Wall Street Donated $41 Million to Supercommittee Members

[nashville_brook]

http://coreyrobin.com/2011/09/26/melissa-harris-perrys-non-response-response-to-her-critics/

Wall Street Donated $41 Million to Supercommittee Members
Monday 26 September 2011
by: Mike Ludwig, Truthout | Report

snip

"Wall Street bought the deregulation that led to our economic collapse and the American public has paid the price," said Nick Nyhart, president and CEO of Public Campaign, the group that co-authored the report. "The supercommittee should not give Wall Street and big banks another free ride because of their campaign cash."

Congressional veterans Sen. John Kerry (D-Massachusetts) and Sen. Max Baucus (D-Montana) top the list, having each received about $6 million in contributions from the financial sector during the course of their careers in Washington. The top GOP recipient on the committee, Sen. Jon Kyl (R-Arizona), has received $5.2 million from the sector.

Donations from the political action committees and executives of Bank of America, JPMorgan Chase and Wells Fargo - banks that received $95 billion in federal bailout funds - account for one-fifth of the $4.3 million in campaign cash donated by commercial banking interests to the 12 supercommittee members.

Supercommittee co-chair Rep. Jeb Hensarling (R-Texas) received the most from the big banks. Bank of America, JP Morgan Chase and Wells Fargo have given Hensarling a total of $188,962 during his Congressional career. Hensarling also serves as the vice chair of the House Financial Services Committee and has received a total of $3.9 million from financial interests.

more at link

Open Secrets - Profiles of the Debt Supercommittee
http://www.opensecrets.org/news/reports/supercommittees.php

[DJ13]

1. Bought & Paid For

[emilyg]

2. Most of Washington is.

[Bryn]

3. Then supercommittees should be arrrested for bribe

Keep money out of politics. Conflict of interest. I am wondering why this is even allowed? It's so unethical!

[Fire Walk With Me]

4. Would the racketeering laws apply?

[midnight]

5. I guess many of us thought the super secrecy of the super committee

was going to be a problem because of all the corporate money.... Now the offenders who created a climate of debt "the banks" are paying our super committee off... So now we know for sure the super committee works for the super rich....

[cutlassmama]

6. all that money wasted while it could have to shelter and feeding the homeless

[malaise]

7. They are owned by Wall Street n/t