House once again effectively renders reform legislation worthless.

http://m.denverpost.com/denverpost/db_108615/contentdetail.htm?contentguid=eas7T0Yx

The first thing that jumps out at me from this story is that apparently a $400 million industry built around directly selling American political intelligence to American companies.  With about as much regulation as a 10 year old’s lemonade stand.  This certainly explains a lot about the relationship between the stock market and congress.  It doesn’t surprise me that this exists, but it does surprise me that the people doing this don’t even have to identify themselves as such.  A provision requiring them to do so, which passed in the senate, was stripped from the house version that was recently passed.  Stripped by the King of Pandering Objectivist Nerd Whiners (an ever expanding category) Eric Cantor.  Go Democracy!

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