Despite campaign rhetoric opposing Wall Street, Trump appointed an unprecedented concentration of Goldman Sachs executives to key positions. Gary Cohn, who received a $285 million severance from Goldman, became National Economic Council Director. Steven Mnuchin, a 17-year Goldman partner who …
Gary CohnSteven MnuchinGoldman SachsDina PowellJay Clayton+1 moreregulatory-capturewall-streetconflict-of-interestrevolving-doorfinancial-sector
Senate Banking Committee Chairman Richard Shelby (R-AL) became instrumental in advocating for the Financial CHOICE Act, legislation aimed at significantly restructuring financial regulation by repealing major parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Shelby, who had …
Richard ShelbySenate Banking CommitteeWall StreetDodd-Frank Actregulatory-capturefinancial-sectorbanking-committeederegulationcongressional-corruption
Moelis & Company, a Wall Street investment bank, announced the appointment of former House Majority Leader Eric Cantor (R-VA) as vice chairman and managing director just two weeks after his congressional career ended. According to SEC filings, Cantor’s compensation package included a …
Eric CantorMoelis & CompanyHouse Republicansrevolving-doorlobbyingcongressional-corruptionwall-streetfinancial-sector
Former Senator Chris Dodd (D-CT) was named chairman and CEO of the Motion Picture Association of America (MPAA), becoming Hollywood’s chief lobbyist in Washington despite having “repeatedly and categorically” promised he would not work as a lobbyist after leaving the Senate. Dodd …
Chris DoddMPAAMotion Picture Associationrevolving-doorlobbyingcongressional-corruptionhollywoodfinancial-sector
The House of Representatives voted on the Emergency Economic Stabilization Act (TARP), with senators who supported the $700 billion Wall Street bailout having received an average of $3,986,723 from the financial sector since 1989—39% more than bailout opponents who received an average of $1,671,029. …