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Sen. Carl Levin

Entries by Sen. Carl Levin

Time to Fight Conflicts of Interest on Wall Street

(99) Comments | Posted May 11, 2011 | 10:49 AM

Something strange has happened to our financial system over the past years. We have always prided ourselves on having well-supervised financial markets and sophisticated financial institutions. Yet despite the preeminent role of the U.S. financial and capital markets, we have in recent years seen a significant and worrisome increase in...

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It's Time to End Risky Gambling on Wall Street

(152) Comments | Posted May 17, 2010 | 9:26 AM

When historians look back at the financial crisis of 2008 and the Great Recession that followed, they will fix their blame, in part, on the invention of complicated financial products that hid massive risks and spread them throughout the economy. They will record how Wall Street chased short-term gains at...

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Wall Street and the Financial Crisis: The Role of Investment Banks

(239) Comments | Posted April 27, 2010 | 10:09 AM

The exhibits referenced in the statement and the other witness testimony are available here. You can also watch the hearing live or view an archive webcast later at that link.

Today the Subcommittee holds the fourth in our series of hearings to explore some of the causes and...

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New Report: Bush Officials Tried to Shift Blame for Detainee Abuse to Low-Ranking Soldiers

(691) Comments | Posted April 21, 2009 | 10:41 PM

Today we're releasing the declassified report of the Senate Armed Services Committee's investigation into the treatment of detainees in U.S. custody. The report was approved by the Armed Services Committee on November 20, 2008 and has, in the intervening period, been under review at the Department of Defense for...

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Tax Havens Hearing

(188) Comments | Posted July 17, 2008 | 9:40 AM

This morning the Permanent Subcommittee on Investigations, which I chair, is holding a hearing to look at two banks that have relied on secrecy and deception to hide, not just the tax avoidance schemes of their clients, but the actions they themselves took to facilitate U.S. tax evasion.


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Skyrocketing Energy Prices

(143) Comments | Posted May 12, 2008 | 4:24 PM

This afternoon, I'm speaking on the Senate floor about high energy prices. Unless something is done to make energy more affordable, the record-high prices will continue to reverberate throughout our economy, increasing the prices of transportation, food, manufacturing and everything in between. Skyrocketing energy prices are a threat to...

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The $100 Billion Lineup

(114) Comments | Posted April 1, 2008 | 5:14 PM

Tax cheats come in all shapes and sizes, so it would be hard to pick out of a lineup the 100 Americans whom the IRS suspects of hiding funds in Liechtenstein, a tiny Alpine country known for opening bank accounts and accepting large deposits of funds with few questions...

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Opposing the Escalation

(20) Comments | Posted January 10, 2007 | 9:26 PM

Tonight, following the President's address to the nation calling for an increase in troops to Iraq, I issued this statement:

"I oppose increasing the number of U.S. troops in Iraq as the President outlined.

"An escalation of American troops is a flawed strategy for two reasons: it implies that there...

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