BUSINESS
11/18/2009 05:12 am ET | Updated May 25, 2011

Ed Yingling Wins "Golden Throne" Award

The Center for Media and Democracy has unveiled new icon to go with Wall Street's golden parachutes and golden handcuffs: The Golden Throne, an award saluting the behind-the-scenes work of spinmeisters and lobbyists.

It's a golden toilet. Or at least it's a picture of a golden toilet, with a hundred dollar bill handy for the wiping.

The award's first recipient: Ed Yingling, president of the American Bankers' Association.

From the press release:

Few have done more to earn a place on this seat of honor. From his days as a cub lobbyist fighting to rid the nation of caps on interest rates, Glass-Steagall and other proven consumer protections to his recent yeoman's effort to keep bank fees unregulated and kill off the Consumer Financial Protection Agency, Edward Yingling has consistently been a true advocate for the American Bankster.

Read the rest here.

-- Arthur Delaney