By Timothy P. Carney
The revolving door kept spinning through 2015, as Washington kept getting richer at the expense of the rest of the country. Hundreds of government employees went to K Street and Wall Street and hundreds went the other way. Here were the 12 most noteworthy spins:
12.) Sen. Mary Landrieu
11.) Sen. Mark Pryor
10.) Neel Kashkari, Robert Kaplan, Patrick Harker
9.) Rep. Henry Waxman
8.) Elizabeth Warren explained that the problem with other financial regulators was captured by industry, fueled by the revolving door. The Consumer Financial Protection Bureau was going to be different. It isn't. In 2015, more than a dozen CFPB employees left for the private sector, according to The Hill, and "have departed to work at law or consulting firms, corporations and nonprofits since the agency opened its doors in 2011."
7.) Sen. Saxby Chambliss
6.) Kevin Varney
5.) Ben Bernanke
4.) David Hoppe
3.) Marilyn Tavenner
2.) Andy Slavitt
(Ed. And who's the number one revolver? Brace yourself.)
1.) Nobody loved to attack Republicans as stooges for industry more than Barney Frank did. Nobody, before Elizabeth Warren, was touted as a scourge of the banks more than Barney Frank. No legislation since Glass-Steagall was portrayed as an attack on the banks as much as Dodd-Frank. This summer, of course, Barney Frank joined a bank......To Read More....
Editor's Note: Tim Carney is the author of The Big Ripoff: How Big Business and Big Government Steal Your Money. I highly recommend it.
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