Wall Street Lobbying Efforts Reach $4.2 Billion Since 2006, Or $1,331 A Minute, Report States


Wall Street Lobbying Efforts Reach $4.2 Billion Since 2006, Or $1,331 A Minute, Report States

Wall Street Lobbying Efforts Reach $4.2 Billion Since 2006, Or $1,331 A Minute, Report States


On Capitol Hill, it pays to pay. Wall Street certainly pays, and a new report unveils just how much, as well as what it gets in return.

Since 2006, the Finance, Insurance, and Real Estate (FIRE) sector, has poured around $4.2 billion into efforts to maintain influence in the halls of Congress, according to a new report by Elect Democracy, a nonpartisan effort by human rights organization Global Exchange. That comes out to $1,331 a minute.


Washington’s Wall Street Sugar Daddies as Nation of Change reports:

That money lets these industries get what they want in Washington. The F.I.R.E. sector contributed $879 million to members of Congress since 2006, and took positions on 383 bills during the 112th Congress. For instance, they supportedFree Trade Agreements with Korea, Panama, and Colombia in 2007, and backed the bailout in 2008. Bills they opposed include the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2009, the Limited Homeowner and Investor Loss in Foreclosure Act of 2010, and the Stop Student Loan Interest Rate Hike Act of 2011.


© 2010-13 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.




Related posts:

  1. WSJ | Fannie Report Warned of Foreclosure Problems in 2006 BY CARRICK MOLLENKAMP AND NICK TIMIRAOS Fannie Mae was warned...
  2. 10 bailed-out banks spent $16.3M lobbying in 1H mostly “MERS SHAREHOLDERS” Top 10 bailed-out banks spent over $16...
  3. Biden: Romney’s Wall Street will ‘put y’all back in chains’ Correction: Romney will allow Wall Street to set it’s own...
  4. Ranking Member Cummings Addresses New GAO Report on AIG Bailout Washington, DC—Ranking Member Elijah E. Cummings issued the following statement...
  5. Newsweek | WALL STREET COVERS ITS FANNIE MAE October 18, 2004 When Wall Street’s biggest firms settled with...

This post was written by:

- who has written 6900 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

Chip Parker, www.jaxlawcenter.com
RR Compliance Consulting Inc was established to provide training and support services to the Loss Mitigation Consulting Community.  There is a huge void in the market for this training since those who are truly practicing in the field have neither the time nor interest in providing this training.
Jamie Ranney, www.NantucketLaw.pro
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com


Please Support Me!

All Of These Are Troll Comments