Monday, February 08, 2010

Bankers give money to Republicans because they don't want to be "kicked around" anymore

Bankers don't seem to be feeling any remorse for triggering the biggest financial crisis since the Depression and then getting bailed out by the government. They're not going to take it anymore! Well, they might take more money, but they're not going to put up with regulations and limits on their bonuses.

Wall Street Throwing More Money at Republicans
Feb. 8, 2010

Fed up with name-calling and increased restrictions from the Obama administration, bankers are shifting financial support to Democratic opponents in the Republican party.

Bank officials say Wall Street is sending a message: “The expectation in Washington is that ‘We can kick you around, and you are still going to give us money,’ ” one top official at a major Wall Street firm tells the Times.

“We are not going to play that game anymore.”...

In a Message to Democrats, Wall St. Sends Cash to G.O.P.

New York Times
Published: February 7, 2010

...this year Chase’s political action committee is sending the Democrats a pointed message. While it has contributed to some individual Democrats and state organizations, it has rebuffed solicitations from the national Democratic House and Senate campaign committees. Instead, it gave $30,000 to their Republican counterparts...

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