Greg Nowell wrote:
>With all the capitalist interests in a 5 trillion
>dollar economy, for one subset to reach 3% of lobbying
>contributions is huge.
Really? Did you look at all the other interests on the CRP page? Just look at all the money financial interests have spent over the rewrite of Glass-Steagall. In my more cynical moments I suspect that Congress hasn't passed a comprehensive rewrite of G-S because the threat of doing so was a great way to shake the money tree.
The NY Times said that the "reform" of G-S was stopped by one man, Sen. Phil Gramm!
I forgot his stated reason, it seemed a little odd to me. Your suspicion of extortion is pretty good, though I wouldn't know for sure.
-- Homines id quod volunt credunt.