For obvious reasons, Wall Street is always right on top of any legislation in Congress that has anything to do with the world of finance.
And, as you know, it’s not like Lloyd Blankfein is glued to C-SPAN. The Street has Washington watch-dogs that keep a careful eye on what’s happening on The Hill, but even they couldn’t do it without help.
At least, that’s what former lobbyist, Biden aide, and Senate staffer Jeff Connaughton writes in his new book, “The Payoff: Why Wall Street Always Wins.” The way he tells it, information has a bit of a journey before it gets from Washington to Wall Street, but it can happen in the blink of an eye.
Read more by Linette Lopez at Business Insider