The revolving door
Get flash to fully experience Pearltrees
By James Kwak It is common fare for people like me to point disapprovingly to the revolving door between business and government, which ensures that every Treasury Department is well stocked with representatives of Goldman Sachs. In 13 Bankers , the revolving door was one of the three major channels through which the financial sector influenced government policy, alongside campaign contributions and the ideology of finance. The counterargument comes in various forms: people like Robert Rubin and Henry Paulson are dedicated civil servants who wouldn’t favor their firms or their industries, the government needs people with appropriate industry experience, etc. It is certainly possible that industry experts provide valuable skills and experience to the government.
David Gutierrez Natural News April 15, 2012 (NaturalNews) A Venn diagram released by Harvard law professor and political activist Larry Lessig reveals the shocking connections between our government and banking and investment giant Goldman Sachs.
In mid-2009, I went on a search for apologies, from the people who laid the intellectual and regulatory foundations for the financial crisis.
(updated below) When President Obama last January announced the departure of Rahm Emanuel as White House Chief of Staff, many liberals were furious that his replacement was the Midwest Chairman of JP Morgan and Boeing Director William Daley, who was also an opponent of the Consumer Financial Protection Bureau and a critic of Obama’s health care bill as too leftist.
By NEIL GORDON Welcome to another episode of "As the Washington Revolving Door Turns."
A new GAO report finds conflicts-of-interest present.
Revolving Door Makes Lobbying Cheaper and More Effective June 14, 2011 - by Donny Shaw
The report, which tallies a greater number of workers moving between Congress and lobbying than found in previous studies, underscores the symbiotic relationship: Thousands of lobbyists are able to exploit experience and connections gleaned from working inside the legislative process, and lawmakers find in lobbyists a ready pool of experienced talent.