How to Get Rich on the Financial Services Committee

By: Thursday December 31, 2009 8:00 am

There’s no reason that members should be taking contributions from industries they regulate as members of a committee. Nor should they be on one that pays an immediate family member. Evan Bayh’s wife went around soliciting participation on boards of businesses regulated by the Senate Banking Committee when her husband was appointed. Family members are one of the principal ways that cash finds its way into the pockets of members of Congress (Tom DeLay, Tom Daschle, Chris Dodd, etc. etc.)

If a member of Congress feels the need to take donations from a particular industry, or if their family member feels a strong need to do so, the member should resign from the committee and find a different one. There are plenty of ways to serve that don’t involve such conflicts of interest.

CBC Boycotts Final Committee Vote on Financial Reform

By: Wednesday December 2, 2009 10:39 am

A strange result today in the House Financial Services Committee. Today, the committee passed their bill on financial regulatory reform, which was mostly completed before the Thanksgiving break. At that time, the Congressional Black Caucus asked for a delay on the vote, to try and gain leverage over passing some package to relieve the massive [...]

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