Half Of Scott Brown’s Top Twenty Donors Are Big Banks Or Other Financial Institutions
Half Of Scott Browns Top Twenty Donors Are Big Banks Or Other Financial Institutions
http://boldprogressives.org/elizabeth-warrens-top-donors-are-grassroots-women-scott-browns-are-banks-and-insurance-companies/
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But if theres one thing thats true in American politics, its this: you are who funds you. Senators bankrolled by Big Oil give the industries subsidies. Lawmakers backed by health insurers helped kill the public option. And if theres one thing thats clear in the race between Warren and Brown, its that Corporate America has sided with the latter.
As of October 2012, Elizabeth Warrens top donors are the grassroots donors of EMILYs List, employees of Harvard University, and grassroots members of Moveon.org. Scott Browns top donors are the financial giant Fidelity Investments, EMC Corporation, Massachusetts Mutual Life Insurance, and Goldman Sachs.
More than half of Scott Browns top ten donors are big banks, hedge funds, or other big financial institutions. Meanwhile, there is not a single bank or financial institution among the top twenty donors to Elizabeth Warren. Its clear whos on Corporate Americas side or at least whose side Corporate America is on.
Unsurprisingly, Brown went to bat on behalf of the Big Banks. He helped weaken the Volcker Rule and voted against killing naked credit default swaps, a dangerous financial instrument. A week after he helped pass a watered-down financial reform bill, Morgan Stanleys Political Action Committee gave him a $5,000 check.
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