Wednesday, 5 December 2012

Money does not buy happiness: Senate banking committee edition

After Spending $9 Million To Defeat Her, Wall Street Watches Sen-Elect Warren Join Banking Committee

The securities and investments industry contributed just $245,000 to Warren and spent $3 million supporting her opponent Scott Brown, according to OpenSecrets data from mid-October. The industry was Brown’s top supporter. 
The Financial/Insurance/Real Estate sector followed suit and contributed $6 million to Brown and a puny half-a-million to Warren. Businesses also favored Brown heavily, and his top contributors came straight from Wall Street. And though there wasn’t much outside spending in the race because of a pledge made by the two candidates, the U.S. Chamber of Commerce, whose members include business and financial interests, spent $400,000 on the race in support of Brown and against Warren.

If you've never explored opensecrets before, you should, it's fascinating.

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