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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElizabeth Warren Pushes To Slow Revolving Door Between Business and Government
A new bill that would ban private-sector bonuses to executives entering public service got a rousing endorsement on Friday from Sen. Elizabeth Warren, D-Mass., as she delivered a much-anticipated keynote address to the annual Netroots Nation convention.
Warren not only praised the bill No more paying people off to remember their Wall Street friends while they run our government, she said she also issued what was widely seen as a challenge to Democratic presidential front-runner Hillary Clinton.
Its a bill any presidential candidate should be able to cheer for, Warren told the gathering of progressives in Phoenix.
The bill was introduced on Wednesday by Sen. Tammy Baldwin, D-Wisc., and Rep. Elijah Cummings, D-Md. Titled the Financial Services Conflict of Interest Act, it would prohibit government employees from accepting bonuses from their former private sector employers for entering government service a remarkably common practice in Washington.
The bill would also force officials to wait longer to lobby or accept jobs in private practice following their government service. Government workers would also be forced to recuse themselves from official decisions that would directly impact their former employers.
https://firstlook.org/theintercept/2015/07/17/elizabeth-warren-bill-slow-revolving-door-government-big-business/
http://www.corpwatch.org/article.php?id=15846 (unrelated article -- using it for the picture)
orpupilofnature57
(15,472 posts)NealK
(1,890 posts)I can think of one who would, he's not enthusiastic about corruption, to say the least.
daleanime
(17,796 posts)EEO
(1,620 posts)Pretty disgusting.
JonLP24
(29,322 posts)Is it sarcasm? I'm not too familiar with Holder so don't know if it is one of those kind of make your company rich in office, come back to a bonus & a "Halliburton loophole".
Currently one of the last Attorney Generals John Ashcroft is currently on the Board of Directors of Academi (formally known as Blackwater). Believe it or not he's is or was the "Ethics Chief".
Blackwater's New Ethics Chief (from 2011 Xe is one of the name changes following Blackwater)
The consortium in charge of restructuring the worlds most infamous private-security firm just added a new chief in charge of keeping the company on the straight and narrow. Yes, John Ashcroft, the former U.S. attorney general, is now an independent director of Xe Services, formerly known as Blackwater.
Ashcroft will head Xes new subcommittee on governance, its backers announced early Wednesday in a statement. The subcommittee is designed to maximize governance, compliance and accountability and promote the highest degrees of ethics and professionalism within the private-security industry.
In other words, no more shooting civilians in Iraq and Afghanistan, no more signing for weapons its guards arent authorized to carry in war zones, no more impersonations of cartoon characters to acquire said weaponry, and no more roids and coke on the job. (With Ashcroft I see no reason why any of that would change, except do a better job of keeping secrets and manipulate the legal system into their favor)
Ashcrofts arrival at Xe is yet another clear signal its not giving up the quest for lucrative government security contracts now that its no longer owned by founder Erik Prince, even as it emphasizes the side of its business that trains law enforcement officers. In September, it won part of a $10 billion State Department contract to protect diplomats, starting with the U.S. consulate in Jerusalem.
http://www.wired.com/2011/05/blackwaters-new-ethics-chief-john-ashcroft/
This is the kind of thing that I find bothersome or more in-key with the issue Warren is pushing. With Holder I'd have to find out more but for me, it depends on what kind of law firm he is transitioning into.
Bold is my comment
On edit -- This is probably what got him the Blackwater job
After the September 11, 2001 attacks in the United States, Ashcroft was a key administration supporter of passage of the USA Patriot Act. One of its provisions, Section 215, allows the Federal Bureau of Investigation (FBI) to apply for an order from the Foreign Intelligence Surveillance Court to require production of "any tangible thing" for an investigation. This provision was criticized by citizen and professional groups concerned about violations of privacy. Ashcroft referred to the American Library Association's opposition to Section 215 as "hysteria" in two separate speeches given in September 2003.[14][15] While Attorney General, Ashcroft consistently denied that the FBI or any other law enforcement agency had used the Patriot Act to obtain library circulation records or those of retail sales. According to the sworn testimony of two FBI agents interviewed by the 9/11 Commission, Ashcroft ignored warnings of an imminent al-Qaida attack.[16]
In March 2004, the Justice Department under Ashcroft ruled that the Stellar Wind domestic intelligence program was illegal. The day after the ruling, Ashcroft became critically ill with acute pancreatitis. President Bush sent his White House Counsel Alberto Gonzales and Chief of Staff Andrew Card Jr. to Ashcroft's hospital bed. They wanted him to sign a document reversing the Justice Department's ruling. But the semi-conscious Ashcroft refused to sign; Acting Attorney General James Comey and Jack Goldsmith, head of the Office of Legal Counsel for DOJ, were there to back him up.[17]
On November 9, 2004, following George W. Bush's re-election, Ashcroft announced his resignation,[18] which took effect on February 3, 2005, after the Senate confirmed White House Counsel Alberto Gonzales as the next attorney general.[19] Ashcroft said in his hand-written resignation letter, dated November 2, "The objective of securing the safety of Americans from crime and terror has been achieved."[20]
https://en.wikipedia.org/wiki/John_Ashcroft#As_U.S._Attorney_General