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Wall Street firms donated $11.2 million to members of debt ‘super committee’

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DreamSmoker Donating Member (442 posts) Send PM | Profile | Ignore Fri Aug-19-11 11:35 AM
Original message
Wall Street firms donated $11.2 million to members of debt ‘super committee’
Source: Raw Story

The bipartisan "super committee" created by the debt ceiling deal is comprised of lawmakers who have received big bucks from special interest groups, according to a report by MapLight.

The committee is tasked with finding at least $1.2 trillion in deficit cuts over ten years.

In total, the twelve members appointed to the Joint Select Committee on Deficit Reduction got nearly $64.5 million from special interests groups over the past decade, with legal firms donating about $31.5 million and Wall Street firms donating about $11.2 million.

Of that $11.2 million, Goldman Sachs, Citigroup, Bank of America and JPMorgan Chase donated approximately $2 million combined.

Read more: http://www.rawstory.com/rs/2011/08/18/wall-street-firms-donated-11-2-million-to-members-of-debt-super-committee/



Here is a smoking gun...
All are traders to the American People and this Country..
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tawadi Donating Member (631 posts) Send PM | Profile | Ignore Fri Aug-19-11 11:49 AM
Response to Original message
1. Guess this is why so many of them can afford plastic surgery & designer clothes. eom
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proverbialwisdom Donating Member (366 posts) Send PM | Profile | Ignore Fri Aug-19-11 11:54 AM
Response to Original message
2. Traitors. Thank you for the post.
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russspeakeasy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 12:05 PM
Response to Original message
3. 11.2 million......is what we know about...
:evilgrin:
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Solly Mack Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 12:05 PM
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4. K&R
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zeemike Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 12:15 PM
Response to Original message
5. And why not
And why not, they will make that back in one day if Wall Street can get their hands on social security...
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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 12:45 PM
Response to Original message
6. Best deal going. Now they don't have to buy off the entire Congress...
Edited on Fri Aug-19-11 12:49 PM by lib2DaBone
Wall Street always operates on "Leverage".

Maybe they should hand out a Coupon? "Save 20% on your next purchase of a Congressional Vote".

Or how about, "Buy one Congressman.. get one free"?
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neohippie Donating Member (410 posts) Send PM | Profile | Ignore Fri Aug-19-11 02:25 PM
Response to Reply #6
7. hehe you're on the right track
It's the Groupon for Lobbying
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