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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:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
Estimated number of people who watched a live Webcast of a hair transplant last fall:
A rancher in Texas was developing a system that will permit hunters to kill animals by remote control via a website.
A man in Japan was arrested for stealing a prospective employer’s wallet during a job interview, and a court in Germany ruled that it is safe for a woman with breast implants to be a police officer.
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"It is an interesting and somewhat macabre parlor game to play at a large gathering of one’s acquaintances: to speculate who in a showdown would go Nazi. By now, I think I know. I have gone through the experience many times—in Germany, in Austria, and in France. I have come to know the types: the born Nazis, the Nazis whom democracy itself has created, the certain-to-be fellow-travelers. And I also know those who never, under any conceivable circumstances, would become Nazis."