Congressional Capture

Northrop Grumman Spends $10.86 Million on Lobbying with 29 Revolving Door Officials

2023-12-31 00:00:00 +0000 UTC | Importance: 8/10

Northrop Grumman spent $10.86 million on federal lobbying in 2023, employing 36 lobbyists of whom 29—a staggering 80.6 percent—had previously worked in government positions, exemplifying the revolving door between the Pentagon, Congress, and defense contractors that enables systematic corruption of …

Northrop Grumman U.S. Congress Senate Armed Services Committee House Armed Services Committee Lobbying Revolving Door Military-Industrial Complex Defense Contractors Corruption +2 more

Federal Reserve Grants Citigroup Temporary Waiver for Glass-Steagall Violation

1998-09-01 00:00:00 +0000 UTC | Importance: 8/10

In September 1998, the Federal Reserve Board granted Citicorp a temporary waiver allowing its merger with Travelers Group, effectively circumventing the Glass-Steagall Act and Bank Holding Company Act. This strategic regulatory maneuver created Citigroup, the first ‘universal bank’ since …

Federal Reserve Alan Greenspan Citicorp Travelers Group Sandy Weill +4 more federal-reserve citigroup glass-steagall-violation regulatory-waiver systemic-corruption +3 more