Wednesday, May 5, 2010

Strange Bedfellows

Senate Majority Leader Harry Reid accused Republicans today of "making love to Wall Street" because the financial reform bill has stalled in the Senate. Strong words, Senator. So, I decided to do a little digging, thanks to the good folks at

Let's see...between 2005 and 2010, Harry Reid has taken...over $1.1 million dollars from the securities and investment industry. Fortunately for him, they're only second place on the list behind lawyers. Isn't that a relief!

Let's check out Senator Dick Durbin, Reid's left-hand man in the Senate as Majority Whip. Why, he's taken over $780,000 from the same securities and investment industry Reid did!

Surely Senator Charles Schumer, who is also in Reid's circle, can break the cycle! He did. Oh, sure, he's taken over $1.7 million from the securities and investment industry, but he broke the Reid and Durbin's having them be #1 on his list of industries that contributed to him in the aforementioned time frame.

And last, but certainly not least, we have Senator Robert Menendez, the head of the DSSC (the people whose email I referenced in a previous post trying to raise cash off the oil spill in the Gulf Coast). He's only taken over $650,000 from the securities and investment industry (including a nice $104,700 donation from Goldman Sachs).

A rough estimate of these four individuals gives us a whopping $4.3 million taken from the securities and investment industry in donations over the past 5 years. And since the securities and investment industry has clear connections to Wall Street, I'm thinking we know who's really in bed with Wall Street, don't we, Senator Reid?

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