Jul 29, 2010

"This might come as a shock to anyone who isn't a Washington insider: the big, broad financial reform bill will actually increase the presence of lobbyists on Capital Hill going forward.   The New York Times reports that the lobbyists are already starting to swarm. Whenever Congress has more to say about business, firms have more to say to Washington. But the financial reform bill provides the industry even more reason to try to sway regulators than most other legislative efforts.

Here's the Times on the influx:

Nearly 150 lobbyists registered since last year used to work in the executive branch at financial agencies, from lawyers for the Securities and Exchange Commission to Federal Reserve bankers, according to data analyzed for The New York Times by the Center for Responsive Politics, a nonpartisan research group."

Click to go to The Atlantic website and read the entire article.