financial regulation

Romney and Wall Street: Friends with Benefits

Somehow this isn't very surprising. Bloomberg reports today on the contuing shift in financial support of Wall Street executives from President Obama to Republican presidential hopeful, and friend of the banks, Mitt Romney.

NEW PCAF REPORT: Wall Street Money or Tea Party Energy?

Public Campaign Action Fund released a report today detailing the campaign contributions winning Tea Party candidates received from Wall Street interests in the 2010 election cycle. These 52 candidates, identified by ABC News as “Tea Party Winners, received at least $11.1 million from the finance, insurance, and real estate sector in the 2010 cycle. 

Sen. Cornyn raising money tomorrow - the day of financial industry vote

Tomorrow, Sen. Jeff Cornyn is scheduled to attend, "Margaritas and Mariachi," a National Republican Senatorial Committee (NRSC) fundraiser—the same day we might see a cloture vote on the financial overhaul legislation.

 

Also this week, Sen. Bob Menendez will continue to push his legislation to increase the economic liablility caps for companies like BP from $75 million to $10 billion.

 

No=dough

The Wall Street Journal blog has a story today on how for the first time since 2004, Republicans, who are benefiting from staunchly opposing financial regulation legislation, are the recipients of more Wall Street campaign cash than Democrats.

 

"The change of allegiance comes as Congress closes in on legislation that would overhaul financial services regulations. Democrats back an aggressive bill that has been so far blocked in the Senate by Republicans."