Posted by: angrymob101 | April 26, 2009

Banksters on Capitol Hill

via Naomi Klein, unbelievable:

100 Former Govt Employees Now Working as Bank Lobbyists on Bailout

In late March, as public outrage over bonuses paid to executives of bailed-out financial firms exploded, Citigroup CEO Vikram Pandit met with Senate majority leader Harry Reid. Accompanying the under-fire CEO to the meeting was Jimmy Ryan, one of the banking conglomerate’s top in-house lobbyists. Ryan was a familiar face to Reid and his staff. Up until 2003, he was the Nevada senator’s chief counsel…

At least one former lawmaker has also gotten in on the action. Goldman Sachs, which has more than 30 ex-government officials registered to lobby on its behalf, tapped one-time House Majority Leader Richard Gephardt (D-Mo.) to lobby his former colleagues in Congress on issues related to the Treasury Department’s Troubled Assets Relief Program. Goldman, which paid Gephardt’s firm $70,000 in the last quarter of 2008, received $10 billion in TARP funds. (As a counterparty to AIG’s disastrous credit default swaps, Goldman pocketed an additional $12.9 billion in bailout money given to the insurance firm.) Other insiders lobbying for Goldman include former SEC commissioner Richard Roberts and Faryar Shirzad, once a top economic aide to President George W. Bush.

And I just have to keep hammering this one, because it seems so blatantly scamalicious I can’t believe it is allowed:
Geitner’s Chief of Staff is (former) Goldman Sachs lobbyist!


while looking up references to this, I found that Obama’s team consists of at least 30 lobbyists. Notably:
Raytheon lobbyist now Deputy Sec. of Defense
International Truck & Engine lobbyist now Senior Cousel at EPA
Fannie Mae lobbyist now Deputy national security adviser ?!

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