Wall Street Journal:Treasury Bailout’s Limits on Lobbyists Still Haven’t Taken Effect

Written by admin on August 15th, 2009

The Wall Street Journal reports that months after promising to issue rules to prevent external influence on bailout decisions nothing has been done.  See the story here:

http://online.wsj.com/article/SB125029615019933491.html

A plan by Treasury Secretary Timothy Geithner to limit lobbyists’ influence over the $700 billion bailout program has yet to get off the ground — even as the program nears an end.

Just a few hours after being sworn in last January, Mr. Geithner promised to craft rules preventing external influence over bailout decisions. More than six months later — and 100 days before the financial-industry bailout program is scheduled to stop taking applications for aid — those rules have yet to be finalized.

The Best Government Money Can Buy? is a non partisan documentary about the influences of lobbying and campaign financing.

 

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