Huff Post: Doing Banks' Bidding Knows No Party on K Street

Just when you thought it was safe to look at your 401(k) balance again, a new report from National People's Action and the Campaign for America's Future reveals that the pro-big bank deregulators who ruined our economy in government are now working for K Street lobby firms pressing to make the damage even worse.

The kicker is, as much as we might like to blame this mess solely on Republicans, it's Democrats who picked up Reagan's baton of deregulation. Robert Rubin and the Clinton Administration laid the groundwork for Wall Street to swallow Main Street whole. And now the top K Street lobbying firm doing big banks' bidding is not run by a former Tom Delay or Mitch McConnell aid -- it's run by Steve Elmendorf, former chief of staff to Democratic Rep. Dick Gephardt. And Elmendorf's team includes former top staffers to Democrats including Majority Leader Sen. Harry Reid and Sen. Paul Sarbanes.

Both parties should be ashamed. Unlike Arizona cops, the revolving door between K Street and Capitol Hill knows no color. Red, blue, elephant, donkey -- come one, come all to the K Street carnival! Whatever ethical guilt you might feel will be more than offset by the generous pay package!

Read more at HuffingtonPost.com