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deminks

(11,014 posts)
Tue Oct 22, 2013, 01:20 PM Oct 2013

American Bankers Association wanted America to default on its loans

Really. If money talks, then that is what they said.

http://www.washingtonpost.com/business/economy/where-did-pro-default-lawmakers-get-donations-from-companies/2013/10/22/459477a6-382c-11e3-ae46-e4248e75c8ea_story.html

The lawmakers who voted against raising the debt ceiling last week count among their biggest donors the country’s most powerful banking lobby and companies such as Honeywell and AT&T — not just the activist conservative groups that have roiled the Republican Party.

The American Bankers Association, in fact, gave more money over the past two election cycles to GOP lawmakers who in effect voted to allow the United States to default on its debt than those who voted against that scenario.

The ABA contributed $2.2 million to lawmakers who ultimately ignored the group’s warnings, second only to the Club for Growth and just ahead of Koch Industries, both of which are leading sources of funds for conservative candidates.

The numbers, revealed in a joint analysis by The Washington Post and the Center for Responsive Politics, illustrate the key role that big business donors played in supporting lawmakers who would later spurn one of the business community’s most emphatic requests not to vote for a default by the United States.

(end snip)

Oh what a tangled web we weave.

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