Wednesday, February 24, 2010
Dan Eggen and Tomoeh Murakami Tse, Washington Post,
Dan Eggen and Tomoeh Murakami Tse, Washington Post,
Wall Street shifting political contributions to Republicans
Not that this bit of news should come as any surprise to anyone who follows politics, but commercial banks and high-flying investment firms have shifted their political contributions toward Republicans in recent months amid harsh rhetoric from Democrats about fat bank profits, generous bonuses and stingy lending policies on Wall Street.
Commercial banks and their employees also returned to their traditional tilt in favor of the GOP after a brief dalliance with Democrats, giving nearly twice as much to Republicans during the last three months of 2009, the data show.
The nascent shift came even before the White House announced proposals for a new tax on banks and a curb on some of their riskiest trading activities. [WAPO]
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Posted by Editor on 02/24/10 at 09:10 AM •
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