Wall Street shifting political contributions to Republicans Feb 24

[autorank]

:sarcasm:
How many bailouts does it take to get these guys in line?

That's gratitude for you!

By Dan Eggen and Tomoeh Murakami Tse
Washington Post Staff Writer
Wednesday, February 24, 2010

Commercial banks and high-flying investment firms have shifted their political contributions toward Republicans in recent months amid harsh rhetoric from Democrats about fat bank profits, generous bonuses and stingy lending policies on Wall Street.

The wealthy securities and investment industry, for example, went from giving 2 to 1 to Democrats at the start of 2009 to providing almost half of its donations to Republicans by the end of the year, according to new data compiled for The Washington Post by the Center for Responsive Politics.

Commercial banks and their employees also returned to their traditional tilt in favor of the GOP after a brief dalliance with Democrats, giving nearly twice as much to Republicans during the last three months of 2009, the data show. At the same time, total political donations by the major banks and investment houses alike dropped in the waning months of that year.

The nascent shift came even before the White House announced proposals for a new tax on banks and a curb on some of their riskiest trading activities.

[Hannah Bell]

1. let them shift them. with employment as it is currently, a populist platform is a winning platform.

if the democrats play it right.

[Earth Bound Misfit]

3. "if the democrats play it right"

:scared: :scared:

[Hannah Bell]

5. yes, well, there is that.

[mmonk]

2. Will the Democrats stop trying to kiss their asses then?

[mmonk]

4. Now we know why Bayh quit.