Excuse Me For Kickin: Wall Street

Showing posts with label Wall Street. Show all posts

Top Wall Street Firms Give Millions More To Democrats

Posted on 3:20 PM No Comments
Labels: Democrats, Election 2008, Lehman Brothers, Nobama, OpenSecrets.org, presidential election 2008, Republicans, Wall Street

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Author: Jeff Poor
Link: Business and Media
Date Published: October 31st, 2008
Excerpt:

Based on media coverage, conventional wisdom suggests Wall Street would favor Republican Party candidates when donating to campaigns. But that’s not the case.

According to the Center for Responsive Politics Web site OpenSecrets.org, out the top 25 political contributors for the 2008 election cycle, nine were Wall Street banking or investment firms, including the now defunct firm Lehman Brothers. Employees at eight of those nine firms gave more money to Democratic candidates – nearly $17 million to Democratic candidates versus only $11 million to their Republican counterparts. That’s 60 percent for Democrats to only 40 percent for Republicans.

My Bailout Plan is Better - TONY PHYRILLAS

Posted on 10:17 AM No Comments
Labels: Corporate CEOS, Economic Crisis, Speculators, Tony Phyrillas, Wall Street

Congress is working on a plan to spend $700 billion to bail out greedy corporate CEOs and Wall Street speculators.

I have a better idea. I would like to see Congress send a check for $50,000 to every American household. Let's bail out working people instead.

The U.S. Census Bureau estimates there are 140 million households in the U.S. So multiply 140 million by $50,000 and you come up with $700 billion, the exact amount Congress wants to spend to bail out corporations.

Read the rest of his article here.