03 September 2014

The Revolving Door Spins Again

A Russian bank targeted by US sanctions, has hired Trent Lott and John Breaux as lobbyists:
Gazprombank GPB (OJSC), a Russian bank targeted with sanctions by President Obama over the Ukraine crisis, has hired two former U.S. senators to lobby against those sanctions, according to a new disclosure filed with the Senate.
Gazprombank is controlled by Russia’s state-owned energy company Gazprom, the country’s largest gas producer; it supplies about a third of Europe’s natural gas.

In a filing submitted Friday and effective that day, former Senate Majority Leader Trent Lott, R-Miss., and former Senator John Breaux, D-La., are listed as the main lobbyists under the Gazprombank account for the firm Squire Patton Boggs, lobbying on “banking laws and regulations including applicable sanctions.”
Truth be told, the fact that these two are lobbying for Gazprombank is not the real problem, it is the fact that they never went home, and are now paid obscene amounts of money as employees of Squire Patton Boggs (BTW, the Boggs in the name of the firm is Thomas Hale Boggs, Jr., son of Thomas Hale Boggs, Sr., former House Majority Leader).

More back loaded bribery of our elected officials.

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