Pawlenty, Wall Street And a Common Enemy

by Categorized: Banking, Politics Date:

At least when Chris Dodd took a lobbying job, it was with a group he had known and loved, the Motion Picture Association of America.

Hilariously, former Wisconsin Governor and presidential hopeful Tim Pawlenty will now be a key lobbyist for the financial services industry, an irony captured by Andrew Ross Sorkin of the New York Times.

Sorkin describes the ways Pawlenty trashed the banking industry over the $700 billion federal TARP bailout and related programs.  But as much as Pawlenty fought Obama and the banks over that, he and the banks opposed the added regulation, largely in the form of the Dodd-Frank bill, speaking of our favorite film industry lobbyist.

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2 thoughts on “Pawlenty, Wall Street And a Common Enemy

  1. Jimbo

    Thanks Dan for simplifying our lives by pointing out that only Republicans who take lobbying jobs are hypocrites. Of course your little theory blows up when you see all the Wall Street money being thrown into the Obama campaign. Try again.

  2. Dan Haar Post author

    Read what I wrote. The Democrats favored bank bailouts and heavy regulation. The Republicans — at least the Pawlenty wing, not the Wall Street wing — favored less regulation but less bailout money. It’s a triangle with the banks playing both sides.

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