How Washington Works
The latest budget bill out of the Senate contains yet another case of influence peddling. Harry Reid , back in a 2013 meeting with private equity CEO David Bonderman is alleged to have solicited contributions for his Super PAC -- which, by law, he's supposed to have nothing to do with. Bonderman, his wife, and firms under his control pitched in over $1 million to Reid's Senate Majority PAC in 2014. In what was undoubtedly a totally unrelated coincidence, Reid pushed to insert two pieces of language that would directly benefit Bonderman's businesses into the 2015 omnibus. And we thought money couldn't buy happiness! Do you suppose the private equity folks are resting a bit easier this Holiday Season?