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wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-10 11:22 AM
Original message
Lawmakers Seek Cash During Key Votes
Source: Washington Post

Lawmakers seek cash during key votes

By Carol D. Leonnig and T.W. Farnam
Washington Post Staff Writers
Sunday, December 26, 2010; 12:00 AM

Numerous times this year, members of Congress have held fundraisers and collected big checks while they are taking critical steps to write new laws, despite warnings that such actions could create ethics problems. The campaign donations often came from contributors with major stakes riding on the lawmakers' actions.

For three weeks in June, for instance, the members of a joint House and Senate committee worked to draft final rules for regulating the financial industry in the wake of its 2008 meltdown. During that time, the 35 members of the drafting committee collected $440,000 in donations from that same industry, which was then lobbying heavily for looser rules.

Earlier this month, the chairman of the Senate committee overseeing tax policy, Sen. Max Baucus (D-Mont.), gave himself a birthday-party fundraiser - on the same day that the chamber took its first vote on an $858 billion tax package that would provide breaks to wealthy citizens and business interests. snip

But just as the public learned of the ethics office's probe in June, a conference committee of House members and senators met to draft a compromise bill on landmark Wall Street reform. The measure would force firms to follow new rules for previously secret and risky transactions that were blamed for the 2008 market meltdown. Over the course of three weeks in June, the 35 conference committee members collected $440,000 in donations from the financial industry. Sen. Charles E. Schumer (D-N.Y.), the chairman of the Senate banking committee and a powerful conferee, collected the most that month - about $90,000 from financial interests. snip

Read more: http://www.washingtonpost.com/wp-dyn/content/article/2010/12/25/AR2010122502236_2.html?hpid=topnews&sid=ST2010122600556



More fuel for the fire but the sheeple continue to ignore what's going on.

Many top Dems implicated in this article. No wonder so many spineless DINOs.
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-10 11:36 AM
Response to Original message
1. recommend
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bjobotts Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-10 08:55 PM
Response to Reply #1
8. The "Money Party" has both repub and dem members. Must get $10k/d for reelection
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Frank Booth Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-10 11:39 AM
Response to Original message
2. By this point, senators and representatives are essentially
paid employees of Wall Street and this country's other controlling powers.
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wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-10 12:17 PM
Response to Reply #2
3. "paid employees of Wall Street and this country's other controlling powers." Ain't that the truth
:puke:
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wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-10 12:18 PM
Response to Reply #3
4. the paid employees are not even trying to hide fact their votes are linked to the $$ they're given
Edited on Sun Dec-26-10 12:19 PM by wordpix
er, bribed with. :puke:

Very ballsy of them. Spineless when it comes to doing for the people, but ballsy when it comes to doing for their wealthy puppetmasters.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-10 01:34 PM
Response to Original message
5. "Follow the money."
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rasputin1952 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-26-10 03:00 PM
Response to Original message
6. the ties to danations and direct federal largess are well established...
Incredibly, the American electorate refuse to toss these clowns out.
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Ticonderoga Donating Member (489 posts) Send PM | Profile | Ignore Sun Dec-26-10 05:02 PM
Response to Original message
7. To understand what's really
wrong in this country one needs to really look no further than this story. The only thing that matters to todays politicians is greed, power and wealth.
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