More than 900 former federal employees, including 70 former members of Congress, have gone to work as lobbyists for the financial services sector in 2009, according to a Public Citizen report released today analyzing data provided by the Center for Responsive Politics (www.opensecrets.org).
The list of people who have passed through the revolving door between Congress and the financial services sector includes a former speaker of the House of Representatives, two former Senate majority leaders and two former House majority leaders. At least 52 of the lobbyists served on - or worked as staffers for - the Senate and House banking committees, which are considering legislation to re-regulate the industry. Additionally, at least 41 financial services lobbyists previously worked for members of Congress who now serve on one of these key committees.
“It’s a shame that so much taxpayer money has been spent to train people to lobby against the American people,” said David Arkush, director of Public Citizen’s Watch division. “The financial industry appears to be better at hiring influence-peddlers than running banks.”
Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.
The FreePint Family is a family of resources to help information workers be more effective, raise the value of information in their organisations and contribute to success.
'FreePint... provides most of my professional development because it won't come through work and [other resources] just don't cut it.'
FUMSI Forum: Do you have a research question? Post it to the FUMSI Forum, where professionals share Q&A and useful tips on how to Find, Use, Manage and Share Information. It's free.
Featured Report: DocuTicker Report: DocuTips on Health Literacy: "What has traditionally been understood as literacy has been disrupted, like so much else, by the advent of the Internet. No longer is it regarded as simply the ability to read and write. In the Information Age, information literacy is a concept that recognises skills in judging trustworthiness and quality as critical. Such matters of accurate interpretation have long been among the concerns of scholars."
FreePint Shop:
VIP LiveWire:
