The scandal is what’s legal, as they say.
In statements to the press and congressional letters, Rep. Josh Gottheimer (D-N.J.) is backing a plan from one of his top private equity donors to expand a Federal Reserve bailout program.
The representatives seek an exemption from loan regulations so that payday lenders can receive funding from the coronavirus relief package meant to bail out small businesses.
Through his $454 billion bailout fund, Mnuchin can boost the stocks of companies comprising some of his largest investments.
Rep. Richard Neal (D-Mass.) torpedoed a fix tp surprise medical billing that threatened his private equity donors' profits. The coronavirus outbreak makes this potentially deadly.
The candidates say they support Puerto Rico, but they are holding onto campaign contributions from executives at hedge funds that recently negotiated an agreement that would force Puerto Rico to make cash payments, limiting funds available for the island's rebuilding efforts.
From Big Tobacco to opioid crisis profiteering, Paul, Weiss, Rifkind, Wharton & Garrison LLP has made millions from defending some of the most repugnant corporate villains of recent decades
Reps. Gottheimer and Meeks formed a joint fundraising committee just days after defending private equity at a committee hearing. A new FEC filing shows it raised money almost exclusively from two companies that consumer advocates called out during the hearing.
The group's top donor has a history of backing Republicans.
William Rahm, a senior managing director at the "vulture fund" Centerbridge Partners, was omitted from the original bundler list released by the Buttigieg campaign.