Government for Sale: How Lobbyists Shaped the Financial Reform Bill

Two weeks ago, along a marble corridor in the Rayburn House Office Building in Washington, I watched about 40 well-dressed, well-coiffed men (and two women) delivering huge value for their employers. Except that we, the taxpayers, weren't employing them. The nation's banks, mortgage lenders, stockbrokers, private-equity funds and derivatives traders were.

They were lobbyists — the best bargain in Washington. And even amid a popular revolt this year against the moneyed interests they represent, they delivered huge returns.

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