(July Newsletter content snippet)
"Barney Frank, Chairman of the powerful US Congressional Financial Services Committee, asked bankers during one of his hearings last February “Why do you need to be bribed to have your interests aligned with the people who are paying your salary?”.
Contrastingly, he had a scant month earlier personally written an “earmark” provision into the Troubled Asset Relief Program bill specifically aimed at helping a failing bank in his home state. No ordinary collaterally-damaged-by-the-fallout bank but one under a Federal Deposit Insurance Corporation “Cease and Desist” order for (amongst a great many managerial and operational failings) “allowing the payment of excessive compensation”.
This US-focussed study does not do irony but it does look at the economic impact made by a leading politician in his home state when he is appointed to the chair of one of the 10 most influential congressional committees..."
(Ludicrously generous summer trial available in July and August, email for more info)