Investment Firms Make Money the Old-Fashioned Way: They Bribe People

by

USA Today had a nice piece this morning reviewing an interesting habit of investment management firms, of contributing large amounts of money to elected state officials who have control over the investment of pension fund money. For those trivia fans out there, yes, well-known billionaire and Social Security foe Peter Peterson is on the list of big givers.

--Dean baker

TAP depends on your support

We’ve said it before: The greatest threat to democracy from the media isn’t disinformation, it’s the paywall. When you support The American Prospect, you’re supporting fellow readers who aren’t able to give, and countering the class system for information. Please, become a member, or make a one-time donation, today. Thank you!