Are Tea Party Congressmen being bribed by the big banks?

1 post / 0 new

Tea Party freshmen in Congress are cozying up with the very same big banks they railed against to win their elections in 2010. Despite running on platforms against the bank bailout – ten freshman Republicans on the House Financial Services Committee are now happily accepting campaign donations from those very same bailed out banks.

Looking at campaign finance disclosure records, these lawmakers have taken nearly $170,000 from PACs connected to big banks like JP Morgan Chase, Bank of America, and Goldman Sachs. And those investments look to be worthwhile as Republicans on the Committee work to defund key Wall Street reforms and block the Volcker Rule, which will prevent banks from gambling with your money.

As the Republican Chairman of the House Financial Services Committee – Spencer Bachus – said, “the regulators are there to serve the banks.”

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 10:59 am

Latest Headlines

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict

Will the Arctic Be Ice-Free Within the Next Two Decades?

David Appell, Yale Climate Connections, is asking the question - Will the Arctic Be Ice-Free Within the Next Two Decades?

When white sea ice melts, the ocean loses its reflective surface and the darker water absorbs more heat from the sun.

Powered by Pressflow, an open source content management system