2016 Postmortem
In reply to the discussion: Since when is prosperity for all a "white" issue? [View all]BernieforPres2016
(3,017 posts)And no, it's not from a right wing website, it is from a progressive website.
http://breakingbrown.com/2014/06/revealed-how-the-cbc-leverages-blackness-to-work-as-a-tool-for-wall-street/
<The report details how a group of former CBC staffers turned lobbyists formed an informal group called the Washington Government Relations Group. Instead of the group using its formidable political knowledge to further the interests of black people, they chose instead to use their talent and connections to lobby the CBC on behalf of Wall Street. The lobbying industry even has a term for these black lobbyists: CBC specialists.
Since the CBC tends to vote as a bloc, and, as CBC head Marcia Fudge admits, most of them dont know much about financial services law and usually defer to CBC members on the financial services panel, the CBC is an easy mark for sophisticated lobbyists. Its also easy because, as HuffPost notes, white lawmakers arent quick to criticize the CBC. A lobbyist explained to HuffPost how it works:
We go right to the CBC because they are open-minded and they often vote as a bloc, he says, asking for anonymity because he frequently relies on CBC members for support on deregulation bills. And the professional left is scared of them. Every white liberal media, politician, advocacy group knows better than f*cking with a CBC member.>