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Plenty still on hand to buy lawmakers
The American financial industry seems to be teetering on the brink of collapse. The feds have stepped in to save Bear Stearns. Other big firms are hemorrhaging money and racking up huge losses. The stock market is swinging like a yo-yo. And the United States, long dependent on Middle Eastern countries for oil, is now dependent on them for capital as well.
So it’s heartening to see that even during such troubled times, banks and finance institutions have scraped together the money to throw a fundraiser next month for Senator Pat Roberts of Kansas of the Finance Committee. Invitations to the event, to be held at Washington’s fashionable Bistro Bis restaurant on April 15, have just gone out. A quartet of four lobbyists is sponsoring the affair: Steve Patterson of J.P. Morgan; Ed Hill of Bank of America; Heather Wingate of Citigroup; and Scott Talbot of the Financial Services Roundtable. Of course, there are the very same institutions whose funny accounting and lending practices paved the way for the crisis now unfolding, having been abetted all along the way by the Bush Administration and Congress.
Roberts’s political career has been generously underwritten by banks and financial firms. They have given him $392,000 and $231,000, respectively, according to figures from the Center for Responsive Politics. Senator Roberts has been a good friend to his sponsors. So expect them to show their appreciation, and generously, by turning up at Bistro Bis with plenty more money.
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Chance that a movie script copyrighted in the U.S. before 1925 was written by a woman:
Cari Beauchamp, Without Lying Down: Frances Marion and the Powerful Women of Early Hollywood, Charles Scribner's Sons (N.Y.C.)
Engineers funded by the United States military were working on electrical brain implants that will enable the creation of remote-controlled sharks.
Malaysian police were seeking fifteen people who appeared in an online video of the Malaysia-International Nude Sports Games 2014 Extravaganza, and Spanish police fined six Swiss tourists conducting an orgy in the back of a moving van for not wearing their seatbelts.
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