The Revolving Door Is Spinning Out of Control. Can It Be Slowed?
Representative Elijah Cummings of Maryland and Senator Tammy Baldwin of Wisconsin announce the introduction of the Financial Services Conflict of Interest Act on July 15.
Five years to the day after the Senate passed the Dodd-Frank Act, Senator Tammy Baldwin of Wisconsin and Congressman Elijah Cummings of Maryland gathered for a press conference in the Capitol to announce legislation that would strengthen ethics in the executive branch and work to reduce Wall Street influence in Washington, D.C.
“We can’t afford to have a revolving door working to stack the deck in favor of Wall Street and against hard working Americans who are struggling to get ahead,” Baldwin proclaimed as she introduced the Financial Services Conflict of Interest Act on July 15. “The American people deserve to have trust in the fact that government is working for them and that the system is not being rigged against them.”
Read more – http://prospect.org/article/revolving-door-spinning-out-control-can-it-be-slowed
Reblogged this on California Freelance Paralegal and commented:
The revolving door between Wall Street and Washington absolutely needs to be slowed down drastically if not stopped completely.