Republicans & Wall Street: Banking On One Another
As Washington shifts its focus toward reforming Wall Street, Republicans are cozying up to bigwig bankers in hopes of lining their campaign coffers for the fall elections. While the donations will continue to increase as the elections approach, below is a brief compilation outlining financial sector campaign contributions received by Republican leaders and members of the relevant Congressional committees.
Republicans & Wall Street: Banking On One Another
Hoping For Campaign Donations, Republicans Are Cozying Up To Wall Street. According to the Wall Street Journal:
Republicans are stepping up their campaign to win donations from Wall Street, trying to capitalize on an increasing sense of regret among executives at big financial institutions for backing Democrats in 2008.
In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.
GOP strategists hope to benefit from the reaction to the White House's populist rhetoric and proposals, which range from sharp critiques of bonuses to a tax on big Wall Street banks, caps on executive pay and curbs on business practices deemed too risky. [Wall Street Journal, 2/4/10; emphasis added]
Senate Republicans' History Of Campaign Donations From Wall Street
Sen. Minority Leader Mitch McConnell (R-KY)
Sen. Mitch McConnell Has Received Over $2.6 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Sen. Mitch McConnell has received $2,697,026 from Securities and investment firms, commercial banks, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Sen. Minority Whip Jon Kyl (R-AZ)
Sen. Jon Kyl Has Received Over $1.5 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Sen. Mitch McConnell has received $1,512,578 from Securities and investment firms, commercial banks, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Senate Banking Committee Ranking Member Richard Shelby (R-AL)
Sen. Richard Shelby Has Received Over $2.9 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Sen. Richard Shelby has received $2,950,201 from Securities and investment firms, commercial banks, finance/credit companies, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Sen. Bob Bennett (R-UT)
Sen. Bob Bennett Has Received Over $1.2 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Sen. Bob Bennett has received $1,200,955 from Securities and investment firms, commercial banks, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Sen. Jim DeMint (R-SC)
Sen. Jim DeMint Has Received Over $1 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Sen. Jim DeMint has received $1,022,324 from Securities and investment firms, commercial banks, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Sen. Kay Bailey Hutchison (R-TX)
Sen. Kay Bailey Hutchison Has Received Over $2.8 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Sen. Kay Bailey Hutchison has received $2,832,980 from Securities and investment firms, commercial banks, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Sen. John Thune (R-SD)
Sen. John Thune Has Received Over $2.1 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Sen. John Thune has received $2,133,532 from Securities and investment firms, commercial banks, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Sen. David Vitter (R-LA)
Sen. David Vitter Has Received Over $1 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Sen. David Vitter has received $1,038,097 from Securities and investment firms, commercial banks, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
House Republicans' History Of Campaign Donations From Wall Street
House Minority Leader John Boehner (R-OH)
Rep. John Boehner Has Received Over $1.2 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. John Boehner has received $1,247,055 from Securities and investment firms and commercial banks. [Center for Responsive Politics, accessed 3/30/10]
House Minority Whip Eric Cantor (R-VA)
Rep. Eric Cantor Has Received Over $1.5 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Eric Cantor has received $1,589,940 from Securities and investment firms, commercial banks, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
House Republican Conference Chair Mike Pence (R-IN)
Rep. Mike Pence Has Received Over $400,000 From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Mike Pence has received $415,407 from Securities and investment firms and commercial banks. [Center for Responsive Politics, accessed 3/30/10]
National Republican Campaign Committee Chairman Rep. Pete Sessions (R-TX)
Rep. Pete Sessions Has Received Over $1.8 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Pete Sessions has received $1,835,289 from Securities and investment firms, commercial banks, finance/credit companies, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
House Financial Services Committee Ranking Member Spencer Bachus (R-AL)
Rep. Spencer Bachus Has Received Over $2.2 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Spencer Bachus has received $2,246,921 from Securities and investment firms, commercial banks, finance/credit companies, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Rep. Mike Castle (R-DE)
Rep. Mike Castle Has Received Over $1.8 Million From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Mike Castle has received $1,858,725 from Securities and investment firms, commercial banks, finance/credit companies, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Rep. Pete King (R-NY)
Rep. Pete King Has Received Over $700,000 From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Pete King has received $733,819 from Securities and investment firms, commercial banks, and finance/credit companies. [Center for Responsive Politics, accessed 3/30/10]
Rep. Ed Royce (R-CA)
Rep. Ed Royce Has Received Over $991,839 From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Ed Royce has received $991,839 from Securities and investment firms, commercial banks, finance/credit companies, savings and loans, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
Rep. Ron Paul (R-TX)
Rep. Ron Paul Has Received Over $800,000 From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Ron Paul has received $818,899 from Securities and investment firms and miscellaneous finance companies. [Center for Responsive Politics, accessed 3/30/10]
Rep. Don Manzullo (R-IL)
Rep. Don Manzullo Has Received Over $803,208 From Financial Firms And Banks. According to the Center for Responsive Politics, Rep. Don Manzullo has received $803,208 from Securities and investment firms, commercial banks, finance/credit companies, savings and loans, and "miscellaneous finance" companies. [Center for Responsive Politics, accessed 3/30/10]
