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Reporters in our Washington bureau have been tracking the former congressional staffers (and members) now on the payroll for companies getting taxpayer bailouts. The full list is here. A sample of the lobbying firepower and Big Finance‘s return on investment:
AIG
ASSETS:Moses Mercado, Obama campaign adviser, former deputy chief of staff, Rep. Richard Gephardt (D-Mo.) Ronald Christie, former special assistant, President George W. Bush Hazen Marshall, former staff director, Senate budget committee Gregory Nickerson, former staff director, House Ways and Means subcommittee Robert Leonard, former chief counsel and staff director, House Ways and Means committee LOBBYING EXPENDITURES (2008): $9.7 million BAILOUT: $180 billion ROI: 1.85 million percent
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Did you see that Mother Jones is launching a new Corruption Project? Check it out, and if our plan makes sense to you, we hope you'll help us raise $500,000 and go all in.
ONE QUICK THING:
Did you see that Mother Jones is launching a new Corruption Project? Check it out, and if our plan makes sense to you, we hope you'll help us raise $500,000 and go all in.
