“The alliances and relationships formed between public officials and private interests may at first seem counter-intuitive. A company may give more campaign money to a potentially hostile legislator than to a friendly one, in order to forestall trouble. For example, Senators Chuck Schumer (D-New York) and Harry Reid (D-Nevada) received large contributions from Wall Street hedge funds in 2007–2009 in an effort to head off a plan by House Democrats to tax the funds’ “carried interest” profits at regular income rather than capital gains rates. As a result, Democrats raised twice as much from hedge funds in the 2008 cycle and in 2009 as Republicans.”
Excerpt From: Lewis, Hunter. “Crony Capitalism In America.” AC2 Books. iBooks.
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I think the word for this is extortion.