'Banking Caucus' member aims for Senate

By Alison Fitzgerald

Republican candidate for Senate U.S. Rep. Shelley Moore Capito defends little banks but big banks benefit too.

Excerpts from this story referencing "Center for Public Integrity":

"… “Congressional Banking Caucus,” a group of lawmakers identified by the Center for Public Integrity as especially solicitous to the banking industry. They are all members of …"

"… al Services Committee and three have been passed to the Senate. Since the Center for Public Integrity published a report on these lawmakers in April, their efforts to reshape t …"

FEC not 'Ready for Warren'

By Dave Levinthal

The nation's election regulator is telling an upstart super PAC to change its name, saying it violates federal law.

Excerpts from this story referencing "Elizabeth Warren":

"… al election regulators are telling an upstart super PAC that's urging Sen. Elizabeth Warren, D-Mass., to seek the presidency. In a letter Sunday, the Federal Electio …"

"… rren PAC's treasurer, confirmed that "the goal of our campaign is to draft Elizabeth Warren to run for president in 2016."  Sagrans noted that candidate draft c …"

Bush bundlers boost pro-Gillespie super PAC

By Michael Beckel

Co-chairman of U.S. Senate candidate's finance committee also helps bankroll supportive super PAC.

Excerpts from this story referencing "Karl Rove":

"… in the White House to President George W. Bush. Along with GOP strategist Karl Rove, Gillespie also helped found the super PAC behemoth American Crossroads, w …"

How cozy can candidates be with political groups?

By Rachel Baye

A Wisconsin probe into recall campaigns highlights murky rules nationwide about how much candidates and outside groups can coordinate.

Excerpts from this story referencing "Democratic Party":

"… aturing then-U.S. Sen. Ben Nelson, a Nebraska Democrat. It was paid for by Democratic Party committees. Nelson’s campaign argued the ad was legal mainly because it …"

Credit rating industry dodges reforms, despite role in financial meltdown

By Alison Fitzgerald

Despite playing a central role in the economic collapse, firms that gave inflated ratings to toxic bonds remain untouched by reforms.

Excerpts from this story referencing "Barack Obama":

"… d for by the companies issuing the securities. Four years after President Barack Obama signed Dodd-Frank into law, many of the reforms to the credit rating indus …"

"… fe investment. Ratings are ‘opinions’ Just one day after President Barack Obama signed the Dodd-Frank act into law on July 21, 2010, the credit ratings se …"

Donors, friends of governors often get state supreme court nod

By Rachel Baye

Judicial elections are often criticized for corrupting influence, but appointment process has problems too.

Excerpts from this story referencing "Virginia":

"… governor can reject the list of nominees and ask for more. In two states, Virginia and South Carolina, the legislature appoints judges to the state supreme c …"

GOP leaders, donors mix during secretive forum

By Michael Beckel

Documents shed light on closed-door confab featuring top politicians and donors.

Excerpts from this story referencing "Karl Rove":

"… aley Barbour, Rep. Cathy McMorris Rodgers of Washington and GOP strategist Karl Rove tackled how “millennials, minorities and women” will vote during upcom …"

Meet the Banking Caucus, Wall Street's secret weapon in Washington

By Daniel Wagner and Alison Fitzgerald

Industry campaign cash flows to pro-bank activists in Congress, yielding big returns.

Excerpts from this story referencing "PAC":

"… ,000 each from the Consumer Bankers Association, the Capital One Financial PAC, and the National Pawnbrokers Association PAC. Financial interests recentl …"

"… n, the Capital One Financial PAC, and the National Pawnbrokers Association PAC. Financial interests recently hosted Scott at Johnny’s Half Shell&n …"

"… hed herself as a fundraiser, raising more than $100,000 for her leadership PAC in her first year in office. Among the major donors: Goldman Sachs, Oppenh …"

'Jumbo joints': How big will the newest political animals get?

By Michael Beckel

Supreme Court ruling has emboldened political groups designed to serve as collective fundraising operations.

Excerpts from this story referencing "Democratic Party":

"… before the Supreme Court struck down the aggregate contribution limits.) Democratic Party groups might also create new jumbo-joint fundraising committees to boost t …"

'Stop R.E.I.D. PAC' draws scrutiny of regulators

By Dave Levinthal

Regulators say conservative group should change its name.

