OCE Investigation Probes Eight Congressmen’s Financial Services Fundraising Efforts
Thursday, July 15, 2010 at 3:36 pm
At what point does a campaign contribution cross over from Washington status quo to illegal quid pro quo? That’s what the Office of Congressional Ethics has been attempting to probe in its ongoing investigation into eight House members who solicited and received large campaign contributions from the financial services industry immediately before and even during the debate on the financial regulation bill adopted by the House last December:
For example, on Dec. 10, one of the lawmakers under investigation, Representative Joseph Crowley, a New York Democrat who sits on the Ways and Means Committee, left the Capitol during the House debate to attend a fund-raising event for him hosted by a lobbyist at her nearby Capitol Hill town house that featured financial firms, along with other donors. After collecting thousands of dollars in checks, Mr. Crowley returned to the floor of the House just in time to vote against a series of amendments that would have imposed tougher restrictions on Wall Street.
That same day, Representative Tom Price, a Georgia Republican on the Financial Services Committee, scheduled what he called a “Financial Services Luncheon” at the Capitol Hill Club, as part of a fund-raising push that netted him nearly $23,000 in contributions from the industry in a two-month period around the vote.
The Office of Congressional Ethics is an independent office, led by a former federal prosecutor, that has been riling members on the House Committee on Standards of Official Conduct with its aggressive pursuit of what it considers unethical conduct. The New York Times notes that given the two groups’ differences, it’s unlikely that the committee will punish any of the accused members even if the investigation ends up recommending action.
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Comment posted July 15, 2010 @ 8:52 pm
[I]t’s unlikely that the committee will punish any of the accused members even if the investigation ends up recommending action.
That quote sums up “Congressional Ethics” about as well as any.
Or, possibly http://dyn.politico.com/printstory.cfm?uuid=C94AB02D-18FE-70B2-A8E6B7C3A71AF3EC:
Taxpayers have paid out nearly $1 million per year in settlements to congressional employees who have been harassed or otherwise treated badly by their political bosses over the past 14 years, according to records from the Office of Compliance.
[...]
For privacy reasons, the details of all these cases — including the names of the victims and the alleged harassers — are almost never made public. Lawmakers, regardless of whether they are guilty of workplace violations, do not pay a dime for the settlements, while taxpayers foot the bill for the lawyers.
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Comment posted July 19, 2010 @ 8:03 am
This Congressional Ethics is a body designed to endorse the legitimized bribery by insuring the pay-offs are channeled through only the approved forms of bribery.
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