In a preview of this weekend's Moyers & Company, I talk with What's the Matter With Kansas? author Thomas Frank about the friendly faces greeting Jamie Dimon when he appeared before the Senate Banking Committee this morning. Seven members of the committee were big recipients of money from the megabank.
Frank describes the revolving door of employment between government and corporate America, especially when it comes to Congressional staffers-turned-lobbyists.
"Staffers know they could drop what they're doing and go work for a lobby firm and make fantastic money... They want to please these companies -- even when they don't work for those companies -- because that's their future employer and everybody knows it."
Frank's most recent book is Pity the Billionaire.
Watch the full episode on Moyers & Company this weekend. Check your local listings.