Wall Street

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The Chronicles of Money, Politics, "Insufficient Influence," Freshman Fundraising in Paradise, and the Plunger of Justice

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from March 12 through March 23, 2012.

Ken "Insufficient Influence" Griffin Gives $100k to Romney Super PAC

Just weeks before billionaire hedge fund manager Ken Griffin said in an interview that the wealthy have “insufficient influence” in our political process,” he wrote a check for $100,000 to the Romney-aligned “Restore Our Future” super PAC, according to filings with the Federal Election Commission.

The Unfortunate Parallels Between Wall Street Excess and Washington

Public Campaign Action Fund's Executive Director David Donnelly had this piece yesterday in the Huffington Post on what Goldman Sachs whistleblower, Greg Smith, tells us about Washington, D.C. 

Kelly Ayotte's Financial Industry Dinner

Sen. Kelly Ayotte (R-N.H.), a member of the Senate Budget Committee, defended the Bush tax cuts yesterday in a speech in New Hampshire. According to the Nashua Telegraph, Ayotte said that she’ll pursue a tax code rewrite "to avoid increases in taxes for the wealthy that kick in at year’s end without further congressional action.”

If Spencer Bachus loses, blame his Wall Street ties

Alabama has its presidential primary today, but the more interesting race may be further down the ballot.

The Chronicles of Money, Politics, and Election 2012: The Year of the Billionaire?

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from January 20 through March 9, 2012.

Jeb Hensarling Bashes Wall Street Reform While Raking in Wall Street Money

House Republican Conference Chairman Rep. Jeb Hensarling (R-Texas) thinks the Dodd-Frank financial reform legislation passed in the wake of the economic collapse is just terrible. He voted against it in 2009, has sponsored several pieces of legislation this Congress to weaken it, and today he has an op-ed in Politico decrying it as a “a ruthless cocktail of political favoritism, regulatory overreach and radical, unprecedented power consolidation.”

MapLight.org: Securities and investment industry donors give big to Congress

With both the House and Senate passing versions of the STOCK Act this week, our friends at MapLight.org have a timely new report today looking at the money members of Congress received from the financial sector from July 1 2009 through June 30, 2011.

The Wealthy Donors in Mitt's Quiet Rooms

Facing critiicism about his corporate raiding through Bain Capital, Mitt Romney was asked on Wednesday, “are there no fair questions about the distribution of wealth without it being seen as envy, though?” He said in response that, “I think it’s fine to talk about those things in quiet rooms and discussions about tax policy and the like.”

Mitt's Big NYC Fundraiser

Politico reports on a massive fundraiser Mitt Romney is having in New York City later this month, co-chaired and co-hosted by any number of Wall Street titans and wealthy New Yorkers, including at least six who have also donated to Romney’s “unaffiliated” super PAC, Restore Our Future.