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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsElizabeth Warren: “The big banks have issued a threat, and it’s up to us to fight back.”
Mar 27, 2015 4:25 PM EDT
Just hours after Reuters reported that Citigroup and other banks are debating whether to halt some of their own donations, Senator Elizabeth Warren is calling on her followers to make up the difference.
Citing "concerns that Senate Democrats could give Warren and lawmakers who share her views more power," Citigroup has already decided for now to withhold donations to the Democratic Senatorial Campaign Committee, sources inside the bank told Reuters. The maximum that bank could donate under campaign finance rules is $15,000 per year.
"Citi's Political Action Committee contributes to candidates and parties across the political spectrum that share our desire for pro-business policies that promote economic growth," Molly Millerwise Meiners, Citi's Director of Corporate Communications said in a statement. Citigroup confirmed that it has not donated to the DSCC yet.
As for other banks, Goldman Sachs has already sent its 2015 donations, while Bank of America and JP Morgan are also considering their next steps.
In December, Warren gave a long speech criticizing the close ties between Citigroup and Congress. "There's a lot of talk coming from Citigroup about how the Dodd-Frank Act isn't perfect," Warren said. "So let me say this to anyone who is listening at Citi: I agree with you. Dodd-Frank isnt perfect. It should have broken you into pieces."
The move is more symbolic than financial, and has already spurred a counteroffensive from Warren. In a fundraising request (titled "Wall Street isn't happy with us," Warren accused the banks of wanting Washington to puts its needs before Americans and "get a little public fanny-kissing for their money too." The pitch argues that 2016 Democratic Senate candidates could lose $30,000 each, and asks for for help raising matching funds.
The big banks have issued a threat, and its up to us to fight back....
http://www.bloomberg.com/politics/articles/2015-03-27/elizabeth-warren-launches-counteroffensive-against-citigroup
Citigroup wrote their OWN deregulating legislation that got passed by a Democratic Majority senate & a president who whipped for them.
How quickly they forget.
Fumesucker
(45,851 posts)MannyGoldstein
(34,589 posts)tk2kewl
(18,133 posts)PoliticAverse
(26,366 posts)elehhhhna
(32,076 posts)Cleita
(75,480 posts)publicly funded campaigns. That means each candidate gets the same amount of money to run and not a penny more. Let's get the private money out. No one can buy their politicians anymore.
RiverLover
(7,830 posts)tracks29
(98 posts)hifiguy
(33,688 posts)We NEED her to run for President.
Enthusiast
(50,983 posts)djean111
(14,255 posts)I will never forget that.
johnnyreb
(915 posts)RiverLover
(7,830 posts)LOL
Thanks for posting, Johnnyreb!!
jalan48
(13,894 posts)gregcrawford
(2,382 posts)And anyone stupid enough to defend them goes down, too. Nationalize the banks and jail every fucking executive. They've murdered before, you can bet, but they're too slimy to get caught at it. Now it's time to make them shit their britches. If ANYTHING happens to Warren, drop 'em in the Mariana Trench.
RiverLover
(7,830 posts)I wonder if she has body guards? I hope so.
WillyT
(72,631 posts)turbinetree
(24,720 posts)request from her and I donate what the banks and credit cards haven't ripped off from me yet, and the money will go to progressives
marym625
(17,997 posts)But why should they remember? It's been less than a month since the 48 signed the letter to the wrong people in Iran. When was the last time you heard mention of it?
eggplant
(3,914 posts)Oooooooooooh, I'm scared.
MisterP
(23,730 posts)Dems to Win
(2,161 posts)Game On!
Zorra
(27,670 posts)NaturalHigh
(12,778 posts)it would seem more genuine if it weren't a fundraiser. It's sort of like Alan Grayson. Every deep and prophetic thing he seems to say turns out to be a plea for more money.
The "WE NEED YOUR HELP RIGHT NOW!!!" e-mails get pretty tiresome.
Jackpine Radical
(45,274 posts)Any progressive who doesn't unilaterally disarm financially is a sellout!
NaturalHigh
(12,778 posts)It just gets tiring getting all these "send me some money right now" e-mails every day when there's not an election even close.
Jackpine Radical
(45,274 posts)I've probably deleted 15 requests for money from various organizations today.
Ordinarily I'd probably agree about this, but the moment is so perfect; let people express their outrage at the banks' bullying tactics by sending her money. It makes a point that is greater than the value of the money she collects.
99Forever
(14,524 posts)[URL=.html][IMG][/IMG][/URL]
rhett o rick
(55,981 posts)up the banks. Not one way or the other. Same with fracking.
Populist_Prole
(5,364 posts)Just a bunch of plutocrats in Bikenstocks and tie-dyed shirts with peace signs on them
zentrum
(9,865 posts)
fearless leader. She's the real deal. So wish she'd run in 2016.
Although, I do see the utility of her being in the Senate. But not if the Dems lose Congress and the WH.
Gumboot
(531 posts)But I'd really love for her to be on Bernie Sanders' ticket as his VP in 2016.
TinkerTot55
(198 posts)Dear Senator Warren,
I agree with your sentiment about fighting back against the big banks. But not one red cent will go to the tepid dems at organizations like the DSCC. What I am currently doing is scrimping and saving and doing with less, and paying off all my credit cards that are tied to big corporations. My Chase card will soon be paid off, and cut up. I will use my new credit union credit card, which has ONE HALF the interest rate of the Big Corp cards, and my donations will go straight to Progressive Dems...or Independents, or Socialists....to anyone with a record of backing progressive policies, and of NOT CAPITULATING.
And to YOU. ( In case you're thinking of "exploring" your options......... )