Lawmakers, troubled by the prospect of taxpayer-subsidized influence-peddling, are threatening to crack down. Senator Dianne Feinstein, a California Democrat, and Senator Olympia J. Snowe, a Maine Republican, are pushing legislation that would explicitly bar companies from using bailout funds for lobbying or campaign contributions.
Although hard to enforce, the measure puts banks on notice that aggressive lobbying could set off a Congressional backlash.
TVNL Comment: Lawmakers are "threatening" to crack down? How about actually cracking down? What they hell do we have lawmakers for? Big talk from the criminals who are responsible for this mess!
Congress is at another impasse. This time, America is facing a countdown to the “dairy cliff.”
The...
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