Politico.com: More clintonian free traders lobbyists....

Mark Penn isn’t the only Hillary Rodham Clinton supporter on the wrong side of the Colombia trade agreement.

The Democratic-leaning advocacy firm the Glover Park Group, former home to Clinton campaign spokesman Howard Wolfson, signed a $40,000 per month contract with the government of Colombia in April of 2007 to promote the very agreement that Clinton now rails against on the presidential campaign trail.

That means Glover Park Group was arguing the same position as Penn's firm. The contentious Clinton strategist and Burson-Marsteller chief executive lost his campaign job over the weekend after The Wall Street Journal revealed that he’d met with Colombian officials to plot strategy on the pact.

Several other Glover Park employees have deep connections with the Clintons, including founding partner Joe Lockhart, who served as the White House press secretary under President Bill Clinton, and Joel Johnson, who was a senior communications adviser in the Clinton White House. Read more

The Buying of the President 2008

I really recommend you to check out this new project of the Center for Public Integrity, it is amazing. It has detailed information on the campaign contributions, the donors, the candidates, everything. Every report, on its original version, interesting links, bio, etc. It is really complete. What really called my attention was the Hanna Project, a really graphic history of the relations between campaigns and money in US history. Check it out

Politico.com: McCain ties with Banking Lobby

Not only that his campaign staff include former lobbyist from the aeronautical world, now we know that one of the most important persons of Mr. McCain´s campaign team is a former lobbyist that advocated against legislation that could have prevented the current financial crisis.

Politico.com has released an interesting note ("McCain guru linked to subprime crisis") about McCain´s friend and his ties with Banking Lobby:

The general co-chairman of John McCain’s presidential campaign, former Sen. Phil Gramm (R-Texas), led the charge in 1999 to repeal a Depression-era banking regulation law that Democrat Barack Obama claimed on Thursday contributed significantly to today’s economic turmoil.

“A regulatory structure set up for banks in the 1930s needed to change because the nature of business had changed,” the Illinois senator running for president said in a New York economic speech. “But by the time [it] was repealed in 1999, the $300 million lobbying effort that drove deregulation was more about facilitating mergers than creating an efficient regulatory framework.”

Gramm’s role in the swift and dramatic recent restructuring of the nation’s investment houses and practices didn’t stop there.

A year after the Gramm-Leach-Bliley Act repealed the old regulations, Swiss Bank UBS gobbled up brokerage house Paine Weber. Two years later, Gramm settled in as a vice chairman of UBS’s new investment banking arm.

Later, he became a major player in its government affairs operation. According to federal lobbying disclosure records, Gramm lobbied Congress, the Federal Reserve and Treasury Department about banking and mortgage issues in 2005 and 2006.

During those years, the mortgage industry pressed Congress to roll back strong state rules that sought to stem the rise of predatory tactics used by lenders and brokers to place homeowners in high-cost mortgages.

For his work, Gramm and two other lobbyists collected $750,000 in fees from UBS’s American subsidiary. In the past year, UBS has written down more then $18 billion in exposure to subprime loans and other risky securities and is considering cutting as many as 8,000 jobs..... (See more)