Bank of America was sued today by the U.S. Attorney in New York City for "allegedly engaging in a scheme to defraud Fannie Mae and Freddie Mac."
The bank has been a familiar face in Washington over the years and has spent roughly $8 million on campaign contributions and lobbying since 2011, according to data from the Center for Responsive Politics.
So far in the 2012 cycle, Bank of America's PAC and employees have donated $3.4 million to candidates, parties, and other political committees, with Mitt Romney receiving roughly $1 out of every $5 in these donations.
Here are the top five:
1. Gov. Mitt Romney (R): $668,139
2. President Barack Obama (D): $169,112
3. Sen. Scott Brown(R-Mass.): $24,850
4. Sen. Bob Corker (R-Tenn.): $22,100
5. Sen. Dean Heller (R-Nev.): $20,500
Seventy-five percent of the contributions have gone to Republican candidates or committees--$2.4 million to $811,000 for Democrats. The $3.4 million in donations also represent a 12% increase from what was spent in all of 2008.