John Thune Holding New York Fundraiser Day After Vote on Wall Street Regulator

The Senate is expected to vote Thursday on the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau, the office created as part of the Wall Street reform legislation passed in 2010.

The next day, Sen. John Thune (R-S.D.)—who has threatened to filibuster any nominee unless the agency is significantly weakened—will be holding a fundraiser for his leadership PAC, Heartland Values PAC, in New York City.

This “Kickoff to the Holiday Season” is a full-weekend event, according to the invite obtained by the Sunlight Foundation’s PoliticalPartyTime website.

Two guesses on what kind of donors he’ll be raising money from in New York City. Ok, one guess: Wall Street.

Already in 2011, Wall Street has been handing over plenty of cash to the South Dakota senator.

  • So far this year, Thune has received $128,000 from the finance, insurance, and real estate (FIRE) sector, according to the Center for Responsive Politics.
  • His PAC received $1,000 in June from Stephen Clark, a lobbyist and the author of a recent memo sent to the American Bankers Association about ways the Occupy Wall Street movement can be discredited.

This sort of arrangement might be beneficial to Thune, but I doubt the South Dakotans still struggling through the economic collapse brought on by Wall Street see it that way.