Somewhere Over the Rainbow: Landrieu looks to K Street

The great thing about being a Senator is that if one does happen to lose, one is pretty much guaranteed a significant bump up in pay if one chooses to wander the green pastures of K Street, Lobbyland, Gucci Gulch, after one’s congressional career. If one can’t have direct power, piles of cash can soothe the lust.

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Gazprom (Russian)-controlled bank hires former senators Lott, Breaux as lobbyists

No big deal. So what if the former Republican head of the Senate Trent Lott and his Democrat buddy John Breaux now work for the bank which funnels much of the money from the Russian petroleum industry? I mean what could possibly be wrong with that? It’s not like Putin is rolling his army into the Ukraine or anything and threatening to cut off natural gas pipelines to Europe before winter begins. No, no, it’s totally cool.

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Banks’ Lobbyists “Help” in Drafting Financial Bills

 

Who writes the laws? The lobbyists.This isn’t completely true, but it is true to a very large extent as this article explains.

The thicker the law, the more opaque the legislation, the more opportunities there are to make money. There’s a reason Obamacare is a stack of papers taller than a man, same for Dodd-Frank. Both laws deal with impossibly complex areas of the economy best left to market mechanisms. To a very large extent the problems which both Obamacare and Dodd-Frank seek to address,

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