The Federal Trade Commission (FTC) is ground zero for Crony Capitalism fights and President Donald Trump expected nominee to become Chairman, Utah Attorney General Sean Reyes, would pull the FTC out of the D.C. swamp.
As somebody who worked on Capitol Hill for years, I witnessed business interests coming to Congress to demand investigations of opponents. The lobbyists would ask for either a hearing in the House or Senate, or an investigation by an arm of the executive branch. We have evidence of special interests coming to the FTC to push them to investigate opponents.
One example was reported on March 13, 2014 in the Boston Globe that hedge fund billionaire William A. (Bill) Ackman, founder of Pershing Square Capital Management had lobbied Sen. Ed Markey (D-MA) to send a letter to the FTC to investigate the vitamin and health food shake company Herbalife.
The Wall Street Journal is reporting…