Wall Street Spends Record Sum in Midterm Election

Discussion in 'Politics' started by poncho, Nov 1, 2014.

  1. poncho

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    Mar 30, 2004
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    (Betting on Republican Puppets This Time)

    If you think anything is going to change for the better after Republicans take control of the Senate, you might have come down with a severe case of stupidity. Just like the Democrats before them, the new crop will answer to the same Wall Street masters.

    From Bloomberg:

    The $169 million from donors in the securities and investment industry is the most they’ve ever contributed in a midterm election, according to Center for Responsive Politics data. That makes them the most generous group for the first time in decades, with about two-thirds of the money going to Republicans in what the Washington-based nonprofit projects will be the country’s most expensive non-presidential election.

    The industry’s biggest donor was Paul Singer’s hedge fund Elliott Management, with $12.1 million. Among top givers were employees from Ken Griffin’s Citadel LLC, Soros Fund Management LLC and Goldman Sachs Group Inc. Wall Street’s lead over retirees, lawyers and other groups grows wider when commercial banks including JPMorgan Chase & Co. are added.

    Read More At: http://libertyblitzkrieg.com/2014/10/31/wall-street-spends-record-sum-in-midterm-election-betting-on-republican-puppets-this-time/

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