Top Treasury Official Leaves For Lobbying Firm
First Posted: 03- 1-10 03:16 PM | Updated: 03- 1-10 04:04 PM
Just as Congress enters the final stretch of the financial regulatory reform effort, one of the Treasury Department's leading liaisons to the Hill, Damon Munchus, is bailing out to go work for a financial services lobbying and consulting firm.
Munchus was one of Treasury's chief negotiators with the House Financial Services Committee.
"This is not a mid-season trade in the NBA, where players just change jerseys and play the same way," said Rep. Brad Miller (D-N.C.), a member of the committee. "There should be at least some kind of cooling off period."
When he joined the Obama administration, Munchus -- like all other appointees -- signed an agreement not to lobby the administration for two years after leaving the government.
But the pledge says nothing about lobbying Congress, which is absolutely part of what Munchus will do for his new employer, The Cypress Group. more