In 2000, Congress passed a law barring states from regulating credit default swaps under their gambling and “bucket shop” laws. This set the stage for the market in “financial derivatives” that are a big part of what is causing the economic meltdown today.
One hundred fifty-five of the Members of Congress who voted for this law are still serving—and they’re up for reelection next week. You might want to take their votes on credit default swaps into account when you go to your polling place.
The Senate passed the bill on “unanimous consent.” Everyone just agreed to let it go through, including 22 Senators who are up for reelection.
The top Democrat on the House Foreign Affairs Committee took the rare step Wednesday of publicly...
At around five o’clock on a winter evening in 2013, then college student Sam Forstag was...
Mitch McConnell, the former Republican Senate majority leader, returned to the Capitol on Monday and cast...
