This Week’s Sign the lunatics are running the asylum

An insightful Bloomberg video about the number of Wall Street lobbyists currently swarming over D.C.:

Here are some highlights:

    Citigroup – 46 lobbyists
    Chamber of Commerce – 46 lobbyists
    American Bankers Association – 44 lobbyists
    Prudential – 41 lobbyists
    Goldman Sachs – 29 lobbyists
    American Insurance Association – 29 lobbyists
    Charles Schwab – 28 lobbyists
    Investment Company Institute – 28 lobbyists

That last one, ICI, is the lobbying arm of the mutual fund industry.

The summary:

    Total number of lobbyists representing Wall Street: 1479
    Total number of lobbyists representing investors: 58
    Ratio: 25 to 1

H/t Tyler Durden and Shopyield.com.

Cale Smith

About Cale Smith

Portfolio Manager at Islamorada Investment Management.
This entry was posted in For Investors and tagged . Bookmark the permalink.

2 Responses to This Week’s Sign the lunatics are running the asylum

  1. Mike Gagala says:

    So scary! And people think their “Advisor” has their best interest at heart.

    • Cale Cale says:

      I just watched that documentary “Food Inc.” over the holiday. Somebody should make a movie like that about advisors on Wall Street. Someone other than Oliver Stone, I mean.