Wall Street

House GOP Seeks Days of Wall Street Yore, With Eye on Campaign Cash Future

"Republicans on the House Financial Services Committee are having a campaign fundraiser this week," says the New York Times editorial today. Not literally; that wouldn't be unusual.

Sen. DeMint to Finance Committee?

Roll Call reports this morning that the possibility of Sen. Jim DeMint (R-S.C.) being named to the Senate Finance Committee has gone up considerably now that Sen. Johnny Isakson  (R-Ga.) backed out of consideration.

Wall Street Lobbies Big In 1st Quarter

The Wall Street Journal reports today (via our friends at ThinkProgress), that “Wall Street and the financial industry spent more to lobby Washington in the first quarter of this year than a year ago when Congress was writing sweeping financial-overhaul legislation.”

More Wall Street influence in Washington?

After Wall Street spent $293 million on campaign contributions in the 2010 cycle and hired nearly 2,500 lobbyists last year to rack up $471 million in lobbying, you’d think Wall Street would have its bases covered in the DC influence game.*

Wrong.

NEW RESEARCH: HOUSE FINANCIAL SERVICES COMMITTEE MEMBERS RECEIVED NEARLY $70 MILLION FROM WALL STREET INTERESTS

The House Financial Service Committee is holding a hearing today on the findings of the Financial Crisis Inquiry Commission. Here are short fundraising profiles of three key committee members, based on new research released today by Public Campaign Action Fund:
 

A Return On Their Investment?

The Washington Post has a story today on how corporate donations to the new Republican leaders in he House has soared since last November's elections. The surge in corporate campaign dollars comes as the new leadership is working to repeal or scale back legislation that Wall Street and Health Care interests fought hard against in the last Congress.

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. 

Michele Bachmann's Stand for Wall Street

Rep. Michelle Bachmann (R-Minn) will soon introduce legislation that would repeal the financial reform bill passed by the last Congress, according to a report last night from the Minneapolis Star Tribune. She’s already sent out a “Dear Colleague,” letter to her fellow members urging them to sign on as original co-sponsors of the legislation.

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."

What Are They Buying, Rep. Cantor?

Public Campaign Action fund and Common Cause issued a press release today in response to House Minority Whip Eric Cantor's (R-Va.) quote in the Wall Street Journal asking if Wall Street had "buyers remorse" for giving campaign cash to Democrats.