The leading source for credible citizen reporting

Report Your News
Take the tour...

Wall Street Rains money on US Senators---mostly Democrats.

Brandon : Canada | 2 months ago  
Views: 723

This is from this site. Although Republicans are no doubt thought of as being more pro-business than the Democrats since the Democrats are in power naturally more funds are going to Democratic senators. As the article points out some senators are particularly favored by Wall Street. These senators may not always actually act in the interests of Wall Street but they are powerful and so Wall St. does its best to influence legislation.

""""....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.

Of the $10.6 million the industry has given to sitting senators this year, more than $7.7 million has gone to Democrats. Schumer got his $1.65 million; his New York colleague Kirsten Gillibrand took in $886,000; Senate Majority Leader Harry Reid of Nevada received $814,000; Senate Banking Committee Chairman Chris Dodd of Connecticut scored $603,000; Colorado freshman Michael Bennet got $401,000; and Agriculture Committee Chairman Blanche Lincoln of Arkansas- who will have a big say on the derivatives portion of regulatory reform - got $336,000.

Among Republicans, the biggest recipient of financial-industry money so far this year is Richard Shelby of Alabama. But although he's the ranking Republican on the Banking Committee - ground zero for the regulatory reform bill in the Senate - he's received just $313,000 from the industry this year. ......

All told, 19 of the 22 senators on Dodd's Banking Committee have received checks from the financial industry this year, and each of those up for reelection in 2010 has received at least $180,000.

© 2009 Capitol News Company, LLC """"

  • Print
  • Share:
  • Share
  • Digg
  • Reddit
  • Facebook
  • Stumbleupon

Related Allvoices Contributions

News Stories
 
  • News Source: Androscoggin News | about 1 month ago
    Catching up on The Iconoclast , I came across this...Senator Blanche Lincoln, Chairman of the Senate Agriculture Committee, said today she opposes the farm subsidy program because it would be too expensive. “For some in my caucus, when they talk...
  • News Source: The New York Observer | 2 months ago
    If he’s right and it does, New York’s senior senator could emerge as the biggest political winner. Schumer is now engaged in an unofficial, informal, and (as far as we know) completely unspoken campaign that he and his competition will never...
  • News Source: Mother Jones | 2 months ago
    As Washington finally moves to address problems in the financial system, the White House is proposing only a modest shakeup of the existing regulations. The legislation that Rep. Barney Frank is spearheading in the House isn't much more ambitious.
  • News Source: The Day | 2 months ago
    President Barack Obama will visit Connecticut later this month for a fundraiser for Sen. Chris Dodd, the embattled senior Democratic senator. Obama will appear at the event on Oct. 23, the Dodd campaign announced Thursday. Details about the location...
  • News Source: Washington Post | 2 months ago
    The long quest to reform the nation's health-care system entered uncharted legislative territory early Friday when a key Senate panel wrapped up work on its bill and House and Senate leaders prepared for historic floor debates. The Senate Finance...
  • News Source: Reuters | 2 months ago
    President Barack Obama's push for a sweeping healthcare overhaul edged closer on Thursday to a major victory in the Senate Finance Committee, but the fight in Congress is only beginning. Obama's Democratic Party remains divided on key issues,...
Blogs
 >
  • Blog Source: infidelsparadise.com
    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 ...
  • Blog Source: blog.macroaxis.com
    Nonetheless, Politico's lead story is about just that: 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 ...
  • Blog Source: trueslant.com
    Coming in at the number one spot is New York Senator Charles Schumer, a member of the Senate Banking Committee, the third ranking member of the Democratic leadership in the Senate and often referred to as “Wall Street's Senator. ...
  • Blog Source: www.huffingtonpost.com
    In 2007, Wall Street's investments in Schumer paid off when the senator ran to the financial industry's defense, playing a key role in fighting off a tax hike on hedge fund and equity fund managers. ...
  • Blog Source: dealbook.blogs.nytimes.com
    Senator Charles E. Schumer, Democrat of New York, seems to be the most popular senator on Wall Street. He has managed to collect $1.65 million in donations from people in the industry since the start of the year, according to the Center ...
  • Blog Source: celebrumors.net
    Wall Street money rains on Schumer. Posted on28 September 2009. Schumer's $1.65M take from the financial services industry is nearly twice that of any other senator's. Leave a Reply. Click here to cancel reply. Name (required) ...
Images
 >
 
Videos
 >
 
Reported by northsunm32
Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Cell phones Cell phones use report code: @4261382

Most Popular Reports

Related Tweets

Related Allvoices Reports

Related People

Contributions

Help and Accounts


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc 2008-2009. All rights reserved.