Palin Defense Fund Violated Ethics Law
Posted in Main Blog (All Posts) on June 25th, 2010 4:43 am by HL
Palin Defense Fund Violated Ethics Law
An investigator has determined Sarah Palin’s legal defense fund broke Alaska ethics law, the Anchorage Daily News reports.
Palin has agreed to settle the matter by having the trust return more than $386,000 to donors.
Kanjorski Under Fire for Remarks
Rep. Paul Kanjorski (D-PA) is taking heat for comments that Republicans say suggest minorities are not “average, good American people,” the Allentown Morning Call reports.
During a meeting on financial reform, Kanjorski insisted that he’s not fighting for relief for, “people that aren’t responsible, that don’t know what the hell they’re doing or don’t care what they’re doing. We’re giving relief to people who I deal in my office with every day now unfortunately that because of the longevity of the recession, these are people — and they’re not in minorities and they’re not defective and they’re not all the things you’d like to insinuate that these programs are. These are average, good American people.”
Lawmakers Reach Deal on Financial Reform Bill
“After more than 20 hours of continuous wrangling, Congressional Democrats and White House officials reached agreement on the final shape of legislation that would transform financial regulation, avoiding last-minute defections among New York lawmakers that had threatened to upend the bill,” the Wall Street Journal reports.
“After months of uncertainty about how the U.S. would craft new rules, the agreement offers the clearest picture since the financial crisis of how markets and the government will interact for decades to come. The common thread: large financial companies are facing a tougher leash.”
Politico: “The final piece of the deal fell into place when Sen. Blanche Lincoln (D-AR) agreed to limit the reach of new derivatives rules to only the riskiest investments, a move to mollify New York lawmakers and moderate Democrats who feared the original plan would cripple Wall Street.”
The bill is expected to have enough support to become law when the House and Senate vote on the package next week.
If signed into law, Washington Wire notes the bill will be called the Dodd-Frank Act.
McCain Holds Big Lead Over Hayworth
A new Magellan Strategies poll in Arizona shows Sen. John McCain (R-AZ) easily handling his Republican primary challenger J.D. Hayworth and leads by 23 points, 52% to 29%.
