Race you to the bottom. House Financial Services Chairman Jeb Hensarling decided to take some of his constituents with him on a ski trip, no not the people of Texas’ 5th congressional district, Hensarling’s real constituents, Wall Street.
In January, Rep. Jeb Hensarling, R-Texas, ascended to the powerful chairmanship of the House Financial Services Committee. Six weeks later, campaign finance filings and interviews show, Hensarling was joined by representatives of the banking industry for a ski vacation fundraiser at a posh Park City, Utah, resort.
The congressman’s political action committee held the fundraiser at the St. Regis Deer Valley, the “Ritz-Carlton of ski resorts” known for its “white-glove service” and for its restaurant by superstar chef Jean-Georges Vongerichten.
White glove service? Well, of course, nothing but the best for these tireless public servants.
Among those attending the weekend getaway was an official from the American Securitization Forum, a Wall Street industry group, a spokesman confirmed. It gave $2,500 in February to Hensarling’s political action committee, the Jobs, Economy, and Budget (JEB) Fund…
Visa, which gave the JEB Fund $5,000, also sent an official…
Hensarling recently barred the head of the new Consumer Financial Protection Bureau from appearing before the House Financial Services Committee, citing a legal cloud over recess appointments made by President Obama.
One white glove washes the other. Some cash for attacking a financial services regulator then we can hit the slopes.
Has corruption become so routine that Hensarling thinks this acceptable? Going on ski trips with people he is supposed to be regulating while taking money from them. Nowhere else in the developed world is this kind of coin operated government tolerated. It is hard to believe anyone supposed to be regulating Wall Street could lack as much integrity as Spencer Bachus, but here it is. Of course Bachus admitted his corruption to his local newspaper, no one was supposed to know about Hensarling’s corruption.