Lugar Did NOT Lose To The TeaParty---The BANKS Did Him In-To Punish Him For Voting AGAINST Wall St

[kpete]

Bank lobbyists coordinated “Tea Party” challenge to Richard Lugar to punish him for voting against Wall Street
By Gaius Publius on 5/09/2012 09:15:00 AM

If you don't see through the correct lens, you just don't see.
Tea Party vs newly-lovable Richard Lugar? No. Wall Street vs its enemies.

Lee Fang, writing for the fabulous Republic Report, tells the tale:

Bank Lobbyists Coordinated “Tea Party” Challenge To Senator Lugar To Punish Him For Voting Against Wall Street

........... “The banking industry is making an example of Sen. Dick Lugar.”

In a rare loss for Wall Street, the Senate last year rejected legislation to delay a rule to limit the amount banks can charge businesses for credit card swipe fees. (Pause; absorb that. Now read on.)

The financial industry mounted an incredible lobbying campaign — as Bloomberg reported, banks hired high priced K Street hacks, used conservative blogs like RedState, and developed Beltway advertising — to pass the measure.

But a coalition of big box retailers, like Wal-Mart and Target, along with small businesses and other vendors, persuaded enough legislators from both sides of the aisle to kill the measure and limit the fees. The rule affected some $16 billion in bank profits.

Lugar was among the few Republican senators up for reelection in 2012 to vote against the banks.

way more:
http://www.republicreport.org/2012/lugar-vote-bankers/
http://www.americablog.com/2012/05/bank-lobbyists-coordinated-tea-party.html

[hifiguy]

1. Veery Eenteresting, as Arte Johnson used to say.

Very interesting indeed.