Monday, December 27, 2010
A recent report shows that members of Congress have held fundraisers on numerous occasions to collect cash during the same period they were drafting new laws.
The Washington Post reported on Sunday that several incidents where the timing of congress's drafting of new laws conveniently coincided with fundraisings and cash collections from wealthy lobbyists -- who often have great interests in the new laws.
In one incident, the members of a joint House and Senate committee worked on the final rules for regulating the financial industry in June 2008 for three weeks.
During the same three weeks, the 35 members of the drafting committee collected USD 440,000 in donations from the same industry, which was heavily lobbying for looser rules and regulations.
Members of Congress claim the donations close to key votes are often coincidental.'
Posted by DotConnector at 07:57