DC lawmakers flocking to Wall Street to destroy reform

[babsbunny]

http://www.americablog.com/2010/04/dc-lawmakers-flocking-to-wall-street-to.html

by Chris in Paris on 4/13/2010 06:10:00 PM

This is what the US is up against with reforming the industry that trashed the global economy. These people - Republicans and Democrats alike - have no shame. The money is surely good but how do they sleep at night? Why do flag-waving politicians hate America? Hypocrites. Every last one of them.

The former congressman Michael G. Oxley, the Ohio Republican whose name is on one of the most famous pieces of business regulatory legislation in history — the 2002 Sarbanes-Oxley Act that imposed tougher accounting measures on firms after scandals at Enron and other companies — is a senior adviser to the Nasdaq stock market. Mr. Oxley received $40,000 in the last quarter of 2009 for lobbying to limit the ownership of banks and other competitors in clearinghouses.