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Financial Bailout: Lobbyists’ Donations to Senate Banking Members
In-house lobbyists and other major Washington lobbying firms hired by eight investment and securities companies have given Senate Banking Committee members more than $380,000 in campaign donations in the first six months of 2008, according to the LD-203 lobbying disclosures filed with the Senate Office of Public Records.
Lobbyists and company political action committees working on behalf of eight companies that have been involved in Wall Street’s financial turmoil have made donations to 15 of the 20 Senators on the committee. (The eight investment companies included here are American International Group, Bears Stearns, Citigroup, Goldman Sachs, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch and Morgan Stanley. obviously, many other firms have interests in the financial bailout legislation now being considered by Congress. We chose this sampling because these firms rank among the top contributors to many of the key members.)
Here’s a quick look at how much each member on the committee has received:
Senator
Contribution Amount
Elizabeth Dole
$ 66,400.00
Jack Reed
$ 55,050.00
Richard Shelby
$ 46,850.00
Tim Johnson
$ 46,622.00
Chris Dodd
$ 36,500.00
Evan Bayh
$ 32,000.00
Charles Schumer
$ 21,500.00
Michael Enzi
$19,250.00
Robert Bennett
$12,500.00
Mike Crapo
$10,550.00
Tom Carper
$10,376.00
Sherrod Brown
$ 8,000.00
Mel Martinez
$ 6,000.00
Jim Bunning
$ 5,000.00
Robert Corker
$ 4,250.00
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[...] ← Financial Bailout: Lobbyists’ Donations to Senate Banking Members [...]
3:28 pm on Sep 26, 2008You can see that democrats and republicans both get money. If they did not, would they be considering bailing out these companies, who got themselves into this loss, by mismangement?
8:43 pm on Sep 26, 2008