conflict of interest

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Waters Vows to Fight Ethics Charges

Congresswoman says she'll prove innocence at trial

(Newser) - Maxine Waters isn’t rolling over for the House Ethics Committee. “The case against me has no merit,” the Los Angeles Democrat declared in a statement, promising to prove as much at trial. “I don’t think she’s going to be very diplomatic about this,”...

Maxine Waters Broke House Rules: Ethics Panel

California congresswoman likely to face 'trial'

(Newser) - Maxine Waters broke conflict of interest rules when she intervened on behalf of a bank in which her husband was an investor, the House ethics committee will argue in the California Democrat's forthcoming "trial," reports Politico . She could have copped a plea but vehemently refused to acknowledge any...

Judge Who Blocked Drill Ban Has Gulf Oil Investments

Environmentalists protest 'flagrant conflict of interest'

(Newser) - The Louisiana judge who struck down the Obama administration's six-month ban on deepwater oil drilling in the Gulf of Mexico has extensive investments in the oil and gas industry. US District Judge Martin Feldman, a 1983 Reagan appointee, in 2008 reported owning less than $15,000 in stock in Transocean,...

Ex-Generals Cash in as Gov't 'Mentors'
Ex-Generals Cash in as
Gov't 'Mentors'
INVESTIGATION
Nov 18, 2009 11:59 AM CST

Ex-Generals Cash in as Gov't 'Mentors'

They collect millions... while also working for defense contractors

(Newser) - If you’re a general unhappy with your measly six-figure salary, just retire; the Pentagon will pay you millions to come back and consult, even if you’re also drawing a paycheck from a defense contractor. At least 158 retired admirals and generals are now on the Pentagon payroll as...

American Adviser to Kurds Outed as Oil Shareholder

Galbraith's policy push won him $100M

(Newser) - An influential American advocate for Iraqi Kurds, who helped successfully secure Kurdish control over new oil finds in northern Iraq in the country's constitution, stands to reap more than $100 million from the policy he shaped. Peter Galbraith, it turns out, received rights to an enormous oil stake in Kurdistan...

Ben Stein Bitches About Getting Fired by the Times

(Newser) - Ben Stein is miffed about his summary expulsion from the New York Times’ Sunday business section, and he explains why in a lengthy piece for the American Spectator. Booted over a TV commercial he did for an online credit reporting service—not his first commercial, and not a subject he...

Paulson Still Dogged by Ethics Queries
 Paulson Still Dogged 
 by Ethics Queries 
ANALYSIS
Aug 9, 2009 11:28 AM CDT

Paulson Still Dogged by Ethics Queries

Ex-Goldman exec coddled firm as Treasury sec, critics say

(Newser) - As a former Goldman Sachs exec, Henry Paulson vowed to avoid any potential conflicts of interest when he was appointed President Bush’s Treasury secretary. But seven months after he left office, the nagging questions surrounding Paulson’s tumultuous term in office suggest he may not have succeeded, Gretchen Morgenson...

White House Invites CEOs for Lunch—Then Bills Them

(Newser) - Four top CEOs who sat down to lunch with President Obama at the White House have an unusual memento: the bill for their meals. White House staffers collected the credit card numbers of the executives from Coke, Xerox, AT&T, and Honeywell so they could pay up afterward, Politico reports....

Bayh's Wife in Deep With Health Industry

Senator says his vote unaffected by Susan's myriad board positions

(Newser) - As both sides of the health care debate court Sen. Evan Bayh's elusive vote, his wife's earnings from the industry are raising more than a few eyebrows. The Indianapolis Star  takes a look at Susan Bayh, who pulled down some $2.1 million between 2006 and 2008 for serving on...

Conflicts of Interest Rampant in Pentagon Travel: Study

Foreign governments, private firms back officials' trips

(Newser) - Pentagon officials have taken some 22,000 trips whose $26 million tab was picked up by non-governmental sources like private firms and foreign governments, a study finds. The travel is “riddled with conflicts of interest,” said the head of a group behind the study. The medical industry was...

