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Number of the Week: 103 Months to Clear Housing Inventory
Six major banks, including Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Morgan Stanley, spent a total of $6.9 million on lobbying in the first quarter of this year. That’s up by a third compared with the same time last year. Goldman Sachs increased its lobbying by more than 70 percent since the same period a year ago. The company is under investigation by the Securities and Exchange Commission for alleged investor fraud.
Wall Street seeks out lawmakers, and lawmakers seek out Wall Street. In recent months, politicians from both parties have raised hundreds of thousands of dollars in campaign contributions from big banks and investment companies. The fundraisers provide access to key politicians working on legislation that directly affects the finance industry.
Originally posted by GreenBicMan
reply to post by lernmore
If the .gov keeps this up I am going to side with GS.
This old hen talking is ridiculous and everything she has said so far just goes against the free market in general. Basically scolding them for making money, not even bringing up anything of significance.
A market maker is a company, or an individual, that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread, or turn.
Sounds like FED isn't worried about inflation.
THIS IS EITHER A SET UP SHAM OR WE NEED TO FIRE ALL ELECTED REPS