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      revolving door

      Christine Wilson during FTC confirmation hearing

      Following Loud and Lousy Exit, FTC Better Off Without Christine Wilson

      The parting shots of the outgoing commissioner—who personifies DC's pro-corporate revolving door—only draw attention to her actual conflicts of interest.

      KJ Boyle
      Andrea Beaty
      Mar 12, 2023

      Commissioner Christine Wilson's "noisy exit" from the Federal Trade Commission officially has an end date. On March 2, she submitted her official resignation to President Biden announcing she will step down on the last day of the month, and she couldn't help but take some final shots at her apparent nemesis, Chair Lina Khan. Evidently, Wilson still has a bad case of "Lina Khan Derangement Syndrome."

      Wilson doubled down on the grandstanding and baseless accusations she lodged in the Wall Street Journal last month, where she claimed Khan has abused government power (the details of which Wilson conveniently claims she cannot disclose), ignored ethics rules (an idea put forth by the very monopolies avoiding regulation), and flaunted the due process rights of Facebook (though both the Commission and a judge determined Khan need not recuse herself). These accusations are, of course, without merit. Wilson can't be outright in stating her real issue with Khan's leadership—the fact that the FTC is now aggressively cracking down on the entrenched monopolies that have flourished under both Wilson's and her predecessor's watch.

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      Opinion
      Nancy Peele

      GOP House Puts Big Oil's Revolving Door Into High Gear

      "These lobbyists are not getting hired to advocate for American energy consumers—they will push an agenda that benefits the new majority's donors no matter what it costs taxpayers."

      Brett Wilkins
      Jan 27, 2023

      An analysis published Friday by the nonpartisan watchdog Accountable.US revealed that numerous former fossil fuel lobbyists are being hired to work for the Republican-controlled 118th Congress, including in high-level positions on the House Natural Resources Committee.

      "As the Republicans majority begins the new Congress, former oil industry lobbyists will have new and growing influence as top staffers for congressmen on key committees," the analysis states.

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      News
      revolving door
      James Bullard

      'This Is Not Normal': Fed President Spoke at Private Wall Street Forum

      Amid charges of a "culture of corruption," the St. Louis Fed released a transcript and said that "we are listening to the commentary around this and will think differently about this in the future."

      Jessica Corbett
      Oct 20, 2022

      James Bullard, president of the Federal Reserve Bank of St. Louis, came under fire Thursday after The New York Timesrevealed that he "spoke last Friday at an off-the-record, invitation-only forum held by Citigroup, and open to clients."

      "Fed officials are making a mockery of ethics--and Chair Powell is failing to overhaul a culture of corruption."

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      News
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