Sunday, December 26, 2010

Vote Auctions

What better time to hold a fundraiser than when a critical vote is coming up?
Three cases, involving Reps. John Campbell (R-Calif.), Tom Price (R-Ga.) and Joseph Crowley (D-N.Y.), were referred to the House ethics committee, which last week asked for more time to investigate. All three have said that they complied with House ethics rules. 

But just as the public learned of the ethics office's probe in June, a conference committee of House members and senators met to draft a compromise bill on landmark Wall Street reform. The measure would force firms to follow new rules for previously secret and risky transactions that were blamed for the 2008 market meltdown. Over the course of three weeks in June, the 35 conference committee members collected $440,000 in donations from the financial industry. Sen. Charles E. Schumer (D-N.Y.), the chairman of the Senate banking committee and a powerful conferee, collected the most that month - about $90,000 from financial interests.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home