The Great 2010 Cashout: Evan Bayh becomes a hedge-fund lobbyist 

Former Banking Committee member Evan Bayh got his payday:

Apollo Global Management, LLC (together with its subsidiaries, "Apollo" or the "Company") today announced that former Senator Evan Bayh (D-Ind.) has joined the Company as a senior advisor with specific responsibility for policy issues.

Mr. Bayh most recently served as Indiana’s junior Senator, where he chaired the Banking, Housing and Urban Affairs’ Subcommittee on Security and International Trade and Finance. Senator Bayh also served on the Armed Services Committee, the Energy and Natural Resources Committee, the Select Committee on Intelligence, the Small Business Committee and the Special Committee on Aging. Mr. Bayh, who was elected to the U.S. Senate in 1998, announced last year that he would not seek a third term.

As I said Monday: Bail them out, regulate them, work for them.

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Timothy P. Carney

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