Former Obama Officials Turn D.C. Scoops Into Wall Street Cash
3rd April 2013
A new Forbes article by Government Accountability Institute (GAI) President and Co-founder Peter Schweizer reveals that former Obama Administration officials and fundraisers are now leveraging their access and influence to bag big billings from Wall Street investment firms as part of the shadowy, emerging industry known as “political intelligence.”
Political intelligence firms are companies that hire former government officials and staffers to vacuum up tidbits of market-related information in and around Capitol Hill. This information is sold to Wall Street firms and financial companies to inform investments. The more connected the power player, the bigger the potential profits investment firms stand to make.
Don’t think of it as selling out — think of it as buying in….