Forum Post: Scott Brown's Top Contributors: Guess who? Surprise! Four financial giants: Fidelity Investments, Goldman Sachs, Massachusetts Mutual Life Insurance Co., and Liberty Mutual Insurance
Posted 12 years ago on Dec. 7, 2011, 8:13 a.m. EST by qazxsw123
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Panicked by the prospect of Elizabeth Warren becoming a United States senator, Wall Street lobbyists are pouring money into Scott Brown's campaign:
Financial service lobbyists and other K Street advocates have for weeks been working hard to help the freshman senator win his high-stakes battle for re-election against Elizabeth Warren, a liberal Harvard law professor. Warren is anathema for many finance-sector lobbyists and Wall Street leaders who abhor the newly created Consumer Financial Protection Bureau— a centerpiece of the financial services overhaul—of which Warren was the intellectual architect.[...]
In his two Senate races, Brown’s top five contributors included four financial giants: Fidelity Investments, Goldman Sachs, Massachusetts Mutual Life Insurance Co., and Liberty Mutual Insurance, according to the Center for Responsive Politics. The most generous donor has been FMR Corp., the parent of Fidelity Investments, chipping in at least $97,000 to his campaign committees from executives and the firm’s PAC.
Executives and PACs affiliated with Goldman Sachs pumped at least $60,500 into Brown’s coffers; at least $51,000 from Massachusetts Mutual Life Insurance; and at least $46,000 from Liberty Mutual Insurance.[...]
Inside the Beltway, fundraising has been heating up too. On Nov. 30, veteran financial services lobbyist Dan Crowley, a partner at K & L Gates, hosted a breakfast fundraiser for the senator that drew about a dozen other lobbyists. “There is no Senate race that more clearly reflects the choice for the future direction of the country,” Crowley said, pitting the role of government versus the role of the private sector.
That Wall Street lobbyist is actually right—there is no other Senate race that will more clearly reflect, and have a bigger impact on, the future of our country.
Chris Bowers Campaign Director, Daily Kos
We need folks like Elizabeth Warren in the senate. We have no idea how much risk is in our banking system due to all the off book OTC derivative transactions. OWS should include everyone who has money in the bank and everyone with a 401k. We have been in this wall street caused recession for 4 years and nothing has changed. A tiny little flutter in Europe is causing our markets to crash and thrash around because banks are behaving like unregulated casinos instead of ................................well, instead of banks. It's no wonder Trump is in the political mix this year. Good article by Dylan Ratigan on the subject
http://www.dylanratigan.com/2011/12/06/leverage-the-dynamite-strapped-to-our-markets/
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