Bought and Paid For | Lobbyists from the financial industry have paid hundreds of millions to Congress and the Obama administration

Washinton’s Blog

Lobbyists from the financial industry have paid hundreds of millions to Congress and the Obama administration. They have bought virtually all of the key congress members and senators on committees overseeing finances and banking.

This is easy to confirm in black-and-white. See for yourself: hereherehereherehereand here.

Manhattan Institute senior fellow Nicole Gelinas says:

The too-big-to-fail financial industry has been good to elected officials and former elected officials of both parties over its 25-year life span

And economic historian Niall Ferguson says:

Guess which institutions are among the biggest lobbyists and campaign-finance contributors? Surprise! None other than the TBTFs [too big to fails].

two powerful congressmen

two leading IMF officials, the former Vice President of the Dallas Federal Reserve the head of the Federal Reserve Bank of Kansas City oligarchy

Note: A friend on the Hill made an important point to me by email.

Maxine Waters and Ron Paul get almost nothing [from the financial lobby. Sherman, Kucinich, Grayson and Kaptur are some other congress members who have not been bought and paid for]. 

The story isn’t just that a lot of members are bought and paid for, it’s that some aren’t.

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