SEC Official Elisse Walter Chosen to Lead Agency
(WASHINGTON) — President Barack Obama has chosen Elisse Walter, one of five members of the Securities and Exchange Commission, to become chairman of the agency. Chairman Mary Schapiro will leave next month after a tumultuous tenure in which she helped lead the government’s regulatory response to the 2008 financial crisis. Walter will take over at a critical time for the SEC, which is finalizing new rules in response to the 2008 financial crisis. She can serve through 2013 without Senate approval because she’s already been confirmed to the commission. Obama will need to nominate a permanent successor before Walter’s term ends. News reports have suggested that Mary John Miller, a top Treasury Department official, is among those mentioned as a potential candidate. (MORE: Obama Selects Three Financial Regulators) Walter, who is a Democrat, was appointed to the SEC in 2008 by President George W. Bush. Earlier, she was a senior official at the Financial Industry Regulatory Authority, the ...
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Dictators for Obama?
Tuesday, October 23, 2012 - 09:11 Chris Kleponis/AFP/Getty Images Evangelical leader Gary Bauer leads the Campaign for American Values PAC, which produced the ad "Dictator Vote." President Barack Obama has the dictator vote, at least according to a super PAC run by evangelical leader Gary Bauer. Hours before Obama and GOP nominee Mitt Romney began a debate on foreign policy, Bauer’s super PAC released an ad with quotes from Cuba’s Fidel Castro, Venezuela’s Hugo Chavez and Russia’s Vladimir Putin, expressing their admiration for the president. “Obama secured the dictator vote,” the narrator says. “Does he have yours?” Bauer’s Campaign for American Values PAC has spent more than a half-million dollars on ads supporting Romney and opposing Obama. An August ad said Obama is “forcing gay marriage on the country.” Another accused the president of “bowing to Islam.” And a third ad asked, “Why was God booed by Obama’s delegates” at the Democratic ...
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Stealth spending on the rise as Election Day approaches
Thursday, October 18, 2012 - 13:45 Chip Somodevilla/Getty Images Romney campaign pins are on display for sale in the GOP gift shop during the third day of the Republican National Convention. The top two spending organizations taking advantage of the Citizens United decision are Republican backers. After the U.S. Supreme Court’s 2010 ruling that unleashed corporate and union spending on elections, there seemed to be a silver lining: the identity of those who fund all those annoying ads would be revealed to the public on a regular basis. It hasn’t quite worked out that way. Since Labor Day, spending by outside groups taking advantage of the high court’s Citizens United decision totaled a little more than $229 million, including unions. Forty-four percent of the total — $100 million — has come from non-disclosing, nonprofit corporations. The clearest example comes from the top two spenders. Both organizations are Republican backers. And they also happen to share the same ...
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The "spring break" president?
Wednesday, October 17, 2012 - 09:30 YouTube/Screenshot Obama is accused of spending too much time on frivolous activities in a new attack ad from a tea party group. “It’s time to put the adults back in charge,” says the narrator of a new attack ad from a conservative political action committee. “Sometimes Barack Obama seems to confuse being president with being on spring break,” he continues. “It’s time to retire the beer-summit, spring-break presidency.” The Campaign to Defeat Barack Obama released this new advertisement just after the end second presidential debate Tuesday night, which saw Obama continue his campaign’s theme of painting GOP presidential nominee Mitt Romney as out-of-touch and elitist. The ad takes the out-of-touch theme and turns it against Obama. The PAC’s ad notes that Obama has played more than 100 rounds of golf during his tenure. It also features clips of his “slow jamming the news” on "Late Night with Jimmy Fallon" and other ...
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Super PAC quarterly report sheds light on donors
Tuesday, October 16, 2012 - 09:32 Win McNamee/Getty Images Super PACs reported their donors and funds raised for the third quarter Monday. A new batch of super PAC donor information arrived at the Federal Election Commission Monday, and among the top contributors was the nonprofit Americans for Limited Government, profiled by the Daily Disclosure on Monday after the organization released a Web video implying that Vice President Joe Biden was on drugs during last week’s vice presidential debate. Americans for Limited Government gave 86 percent of the $1.7 million received by Now or Never PAC , which has spent most of its money opposing the candidacy of Democrat Tammy Duckworth. Duckworth is running for U.S. House in Illinois’ 8th District. Super PACs report donors to the FEC monthly or quarterly. Super PACs that file quarterly are generally less well-known. For example, Restore Our Future , which favors Mitt Romney, brought in $9.4 million in August alone. American Bridge ...
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