Word: lobbyist
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...government guarantees should insure that interbank loan rates retreat to the point where money is moving again. With the first capital injections a few days away, loans should begin flowing easily in a matter of weeks, says Scott Talbott, chief lobbyist for Financial Services Roundtable, representing major U.S. banks. "This will open up credit immediately, and the benefit will begin to flow to small businesses shortly thereafter," he says. Every $1 of equity creates $10 in lending power. Half of the $250 billion set aside for capitalization is targeted at smaller banks. Some banks are wary of the strings attached...
Three-term Florida Congressman Tom Feeney has not been criminally charged in the Washington corruption scheme that sent super-lobbyist Jack Abramoff to federal prison. But the taint of the Republican's 2003 golf trip to Scotland on Abramoff's dime is derailing his re-election campaign...
...Five years ago, when I was first elected to Congress I was invited on trip to Scotland," Feeney says in his commercial. "I found out later that it was paid for by a corrupt lobbyist. It was a rookie mistake and I did everything I could to make it right. I reported it to the ethics committee and I paid the money back. I embarrassed myself, I embarrassed you and for that, I'm very sorry. I'm Tom Feeney and I approve this message because public service is about being honest, even when you make a mistake...
...technical detail but for making public ethics accusations against a fellow board member who happened to be chairman of the state Republican Party. She resigned in protest, leaving the $122,400 job after a year. (He was later fined for, among other things, sending confidential information to an industry lobbyist.) But Palin emerged with the image of a bold reformer in a state where the interests of Big Oil and politicians had seemed inseparable...
Neither the plan nor its proponents were universally loved. Critics pointed out that gas-team member Rutherford had briefly been a lobbyist for a TransCanada subsidiary. And stiffer resistance came from economic conservatives. Representative Mike Hawker says that by cutting Big Oil out of the pipeline, Palin's team "endangered the state's economic future. It's a classic case of biting the hand that feeds...