Wall Street Donated $41 Million to Supercommittee Members

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http://www.truth-out.org/wall-street-donated-41-million-supercommittee-members/1317066056


Wall Street has given $41 million in campaign contributions to the members of the Congressional "supercommittee" charged with finding $1.5 trillion worth of deficit reduction measures, according to a report released today by two watchdog groups.

The finance, insurance and real estate sector spent $3.7 billion on lobbying and campaign contributions from 1999 to 2008, according to the report, and the 12 members of the bipartisan Joint Select Committee on Deficit Reduction have all reaped the benefits.

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Congressional veterans Sen. John Kerry (D-Massachusetts) and Sen. Max Baucus (D-Montana) top the list, having each received about $6 million in contributions from the financial sector during the course of their careers in Washington. The top GOP recipient on the committee, Sen. Jon Kyl (R-Arizona), has received $5.2 million from the sector.

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Supercommittee co-chair Rep. Jeb Hensarling (R-Texas) received the most from the big banks. Bank of America, JP Morgan Chase and Wells Fargo have given Hensarling a total of $188,962 during his Congressional career. Hensarling also serves as the vice chair of the House Financial Services Committee and has received a total of $3.9 million from financial interests.
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The report also identifies 27 former or current aides to supercommittee members who have worked as lobbyists for the financial industry

just how super is this supercommitte?

I'm thinking a new supercommitte should be held with clean participants

[geckosfeet]

1. Sounds like the super committee is bought and paid for already.

Wall streeters really know how to invest in the future.

[KansDem]

3. You left "ir" off the word "the"

;)

[GSLevel9]

4. +1 nt

[blm]

5. SOUNDS LIKE....obviously Ludwig MEANT to manipulate the figures to smear Dems unfairly.

.

[blm]

2. Kerry's presidential campaign numbers should be subtracted as Prez race $$ are a whole other world.

BTW...Kerry was also calling out mortgage banking irregularities in 2003-4 campaign. He also called for Bush's taxcuts for wealthy to be cancelled.

Numbers are being manipulated for this story.....as usual, not giving any exonerating details or the actual positions taken over the years. Manipulated, as always, to make the Dems appear to be as corrupt as the GOPs.