"John Broder of The New York Times has an interesting piece on Al Gore’s financial profit tied to his global warming alarmism and push for renewable energy. Gore’s venture capital firm invested in Silver Spring Networks, a company that makes hardware and software to improve efficiency in the...
Law firm on both sides of Fed loan program
"One of the law firms hired to provide legal work for the Treasury Department on a multibillion-dollar federal loan program also lobbied Congress for a private client pushing to expand the same government initiative, records show.
The Treasury Department retained Sonnenschein, Nath & Rosenthal LLP more than a year ago to provide legal advice on the Federal Reserve’s Term Asset-Backed Securities Loan Facility (TALF), a program aimed at boosting lending to small businesses and consumers.
While advising the government on TALF last year, the law firm also lobbied Congress for the Recreational Vehicle Industry Association (RVIA), an industry group seeking to expand TALF to include recreational vehicle loans.
'Clearly, this could pose a conflict of interest and this is something Treasury should have been fully informed about,' said Craig Holman, legislative representative for Public Citizen, which monitors lobbying activities in Congress.
A spokesman for Sonnenschein said the law firm’s work for Treasury and the trade group never overlapped.
'With respect to our work for the RVIA regarding TALF, as disclosed in public filings, our representational activities were directed exclusively before Congress,' law firm spokesman Jeffrey Mutterperl said. 'We are extremely vigilant in meeting our professional obligations to all of our clients.'"
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