Tim Pawlenty takes job lobbying for big banks

Categories: T-Paw
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T-Paw: Lobbying on behalf of the one percent since 2012.
Just over a year ago, T-Paw was a leading contender to be the GOP's 2012 presidential candidate. A couple of months ago, he looked like the frontrunner for VP. Neither of those gigs worked out, but it doesn't take long for a well-connected Republican to find lucrative, full-time work, does it?

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Last night, Barb Rehm, editor at large of American Banker, reported that Pawlenty will become the new head of the Financial Services Roundtable, a Washington lobbying group that advocates on behalf of the nation's top 100 financial institutions.

From Politico:
The Roundtable is one of a handful of Washington groups, including the American Bankers Association and the Securities Industry and Financial Markets Association, that are lobbying financial regulators as they implement the 2010 Dodd-Frank Wall Street reform law.

The Roundtable, like other banking groups, is seeking to recover ground the industry lost when Dodd-Frank was enacted. Their efforts focus on trying to influence how regulators are drafting rules implementing the law as well as drumming up support on Capitol Hill for legislation that would soften its impact.
In a statement, Pawlenty said he's "excited about this new challenge," adding that he realizes "there is still work to be done to continue to earn customers' confidence."

MPR dings T-Paw for having no congressional experience and little private sector experience, then reports that Pawlenty's FSR predecessor, former Texas Congressman Steve Barlett, earned about $2 million a year.

Not bad cha-ching for the son of a truck driver from a meat-packing town, is it?

Tom Scheck tweeted that the new gig means T-Paw will be stepping down as national co-chair of Mittens's presidential campaign, while the AP's Brian Bakst speculates we'll be hearing less "Pawlenty for Senate 2014" talk from now on.


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16 comments
Darren House
Darren House

Its good to see someone from a state like Minnesota that is home to many responsible banks that avoided the financial crisis get involved. Hopefully he will voive responsible banking measures championed by Minnesota companies to congress instead of voices for those that got in so much trouble.

MicheleBachmann
MicheleBachmann topcommenter

This just means the entire banking system will be ruined in a few months.  Everything that T Paw touches turns to shit.  He is a terrible person and a terrrible leader. 

Pinko Thinker
Pinko Thinker

what a slimy putz, this guy. he will forever remain a painfully shameless disappointment.

Pinko Thinker
Pinko Thinker

what a slimy putz, this guy. he will forever remain a painfully shameless disappointment.

Thomas Zocher
Thomas Zocher

You're doing the Lord's work, Tim. Because God knows the big banks sure do need someone on their side.

Nicholas S. Goers
Nicholas S. Goers

This coming from the Liberal Pages of Minneapolis isn't surprising...

stevetimmer
stevetimmer

@panopticon13 Don't let the door hit you on the butt, Timmeh.

Kevin Christopher
Kevin Christopher

To be fair he's been acting in their best interest for considerably longer.

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