Excerpts from this story referencing "Supreme Court":

"… as the driving force behind McCutcheon v. Federal Election Commission, the Supreme Court case that ended aggregate limits on campaign contributions to candidates, …"

Center wins three awards from Society of Professional Journalists

Two days after the Center is honored with a Pulitzer Prize, it collects three more journalism awards.

Merriam-Webster makes 'super PAC' official

By Dave Levinthal

Merriam-Webster OKs shorthand term for the clunky 'independent expenditure-only committee.'

Excerpts from this story referencing "Supreme Court":

"… rise: Super PACs have become electoral politics' white-hot stars since the Supreme Court's Citizens United v. Federal Election Commission decision in 2010 helped f …"

As drilling ravages Texas’ Eagle Ford Shale, residents 'living in a Petri dish’

By Jim Morris, Lisa Song and David Hasemyer

In partnership with InsideClimate News and The Weather Channel, Center examines oil industry exploitation of Texas’ Eagle Ford Shale.

Excerpts from this story referencing "United States":

"… people who live in drilling areas — not just in Texas but throughout the United States — simply don’t carry enough weight to counterbalance the financial ben …"

"… e last decade, as the shale boom brought drilling to vast stretches of the United States. Much of the concern has centered on how methane and fracking chemicals ca …"

"… ld. It may go down as the largest oil and gas field ever discovered in the United States,” said Steve Everley, who works in Washington, D.C., for Energy in Depth …"

Center wins Polk award for financial coverage

By The Center for Public Integrity

Award honors 'After the Meltdown,' which showed those most responsible for financial crisis living in luxury.

Excerpts from this story referencing "finance":

"… on is for business reporting. It goes specifically to managing editor for finance and “After the Meltdown” project manager John Dunbar; team leader and …"

New Fed chairwoman Janet Yellen in her own words

By Alison Fitzgerald

Janet Yellen comments on the role of the Fed, devastating unemployment and Congress in selected quotes from 2013.

Excerpts from this story referencing "finance":

"… ederal Reserve — becoming one of the most powerful people in global finance and the top regulator in the U.S. financial system.  The Center for …"

Pro-Obama nonprofit boosted by undisclosed donors

By Julie Patel and Michael Beckel

Priorities USA Action raised $8.4 million in 2012, the bulk of which came from four unnamed donors.

Excerpts from this story referencing "Mitt Romney":

"… ast year came in the form of negative ads against GOP presidential nominee Mitt Romney. One of its ads linked Romney to the death of a woman who lost her battle …"

FEC: Prison is no excuse for campaign filing failures

By Dave Levinthal

Jailed ex-congressmen Jesse Jackson Jr., William Jefferson must still file disclosure reports, agency says.

Obama bundlers nominated for diplomatic posts in New Zealand, Iceland

By Michael Beckel

President Obama has named two more of his top campaign fundraisers for plum, overseas diplomatic posts.

Excerpts from this story referencing "Politics":

"… ity review of campaign disclosures and data from the Center for Responsive Politics. Meanwhile, Barber, an attorney at Boston-based Looney & Grossman LLP …"

Behind the story: how the Center revisited financial meltdown reporting

By Jackie Hryncewich

Senior Finance Reporter Alison Fitzgerald offers an insider's perspective on our "After the Meltdown" investigation.

Excerpts from this story referencing "finance":

"… er in April 2013 to help lead its financial reporting project and campaign finance coverage. Her coverage of the 2008 financial crisis and ensuing gover …"

"… ms and perhaps inspire some changes that make it so people in business and finance are forced to take responsibility for their actions, and the actions of th …"

Obama taps Goldman Sachs executive as ambassador to Canada

By Michael Beckel

Goldman Sachs executive is 20th campaign bundler nominated for an ambassadorship by Obama this year.

Excerpts from this story referencing "finance":

"… Kirk W.B. Wagar and Matthew Barzun, who served as Obama’s 2012 national finance chairman — each bundled at least $1.2 million for Obama’s committees o …"

"… al high-profile posts. For instance, Rufus Gifford, his campaign’s 2012 finance director, was nominated to be the next ambassador to Denmark. Former Offic …"

Legal fight brewing over 'Stop Pelosi PAC'

By Dave Levinthal

Political committee is pushing legal limits by naming itself after House Minority Leader Nancy Pelosi.

Excerpts from this story referencing "White House":

"… eeking re-election to the Senate in 2016, regardless of whether he makes a White House bid. Super PACs promoting Democrat Hillary Clinton for president have lik …"

Ex-SEC chief now helps companies navigate post-meltdown reforms

By Lauren Kyger, Alison Fitzgerald and John Dunbar

Former regulators profit from their experience with jobs, book deals and speaking fees.

