Pursuing a different side of the bailout story, Harpers Magazine exposes the multitude of exclusive functions and parties for members in the Financial Services committee.
Ken Silverstein from Harpers Magazine reveals the relationship between the House Committee and finance lobbyists:
“If you haven’t been under a rock lately, you know that the Bush Administration is proposing a $700 billion bailout for Wall Street. What you might not know is that there have been 258 parties this year alone for members of the House Financial Services Committee-the very folks who are making crucial decisions about this legislation-a number of them hosted by lobbyists for the finance, insurance, and real estate industries.”
Read the full story here.
Get Crikey FREE to your inbox every weekday morning with the Crikey Worm.