TheAdvocateOne year ago, former U.S. Rep. Richard Baker, R-Baton Rouge, stepped out of Congress to become the chief lobbyist for the trillion-dollar hedge fund industry and walked right into the economic tornado swirling through the nation.
“I don’t have too many irons in my fire,” Baker recently said. “I have too many fires in my irons.”
Now head of the Managed Funds Association in Washington, Baker’s one-year ban on lobbying former colleagues in Congress ended Monday.
He now expects to be going to Capitol Hill frequently to appear as a witness at congressional hearings. Neither Baker nor the association disclosed his salary, although some media report it to exceed $1 million a year.
