Tuesday, May 11, 2010

Lobbyists galore.........

The report shows that six big banks — The Goldman Sachs Group Inc., Bank of America Corp., JPMorgan Chase & Co., Citigroup Inc., Morgan Stanley and Wells Fargo & Co. — and their trade organizations have spent $600 million since March 2008 to lobby government officials and contribute to election campaigns.

The report also found that 243 lobbyists working for the banks and trade associations came to their jobs from posts on congressional staffs or in the executive branch. The study was written by the Public Accountability Initiative and released by the Campaign for America's Future, a liberal advocacy group, and the Service Employees International Union.

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