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Notes posted by or alerting andrew.stecker
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andrew.stecker Another New List for the Buffalo Network: WNY LARGEST PRIVATE SECTOR EMPLOYERS |
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andrew.stecker New List: http://littlesis.org/list/93/Major_Founda... |
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andrew.stecker
@kevin Dinallo has more connections to Spitzer than to Cuomo, at least until recently. I think the short sellers now have a lot of money, and also have some very powerful enemies, so they are investing in politicians, particularly the NY AG's office. I'm going to try and finish a post on this over the weekend. It's worth checking out the stories about the downfall of Fairfax Financial (http://online.wsj.com/article/SB123449787...), and also MBIA (http://www.bloomberg.com/apps/news?pid=20...). Bill Ackman was the most prominent figure in the shorting of MBIA and Ambac, a situation that led to a congressional hearing in Feb. 08 (then Gov. Spitzer, Insurance Commissioner Dinallo and Ackman all testified). Spitzer's appearance was unnecessary and his position wasn't entirely supportive of Ackman's interests, but Ackman did give Spitzer $10,000 just one month before the hearing. |
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kevin @andrew.stecker that article is fascinating. I will take a look at BIA too. As for Dinallo/Cuomo, do you know what their relationship is? |
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andrew.stecker
@kevin Looking over the top donors for NY AG candidate Eric Dinallo, I noticed that several of them are also among the top donors for Cuomo. The press coverage of the AG race so far has tended to mention that Dinallo is taking in the most money from Wall Street, but when you look at who the largest individual donors are, you see that they're more specifically hedge fund managers, including the short sellers David Einhorn, James Dinan, and John Paulson (all major Cuomo donors). I've been trying to figure out what happened with the short selling investigation Cuomo announced in Sept. 08, but it seems that it never went anywhere, or at least yielded no prosecutions. In other news, did you see this politico article today:http://www.politico.com/news/stories/0110... I might take some time to map out the relationships for Board Members listed on the BIA website. |
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andrew.stecker
The University of Michigan business school has released a study that concludes the obvious: banks with more political clout received more TARP funds. http://www.bus.umich.edu/NewsRoom/Article... |
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andrew.stecker
@Sundin If you haven't come across him already, you may want to look up Greg Zerzan, a Republican operative who helped author GLB, and was the chief in-house lobbyist at the Internation Swaps and Derivatives Association until October, when he was forced out. This issue of Derivatives Week contains some speculation as to why and by whom he was fired: http://www.derivativesweek.com/pdf/DW101909.pdf |
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andrew.stecker As I'm writing this, the House is debating an amendment to the Wall Street Reform and Consumer Protection bill proposed by Walter Minnick (Democrat from Idaho) that would scrap the proposed Consumer Financial Protection Agency. While Minnick postures himself as a Mountain state independent, a quick glance at his littlesis profile show that his links to big banks extend back into the nineties, when Goldman executives including Hank Paulson, Lloyd Blankfein, and Jon Corzine, donated thousands of dollars to Minnick's failed Senate run. |
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andrew.stecker
Greg Zerzan According to the October 19th, 2009 issue of Derivatives Week, a year of infighting at the International Swaps and Derivatives Association resulted in the departure of Greg Zerzan, a former Bush Administration official. Zerzan, a Republican and occasional Wall Street Journal/Fox News contributor, also worked as counsel for the House Agriculture Committee, and the House Financial Services Committee under Mike Oxley. He acted as counsel during the drafting of the original Commodity Futures Modernization Act of 2000, which contained the infamous "Enron Loophole", and has been blamed for its lax approach to the credit-default swaps that led to the collapse of AIG. Interestingly, the ouster of Zerzan was reportedly orchestrated by three big banks: Goldman Sachs, JPMorgan Chase, and Credit Suisse. |
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andrew.stecker
@Kevin In addition to being a friend of Rahm Emanuel, JPMorgan Chase CEO Jamie Dimon is a friend of Valerie Jarrett. I have not figured out how and when they met, but they were elected to the University of Chicago Board of Trustees at the same meeting, February 15th, 2001. Dimon's wife, Judy Dimon has also served on the board of at least one charitable organization (After School Matters) with Jarrett. |
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andrew.stecker
Dimon hired William Daley as vice chairman and head of Midwest operations for JP Morgan Chase in 2004 |
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andrew.stecker
Social 189720 Dimon met Emanuel when Emanuel was a senior adviser to Bill Clinton. Dimon offered him a job at Citigroup. Dimon invited Emanuel to speak at a meeting of JP Morgan Chase's Board in July 2009. |
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kevin
Chamber group-- Beyond the political $ data (see http://blog.littlesis.org/tag/chamber-of-commerce/) we're working on compiling more info on the board members -- relationships showing where they've worked, what boards they sit on, where they went to school, what clubs they belong to, etc., so that we can do a bit more analysis. Five of you are working through the board list -- if you need a hand, just say so. And if you don't currently have an assignment, there's other stuff to be working on, for instance on the Committee of 100. Always! Great work so far everyone. Feel free to reply all to this message by copying the recipient list below. this message sent to all members of the Chamber group: @cunctator @andrew.stecker @joshmumm @Destructor @ellenp @Matthew @sundin @leia @kevin |
