Earlier this month, MSNBC's Chris Hayes obtained a secret memo written by a lobbying firm, Clark Lytle Geduldig & Cranford and addressed to one of CLGC’s clients, the American Bankers Association. The author of that memo is set to co-host a fundraiser on behalf of Mitt Romney.
CLGC’s memo proposes that the ABA pay CLGC $850,000 to conduct “opposition research” on Occupy Wall Street in order to construct “negative narratives” about the protests and allied politicians. The memo also asserts that Democratic victories in 2012 would be detrimental for Wall Street and targets specific races in which it says Wall Street would benefit by electing Republicans instead.
According to the memo, if Democrats embrace OWS, “This would mean more than just short-term political discomfort for Wall Street. … It has the potential to have very long-lasting political, policy and financial impacts on the companies in the center of the bullseye.”
The memo also suggests that Democratic victories in 2012 should not be the ABA’s biggest concern. “… (T)he bigger concern,” the memo says, “should be that Republicans will no longer defend Wall Street companies.”
Politico reported Monday that Sam Geduldig of Clark, Lytle, Geduldig & Cranford will be one of many co-hosts of a Young Professionals for Mitt Romney fundraiser next month. Geduldig previously was a top adviser to House Speaker John Boehner (R-OH).
Think Progress reports that "This year, Geduldig has lobbied on behalf of various finance industry clients, including the ABA, Financial Services Roundtable, Financial Services Forum, MasterCard, American Insurance Association, and Koch Industries (which engages in significant commodities trading activities)."