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Bail them out, regulate them, then work for themTimothy P. CarneyWashington Examiner Jan. 20, 2011 |
 In the summer of 2008, Senate banking committee chief counsel Amy Friend helped bail out Bank of America and the rest of the mortgage industry. A couple months later, Friend helped craft the Great Wall Street Bailout. After that, she helped her boss, Sen. Chris Dodd, D-Conn., pass a sweeping financial regulation bill. On Tuesday, Friend started her new job on K Street as managing director at Promontory Financial Group, the self-described "premier global financial services consulting firm," to work with clients on "the regulatory implementation of the Dodd-Frank," according to the firm's press release. It's an unseemly storyline, but not a rare one in Washington: Bail them out. Regulate them. Then go to work for them. Read More 
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