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Island Investing

Riffs, rants, and the upside of investing from way off Wall Street


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