The Politico has a summary of TARP participants disclosing lobbying activities last quarter. Bank of America, which received $45 billion in bailout money, boosted its lobbying tab to $890,000 in the second quarter, up from $660,000 in the first. Citigroup, a $50 billion bailout recipient, nearly doubled its lobbying efforts, spending $2 million in the […]
The Times endorses the SEC’s proposed pay to play rules for public pension funds today. The Securities and Exchange Commission long ago barred underwriters of municipal bonds from contributing to candidates and then doing business with them. But 10 years ago, the commission balked at expanding that order to pension funds. Finally, last week the […]
The Times examines Sen. Dodd’s connections to the drug industry here. Over his decades in Congress Mr. Dodd has raised more than $550,000 from drug company representatives, according to the Center for Responsive Politics. In addition, Mr. Dodd’s wife, Jackie Clegg, was paid nearly $80,000 as a member of the board of Cardiome Pharma Corporation, […]