Financial reform: Too many lobbyists?

Now that the Senate has passed a financial overhaul bill, House and Senate negotiators must get together to merge their versions of the bill. Negotiations could be tough, but lawmakers undoubtedly will get a lot of help from lobbyists.

Businesses already have hired five financial lobbyists for every member of congress and spent at least $1.3 billion to influence lawmakers on financial reform, according to The Center for Public Integrity, an investigative journalism organization.

With that many lobbyists yammering away on just one issue, it’s a wonder congress gets anything done.

Read the Center for Public Integrity report here.