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Money Changes Minds

Submitted by Monica Rober on Wed, 12/16/2009 - 18:07

As Congress has worked on passing financial reform, several high profile amendments, including the "cramdown" provision have been defeated."In fact, 45 House members changed their vote from an ‘Aye’ to a ‘Nay’ on the mortgage provision when it was voted on Friday. This same group of House members has received nearly $3.4 million from the real estate, commercial banking, and credit union industries during the last election cycle and so far this year, according to an analysis of data from the nonpartisan Center for Responsive Politics. The vote-switching members received more than $900,000 from these industries in the first nine months of this year alone."To read the full press release, click here.

  • banks
  • Congress
  • cramdown
  • Financial reform
  • press release

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