BlackRock's Multiple Roles in Bailout Draw Scrutiny

Money manager faces conflict of interest calls

(Newser) - Most financial firms have suffered in recent years, but money manager BlackRock is thriving. The firm manages $1.3 trillion for hedge funds, governments, and other big clients, but it's also been tapped to help the Fed with foundering companies like AIG and Freddie Mac. Now, reports the Wall Street ...

NY Fed Chair Quits Over Goldman Ties

Friedman upped stake in bank after it fell under Fed supervision

(Newser) - The chairman of the Federal Reserve Bank of New York has abruptly stepped down amid criticism of his ties to Goldman Sachs, the Wall Street Journal reports. Stephen Friedman, who increased his holdings in Goldman after it became a bank holding company under Fed supervision, denied acting improperly. But he...

Pirate Bay Judge Belongs to Pro-Copyright Groups

(Newser) - One of the men convicted in the Pirate Bay file-sharing case is demanding a retrial, claiming that the judge is in cahoots with copyright-protection organizations, the Local of Sweden reports. Judge Tomas Norstrom acknowledges being a member of such groups but denies any conflict of interest. Last week, he found...

Palin Accused of Conflict of Interest
Palin Accused
of Conflict of Interest
Apr 23, 2009 10:50 AM CDT

Palin Accused of Conflict of Interest

Alaska resident says governor's PAC leads to neglect of duties

(Newser) - Yet another ethics complaint was filed against Sarah Palin yesterday, alleging that the governor’s extracurricular excursions on behalf of SarahPAC pose a conflict of interest. The complaint, filed by an Anchorage mother and advocate for children with disabilities, says Palin left the state at a crucial time—the end...

Waters Helped Get Funds for Bank With Family Ties

Critics see major conflict of interest

(Newser) - Maxine Waters is getting lots of unwanted attention about her role in helping a bank with family ties get a helping of TARP money. Both the New York Times and the Wall Street Journal have stories raising questions about whether the California congresswoman used undue influence to get aid for...

Madoff to Plead Guilty on 11 Counts, Faces 150 Years

(Newser) - Bernard Madoff's lawyer told a judge today his client will plead guilty later this week to 11 counts including money laundering, perjury and securities, mail and wire fraud. Prosecutors say the disgraced money manager will face up to 150 years in prison on the charges.

Madoff, Lawyer in Court for Hearing on Conflict of Interest

(Newser) - Disgraced money manager Bernard Madoff emerged from seclusion today to confront a potential conflict of interest in his massive fraud case: a $900,000 investment by his lawyer's sons. Prosecutors asked the judge to rule on the conflict to clear the way for another highly anticipated proceeding Thursday, when Madoff...

Boss Fans Cry Foul After Ticketmaster Snub

(Newser) - A New Jersey congressman is demanding an investigation after Bruce Springsteen fans were unable to buy tickets from Ticketmaster's website—which promptly offered them more expensive tickets from a subsidiary. When tickets for Springsteen's Meadowlands show went on sale Monday, some fans attempting to buy them got an error message...

Clinton Collected $500K From Japanese Firm for...Nothing?

Pricey non-speech could raise difficult questions for Hillary

(Newser) - The Senate panel considering Hillary Clinton's secretary of state nomination today may ask why her husband's most expensive speech was one he never gave, the Los Angeles Times reports. Clinton received $500,000—double what he received for other speeches on the same tour—for the canceled speech he was...

Kennedy Won't Make Personal Disclosures Yet

She refuses to reveal financial info 'unless and until' she gets job

(Newser) - Caroline Kennedy has refused to disclose a variety of personal data, from which companies she has invested in to whether she has ever been charged with a crime, reports the New York Times. While candidates or sitting senators must make annual financial disclosures, potential appointees to a vacant seat have...

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