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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (9978)3/26/2009 4:31:47 PM
From: DuckTapeSunroof  Respond to of 103300
 
Re: "it prevents banks from taking depositors money to the Casino!"

I think you have put your finger on it... and believe that is the industry's MAIN objection.



To: Wayners who wrote (9978)3/26/2009 4:59:03 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
a few fun facts:

* From 1998-2008 the financial sector comprising the finance, insurance and real estate industries, contributed a total of $1.738BN to various political candidates. Additionally the group spent $3.3BN on officially registered lobbyists.

* This was made up of $154MM in campaign contributions and $383MM in lobbying by Commercial Banks, $81MM and $122MM in those respective categories by Accounting firms, $220 and $1.1BN by Insurance companies and $512MM by Securities firms.

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