As Goldman Sachs has been challenged by SEC charges, financial regulatory reform and renewed scrutiny of it's activities, they've up their spending on lobbying by almost 40% in the second quarter of 2010, spending the as much in the first half of this year as it did in all of 2009. $1.58 million was dealt out to influence Congress and the White House on a host of issues like Wall Street reform, derivatives regulation, bank tax, unemployment benefits extension, small business funding, climate change legislation and transportation funding and more. All this spending on lobbying is not only helping the big banks get the legistation they want, but because lobbist saleries typically start around $ 300,000 a year, it's driving a boom in the Washington D.C. housing market and local economy.
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Piggies Alert! Lobbying up 40%...
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