Derivatives Reform Suffers Midnight Mangling

hatchet"The last day was a long one in the House-Senate conference committee on financial reform. The conferees had been at it since 9:00 a.m. and were rumpled and weary. Big bank lobbyists packed the conference room and trailed out into the hallways. As the clocked ticked into the wee hours, the chances for meaningful financial reform dimmed. At issue was the strong and controversial crack-down on derivatives trading authored by Senate Agriculture Committee Chair Blanche Lincoln (D-Arkansas).

Just the Facts on Judge Martin Feldman's Financial Investments

Joe FridayDetailed in this article are the recent oil and gas speculation investments, including investments in deep-sea drilling companies, made by the federal judge who blocked the new deep-sea drilling ruling. I recently called for his impeachment in my comments on the financial disclosure reports of Judge Martin Feldman, who struck down the temporary moratorium on new deep-water oil drilling. I based my comments on the financial disclosure reports that had been provided by the Administrative Office ("AO") of the U.S. Courts, from the Financial Disclosure Office (FDO) of the Article III Judges Division (where I previously served as Deputy Chief). And, I stand by my strong rebuke of the judge.

Constitution's Bar on Religious Tests Withstands New Campaign in San Diego

blind justiceA group of conservative attorneys declared that they were on a mission from God to unseat four California judges in the election on June 8. "We believe our country is under assault and needs Christian values," said Craig Candelore, a family law attorney who was one of the group's candidates. "Unfortunately, God has called upon us to do this only with the judiciary." The challenge is unheard of, especially in California, which is one of 33 states to directly elect judges. Vowing to be God's ambassadors on the bench, the four San Diego Superior Court candidates won the backing of pastors, gun enthusiasts, and opponents of abortion and same-sex marriage. According to the Brennan Center for Justice at New York University's school of law, special interest groups, including those representing opposition to gay marriage, have recently increased donations for judicial races. Adam Skaggs, counsel for the Brennan Center said: "An effective way in driving policy is to try to influence who is on the courts in a state, particularly the highest court, the supreme court." For example, in Iowa's June 8 primary, two Republican gubernatorial candidates announced they favored ousting Supreme Court judges whose unanimous decision last year legalized same-sex marriage.

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