How To Get Rich on the Financial Services Committee
OPS_admin | Dec 31, 2009 | Comments 0
When House leadership was handing out committee assignments to the freshmen class of 2008, in the midst of one of the biggest financial crises to ever rock the country, it was decided that the best thing to do was put new members who needed campaign cash for tough 2010 battles on the Financial Services Committee.
And so 11 freshmen members from conservative leaning districts were assigned to the committee, basically setting them up to be “bribed” by Wall Street.
Ryan Grim and Arthur Delaney deserve huge kudos for this piece, which outstrips any coverage I’ve seen in the financial press this year and gets to the heart of darkness as to why the banks continue unregulated.
Here’s a microcosmic view of the problem:
Full Story FDL Action » How To Get Rich on the Financial Services Committee.
Filed Under: Corruption
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Who will you vote for this year: Big Oil, Big Casinos, or Wall Street?
Billionaire hedge fund manager - and primary contributor to Rick Santorum's Red, White, and Blue SuperPAC - Foster Friess let the truth slip out about politics in this post-Citizens United age during an interview with Politico. Friess was among several billionaires who attended the Koch brothers secret meeting last month where over a hundred million dollars was pledged to beat President Obama.Trying to get other oligarchs on the side of Rick Santorum - Friess said, "There isn't a person at the Koch brothers events who would not get a good return on their investment by investing in [Santorum] as president, because of what they believe about the free enterprise system." The key word there: investment. These aren't campaign contributions - these are investments that millionaires and billionaires are making to keep their tax breaks, their subsidies, and their lax regulations in place.We no longer have actual people running for President - we have a few very, very rich people like Friess and the Kochs investing in stooges to do their bidding - and hoping to see major returns in their bank accounts. So who will you vote for this year? Big Oil, Big Casinos, or Wall Street?-Thom(Who will you vote for this year? Tell us here.) -
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