In an appearance before the Senate Finance Committee tomorrow, the CEO of Continental Resources will argue for preserving the billions of dollars in tax subsidies the federal government provides to oil companies each year. Given that Continental Resources bills itself as "America's Oil Champion" (after, we assume, a difficult championship battle), the CEO's stance probably comes as no surprise. In fact, it's hard to figure out why the Senate's even bothering to hear from him, when a large blinking sign reading MORE MONEY PLS would be functionally equivalent.
WASHINGTON — U.S. Republican presidential candidate Mitt Romney’s campaign said on Tuesday JPMorgan Chase & Co’s huge trading losses were an unfortunate part of a free market economy.
Romney adviser Eric Fehrnstrom told NBC that, while Romney supports some financial regulation, the losses at one of the nation’s largest banks involved investors, not taxpayers, and that rules for Wall Street shouldn’t hamper investments.