The "Big Four" Banks Have Spent More Than $170 Million Since 2000 Influencing Politicians

Submitted by Johnny Papagiannis on Wed, 01/13/2010 - 1:55pm.

A Huffington Post story today details the huge amount of campaign cash and lobbying expenses that have been doled out by the "Big Four" banks since 2000. The CEO's of the banks are appearing before the Financial Crisis Inquiry Commission today to discuss the financial industry collapse.

 

"The commission is investigating systemic risk and other matters that led to the meltdown in the financial markets," said David Donnelly, national campaigns director, Public Campaign Action Fund. "They should also investigate the systemic risk of letting these banks continue to 'own the place' to quote Sen. Dick Durbin."

 

For the whole story, click here.

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Yes, I agree that the bank should not own private anymore and again a part of the government. I do not mean in a control situation but to keep the balance in check.

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Nice thread i like and appreciate you for this you are doing great work. They should also investigate the systemic risk of letting these banks continue to 'own the place' to quote Sen. Dick Durbin.


Submitted by 642-533 Testking (not verified) on Tue, 08/31/2010 - 4:11am.

I think the influence that banks have on politicians is a major reason that the financial crisis in our country still has not been fixed.


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Submitted by jimmy choos (not verified) on Sun, 08/29/2010 - 5:20am.

Stories like this allow you to understand why the banks were bailed out with so much of our public money.

170 million seems like loose change in comparison to the billions expended in keeping the bankers in their jobs.


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It is alarming to learn how much influence the banks have on our elected officials. I thought these people are supposed to serve the people.


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Submitted by cadee (not verified) on Wed, 08/25/2010 - 12:46pm.

"The "Big Four" Banks Have Spent More Than $170 Million Since 2000 Influencing Politicians". They should, it's what drives them.


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It is sickening to learn how influence banks have too over elected officials. It shows that these people are serving the interests of corporate America rather than citizens.


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more tha just politicains banks have rampant influnce on all of us, thats sickening. Though the politician issue is so old now it's not shocking at all.


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