Thursday, November 3, 2016

Bayh's Back: Running to Protect PEU Interests

Indiana Senator Evan Bayh retired from Congress in 2010 due to the toxic nature of hyper-partisan politics.  If political discourse hasn't improved the last six years why does Evan Bayh want his old seat back?  To protect the PEUs he's served, giant lobbying firm McGuire Woods and Apollo Global Management, one of the huge private equity underwriters sponsoring Bayh's return to Congress.   Others include Bain Capital, The Carlyle Group and Eton Park Capital.  They'd love to have Senator Evan back in power to block bills that rectify long term PEU preferred taxation.