Biting the Hand That Feeds You


	Biting the Hand That Feeds You

Brian Wingfield

2-12-2009 2:33 PM

1094 views

Brian Wingfield says:

Interesting analysis from the Center for Responsive Politics. Nearly every member of the House Financial Services Committee, which chastised bank CEOs Wednesday, took campaign contributions linked to those very banks.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/04bc6ffd-d3ad-4a37-afd4-fae13efaea2d/98064701-468C-4AB9-8C83-F607241654B1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.opensecrets.org/news/2009/02/financial-services-members-to.html" href="http://www.opensecrets.org/news/2009/02/financial-services-members-to.html" style="font-size: 11px;">www.opensecrets.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.opensecrets.org/news/2009/02/financial-services-members-to.html"><DIV>
            The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout funds may find that the hot seat is merely lukewarm. Nearly every member of the committee received contributions associated with these financial institutions during the 2008 election cycle, for a total of $1.8 million. And 18 of the lawmakers have their own personal funds invested in the companies. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.opensecrets.org/news/2009/02/financial-services-members-to.html"><DIV>All of the companies represented at the hearing have received millions, even billions, from the government's Troubled Assets Relief Program (TARP), including <A href="http://www.opensecrets.org/orgs/summary.php?cycle=A&type=P&id=D000000085">Goldman Sachs</A>, <A href="http://www.opensecrets.org/orgs/summary.php?cycle=A&type=P&id=D000000103">JPMorgan Chase</A>, Bank of New York Mellon, <A href="http://www.opensecrets.org/orgs/summary.php?cycle=A&type=P&id=D000000090">Bank of America</A>, State Street Corporation, <A href="http://www.opensecrets.org/orgs/summary.php?cycle=A&type=P&id=D000000106">Morgan Stanley</A>, <A href="http://www.opensecrets.org/orgs/summary.php?cycle=A&type=P&id=D000000071">Citigroup</A> and Wells Fargo. These companies' PACs and employees gave $10.6 million to all members of the 111th Congress in the 2008 election cycle, with 61 percent of that going to Democrats. </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/98064701-468C-4AB9-8C83-F607241654B1/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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