The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Monday, November 4, 2013

Wall Street (CitiGroup) Writes Its Own Legislation!

Re-post from Upworthy

Something Really Insane Just Happened In Congress, And You Probably Haven't Heard A Word About It


My old chum and Upworthy colleague Mansur Gidfar ditched us to go work for some anti-corruption group that apparently is tired of "bribery, graft, and shenanigans" in the government. So they gave him a camera. Now he has a ridiculous power grab to share with you that you may have missed.

Adam Mordecai
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ORIGINAL: By Mansur Gidfar for Represent.Us. This vlog is also available in article form on the Represent.Us blog for those of you who prefer to read your outrageous political news. 

DISCLOSURE: Mansur is a part-time contributing curator at Upworthy, and his new full-time gig is for these guys. So I'm writing this up and getting it fact-checked separately for that whole transparency and honesty thing. I'm zany like that. 

SOURCESThe bill referenced in this video is called H.R. 992 — the Swaps Regulatory Improvement Act. You can find out how your representative voted on 992 here. You can find New York Times reports on how Citigroup literally wrote its own bill here and here. You can see how Wall Street dumps money into your member of Congress' campaign coffers here and gape openly at the incredible amounts of money Wall Street spends on lobbying every year here. You can read more about House Financial Services Chairman Jeb Hensarling's ski vacation with Wall Street (yes, that's a thing that actually happened) here.

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