A Fox in the Henhouse: Freddie Mac Lobbyist to Run Senate Banking Committee

Well isn’t this just special…

Reported New Democratic staff director at Banking Committee: A lobbyist for Freddie Mac and the American Bankers Association

Chris Dodd is gone, but the Senate Banking Committee’s revolving door hasn’t stopped spinning.

National Journal reports that incoming chairman Tim Johnson, D-S.D., is hiring back his old aide Dwight Fettig to serve as committee staff director. Since leaving Johnson’s personal office in 2002, what has Fettig done?

He served as Freddie Mac’s lead lobbyist from 2003-2008 and then became a partner at K Street’s Arnold & Porter, where his clients include the American Bankers Association, Jefferies & Company, JP Morgan, Kynikos, and the National Association of Mortgage Brokers.

National Journal tells the story this way:

The incoming chairman, Sen. Tim Johnson, D-S.D., recently hired Fettig as a senior policy adviser in his personal office. But sources say that’s just a transitional position until Johnson officially takes over as chairman in January.

Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2010/12/new-democratic-staff-director-banking-committee-lobbyist-freddie-#ixzz18CsZMABX



2 Responses to “A Fox in the Henhouse: Freddie Mac Lobbyist to Run Senate Banking Committee”
  1. Boy, each day seems to bring more shit to cram down the throats of all citizens who have had enough. This has gotten way out of hand…and getting worse. I dread the day when another bubble bursts…..and I don’t feel it will be a financial burst. At 72 years of age and I do own my own home, but to see this country go down the sewer pipes is so disgusting….to see the corruption right out in the open as if telling everyone to ‘take gas, it’s faster;’. Something has to be done to stop this outrageous deliberate act to destroy this country any further. It has proven to be a money game with all involved…a bribery scam that reeks with a smell. Seems these are the only one’s still owning many homes and making millions to bank….not hard to figure this out….when a country has millions homeless and no jobs or money. And those making decisions have backgrounds that don’t qualify them to be in that or any other position of our government. This includes many giving the orders.

  2. fighting mad, mad as hell says:

    One good reason fighting these foreclosures is so hard, and seems like we take one step and two step back. The entire situation is so massive and widespread that it’s just beyond most peoples comprehension.

    “The individual is handicapped by coming face to face with
    a conspiracy so monstrous he cannot believe it exists.”
    – J. Edgar Hoover

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