Excerpts from this story referencing "Finance":

"… LLC, a firm that, among other things, defends businesses from the Consumer Finance Protection Bureau and “consumer protection matters,” according to its …"

Subprime lending execs back in business five years after crash

By Daniel Wagner

Executives from all of the top 25 subprime lending firms are working in the mortgage business five years later.

Excerpts from this story referencing "finance":

"… into the system" Cecala says, as lenders permit smaller down payments and finance more investment properties. Riding out the storm After First Franklin clo …"

"… Mortgage and chaired by a former CEO of the government-sponsored mortgage finance giant Fannie Mae. Prospect’s mortgage offerings include interest-only lo …"

"… ket turned. Lehman Brothers, for example, bought BNC Mortgage in 2004 and financed subprime loans offered by other companies. Jim Harrington was a senior vi …"

"… e says, and left the industry during the 2008 crisis. He currently teaches finance at the University of Maryland’s Robert H. Smith School of Business. “ …"

Ex-Wall Street chieftains living large in post-meltdown world

By Alison Fitzgerald

CEOs of banks that fueled the subprime crisis that led to the economic meltdown largely avoid consequences.

Excerpts from this story referencing "Andrew Cuomo":

"… al deal, according to his 2009 testimony to then-New York Attorney General Andrew Cuomo.  He said he kept the losses hidden under pressure from Treasury Secr …"

Pro-Booker PAC propelled by hedge fund money

By Adam Wollner

Pro-Booker super PAC fueled by money from securities and investment industry.

Excerpts from this story referencing "New Jersey":

"… ing favorite to win Tuesday’s Democratic U.S. Senate primary election in New Jersey, a super PAC spent more than $500,000 supporting his candidacy, records sh …"

"… literature and telephone calls. Two other groups have been active in the New Jersey race — Pac Plus and the American Commitment Action Fund. Pac Plus — w …"

Bear Stearns mortgage executives have plum jobs on Wall Street

By Lauren Kyger and Alison Fitzgerald

Executives from the mortgage finance division that helped sink Bear Stearns have similar jobs at major Wall Street banks.

Excerpts from this story referencing "JPMorgan Chase":

"… thin a few days, on Monday, March 17, Bear was gone — subsumed into JPMorgan Chase & Co. with the help of the Federal Reserve for a price that was approx …"

"… t. These flaws are entirely unacceptable to me." ResCap, Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup settled for $25 billion with the Jus …"

Embattled McDonnell benefactor also boosted RGA

By Alan Suderman

Republican Governors Association got cash from embattled donor to Bob McDonnell.

Excerpts from this story referencing "Virginia":

"… A company run by Jonnie Williams Sr., the businessman whose gift giving to Virginia Gov. Bob McDonnell has drawn the scrutiny of federal law enforcement …"

"… nwealth and repaid Williams $120,000 worth of loans. Star Scientific is a Virginia-based dietary supplement manufacturer that is listed as having given nearl …"

"… 9 campaign for governor and to his political action committee, Opportunity Virginia PAC, according to multiple media reports. Those donations were listed as i …"

"… re listed as in-kind travel contributions in state forms, according to the Virginia Public Access Project’s online records. "They used the company plane to …"

Campaign finance heavyweights in bitter battle

By Adam Wollner

It's CREW vs. James Bopp in row over payments from nonprofit to law firm.

Excerpts from this story referencing "finance":

"… nited v. Federal Election Commission.     …"

"… $338 in assets at the end of that year. Bopp has argued against campaign finance regulations all over the country and is perhaps best known for representin …"

More bundlers picked for plush ambassador posts

By Michael Beckel

Obama picks campaign fundraisers for diplomatic posts in Belgium and the Dominican Republic.

Excerpts from this story referencing "finance":

"… men to serve as ambassadors in Europe. Denise Bauer — who served as the finance chair for Women for Obama during the president’s 2012 campaign — has b …"

Governments agree to share tax records

By Gerard Ryle and Marina Walker Guevara

Move by G8 leaders, in part, follows ICIJ's massive Offshore Leaks investigation.

Excerpts from this story referencing "finance":

"… on, money laundering and trafficking, have become front-page news. Illicit finance is one of the most pressing issues of our time:  it’s robbing …"