Michelle Bachmann

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Watchdog: FCIC Report Proves Political System—Not Just Wall Street—Needs Fixing

Washington, D.C.—The Financial Crisis Inquiry Commission reports that the financial industry played a “key role” in weakening regulatory constraints, that regulators lacked the “political will,” then highlighted the billions in campaign cash and lobbying the industry spend over the last decade. This will only get worse as the campaign contributions and lobbying expenses from Wall Street continue to rise, according to campaign watchdog Public Campaign Action Fund.

Report: Tea Party-Endorsed Candidates Take Millions in Wall Street Cash

Will they stand with Wall Street donors or stand with their constituents?

Washington, D.C.—On Tea Party caucus founder Rep. Michele Bachmann’s (R-Minn.) introduction of legislation to repeal the Dodd-Frank financial reform bill, a new report shows that Tea Party-endorsed candidates received at least $11.1 million in campaign cash from the finance, insurance, and real estate sector in the 2010 cycle.