Why No One’s Going to Drain this Swamp

wolfstreet.com / by Wolf Richter • Mar 8, 2017

Financial Sector threw $2 Billion at Congress during the Election. Biggest Spenders? Not the Banks.

The Financial Sector – whose products, risk-taking, and shenanigans blew up the sector and everything around it during the Financial Crisis – has finally gotten the memo in a serious way: During the past election cycle (2015-2016), it doused the members of the US Congress with a record amount of money to “influence decision making” and get what they want: deregulation, handouts, and subsidies.

So how much? Over $2 billion.

That’s over $3.7 million per sitting member of Congress, according to a report released today by Americans for Financial Reform. The $2 billion tab fell into two categories:

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Read more ... source: The Bitcoin Channel

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