Wall Street money rains on Schumer

[mdmc]

Source: yahoo

Wall Street has showered nearly $11 million on the Senate since the beginning of the year, and more than 15 percent of it has gone to a single senator: Democrat Chuck Schumer of New York.

Schumer’s $1.65 million take from the financial services industry is nearly twice that of any other senator's — and more than five times what the industry gave to any single Republican senator.

While the industry has scaled back its political spending in the wake of last year’s economic collapse, data from the Center for Responsive Politics show that it’s still investing heavily in the Senate, where it’s likely to have its best shot at stopping — or at least shaping — the crackdown on Wall Street that President Barack Obama has proposed.



Read more: http://news.yahoo.com/s/politico/20090928/pl_politico/27643

---

those with the gold...

[the blues]

1. K&R

Noted.

[Nicholas D Wolfwood]

2. I hardly find that to be news. (Not that it isn't noteworthy, of course.)

I would be shocked if the Senator representing the state where Wall Street is located, whom is also sitting on the relevant committee, weren't showered with money. This shouldn't come as any surprise to anyone who can do basic math.

[Laughing Mirror]

3. 11 million is mere crumbs off a Wall Street banquet table

How cheaply bought off are our public servants who scarf up those crumbs.

[DJ13]

4. They sell themselves cheap, dont they

[robo50]

5. Remind us all, now, where does Schumer stand on issues of

regulation for the stock, bond, and derivatives markets?

Does he think everything is A OKAY?

[hughee99]

13. Come on now, Sen. Schumer believes strongly

in keeping an open mind and waiting until everyone's checks have cleared... sorry, I mean everyone's voices have been heard, before making his decision.

[RandomThoughts]

6. Remember where that 11 million came from.

You could say it came from bailouts, or you could say it came from skimming from retirement and pension accounts. What right do they have to spend that money for social control?

[Libertas1776]

7. Schumer is scum

and I absolutely detest him. I wish NYers would ride him out of the state on a rail.

[brentspeak]

8. People laugh at residents of the Red States for electing/reelecting corrupt clowns

But how can, say, California and NY state residents feel good about themselves reelecting their own corrupt clowns like Diane Feinstein and Chuck Schumer?

[ArcticFox]

10. As one California resident

I can say that not all of us feel good about reelecting Senator Feinstein.

I once wrote her email asking why in the heck she voted for a particular piece of legislation that was bad for the people of her state. Her staff responded with something like "the Senator would have preferred a better bill." They didn't respond to my suggestion that IF YOU WOULD PREFER A BETTER BILL, THEN DON'T VOTE FOR THE WORSE ONE.

It's not just Feinstein, though. A good number of representatives and senators are all too happy to compromise even when it is not necessary. The oft-cited need for bipartisanship is BS too.

How come the Democrats can't do what the Republicans did during Bush's first 6 years and cram all that legislation down? Is it simply that Republicans don't roll over like Democrats do, or are the Democrats only pretending to be on our side?

[onethatcares]

12. anytime money is involved in that magnitued

it's corruption. What other word could be used? Give me 11.5 million dollars, no give it to my committees, that way I don't have to account for how it's spent.

This country is farked, beyond repair, beyond what we see on the surface. 100 Senators control the lives of 350 million people and they don't give a rats' ass for anything but how much they are going to get for themselves.



Oh, and btw, they're all one party, it's just been a joke on us.

[ArcticFox]

15. Sad to say it

But I know you're right.

[saigon68]

18. Ah yes Chuck Scummer

Friend of deer hunters in Wisconsin

</Sarcasm> Another draft dodging scum bag

[Zorra]

9. Corporate contributions to politicians must be put to a stop. End. Of. Story. n/t

[NYC Democrat]

11. not good at all but at least Schumer is decent on health care.

[Wilms]

14. k&r n/t

[nyc 4 Biden]

16. If you were a Wall St. fat cat who would you give to?

Most Wall St. Companies are in New York.

Schumer is really the only choice out of the two NY senators to be in office for a while.

I'm sure most Casinos give to Senators from Nevada and Credit Card companies give to Senators from Delaware (like Biden used to be).

I'm not saying it's right, I'm just saying I'm not surprised. Money will always flow to those in a position to most benefit the moneyed interests. Thats why the Dems are raking in the cash these days.

[scheming daemons]

17. If they're going to be giving out dough... better him than some Republican

[rmp yellow]

19. The source is Politico. And do you have evidence that Schumer's voting record is pro-Wall Street?

Yahoo sounds nicer than Politico, the GOP stenographer. You may want to change your source. Yahoo is a news agregator that picks up articles from different sources, and in this instance it picked up an article written by Politico.

The data is accurate, but Politico makes the stupid assumption that Schumer is in the pocket of Wall Street. If that's the logic, Kerry is in the pocket of Big Health. Go see how much they give Kerry.
We'd like to read interest group ratings or a similar vote analysis.