Financial Transparency Coalition

Vice President Joe Biden brought his fundraising muscle to Detroit yesterday to raise money for Democratic House members Gary Peters and Mark Schauer. During his remarks the Veep said that the economic crisis was caused by wild west tactics among the best and brightest on Wall Street. “The rules were being made by the cowboys on Wall Street,” Biden is reported to have said according to Politico. If so, where is the Sheriff? Twenty sheriffs met in Pittsburgh in September (read: G20) but they didn’t implement the financial transparency procedures needed to get the cowboys out of the...

NEW YORK (Reuters) - For anyone who believes crime doesn't pay, tell that to the New York state legislator who introduced a "Madoff" bill on Monday. Rich New Yorkers convicted of crimes would be forced -- if his bill becomes law -- to pay the state and federal governments for how much it costs to keep them in jail.