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Financial Bailout: Lobbyists’ Donations to House Financial Services Committee
The chairs and ranking members of the House Financial Services Committee and its subcommittees have received less from lobbyists hired by financial and investment firms compared with members of the Senate Banking Committee from the eight firms we surveyed. Six of the 12 chairs and ranking members received more than $144,000 in the first six months of this year.
Committee chairman Rep. Barney Frank, D-Mass., received the most, totaling $63,500. Since Jan. 2008, Frank has received at least $55,000 from lobbyists working for influential Washington lobbying firm DLA Piper and their PAC. During that time DLA Piper has represented various investment and security companies including American International Group, Lehmann Brothers and Merrill Lynch.
Here’s a look at the other members:
Member of Congress
Total Contributions
Rep. Barney Frank
$ 63,500.00
Rep. Carolyn Maloney
$ 26,500.00
Rep. Maxine Waters
$ 20,800.00
Rep. Shelley Capito
$ 19,258.00
Rep. Melvin Watt
$ 9,500.00
Rep. Judy Biggert
$ 4,500.00
Note: This research is based on our analysis of forms LD-203, on file with the Senate Office of Public Records.
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Until the federal and state governments pass a Fair Elections law, this is the way government will work. Without Fair Elections, we don’t have democracy.
2:11 pm on Sep 27, 2008It should be illegal for any public or elected official to receive or accept any money or perks of any type. This is the problem with politicians today. They are not patriots trying to lead a nation, they are bloodsuckers trying to get rich.
4:12 pm on Sep 27, 2008