http://www.youtube.com/watch?v=jNcK1W237T4&feature=player_embeddedEarlier today, President Obama traveled to New York to tell the nation’s most influential bankers to call off their “battalions of financial industry lobbyists” and embrace a new regulatory structure meant to avert another economic crisis. But around the same time back in Washington, D.C., bank lobbyists hosted a fundraiser for Senate Republicans, including Sen. John Cornyn (R-TX), who has become the Republican liaison for Wall Street fundraising.
The invitation to the fundraiser, obtained by the Party Time blog of the Sunlight Foundation, shows that the it was hosted by lobbyists Wendy Grubb, Kirsten Chadwick, Scott Reed, and a variety of corporate PACs. Grubb is a top lobbyist for Citigroup, a bank that took taxpayer TARP funds and has yet to repay them. Chadwick, a former staffer to Rep. Roy Blunt (R-MO), is a lobbyist for Zurich Financial Group, a financial services conglomerate.