Where Will Senators Stand on Wall Street Reform
A new press release put out today by Common Cause, Public Campaign, and Public Citizen shows Senate Republicans who oppose financial reform have received a whopping 25 percent more in campaign contributions from Wall Street interests than their Democratic colleagues."All 41 of the Senate’s Republicans have received, on average, $2,116,945 each from the financial, insurance and real estate sector over the past six years, according to the groups’ analysis of data from the nonpartisan Center for Responsive Politics. The other 57 Democrats and two Independents have received $1,688,068, on average, from these interests—a difference of more than $425,000 per Senator." Click here to read the full press release. UPDATE: On Monday night, the Senate failed to meet the 60 vote threshold to begin debate on the legislation. Those voting against cloture received $2,179,400, on average, from financial interests. Those voting to begin debate received, on average, $1,693,117—a difference of $486,283 per Senator. For our analysis, Sen. Harry Reid is included in the “yes” column as he supports the measure, but had to vote against it as a procedural move so he can bring the vote up again.