News and Politics | September 16, 2008 | 3 comments

Lehman, Merrill Lynch, big donors to Obama and McCain

source: http://news.yahoo.com/s/bloomberg/20080916/pl_bloomberg/ambsgo09sxvo

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JanforGore
Barack Obama and John McCain, who criticized and called for more regulation of Wall Street yesterday, count Lehman Brothers Holdings Inc. and Merrill Lynch & Co. among the biggest donors to their presidential campaigns.


Both Obama and McCain have received more contributions from employees of securities and investment companies than from any other donors; both are now calling for regulations the industry has resisted.

Through July 31, the last month for which figures are available, employees working for securities and investment firms, and their families, gave $9.9 million to Obama, a Democratic senator from Illinois. They gave $6.9 million to McCain, a Republican senator from Arizona.

Overall, these donors have given $685 million to federal campaigns and the parties from 1989 to 2008, according to the Washington-based Center for Responsive Politics, which tracks political giving.

``The price for that is the economic system we're currently in,'' said former Representative Bob Edgar, a Pennsylvania Democrat who now heads Common Cause, a Washington-based advocacy group.

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Wow, how ironic. One good reason why deregulation happens. It's bought and paid for.
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    News and Politics,   Politics,   Election 2008
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    News and Politics,  Politics,  Economy,  Barack Obama,  7 more
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3 comments // Lehman, Merrill Lynch, big donors to Obama and McCain

  • JanforGore
    • 0
      JanforGore  

    • You 'Stick it'. I never said that was EXCLUSIVELY why they went broke. BUYING POLITICAL FAVORS kept them deregulated which only contributed to the atmosphere of greed that brought them down. Oh, but because your savior took money from them as well as McCain, all of sudden bribing politicians is not part of it... oh well, at least you admitted that is what they do... bribe politicians and that includes your man as well.

    • 3 years ago
  • 96thdayofrage
    • 0
      96thdayofrage  

    • Stick a sock in it. Neither of these institutions went broke from bribing politicians. They went broke for the presumtuous fecklessness in business.

      Both these institutions were generous donors to the Salvation Army and the World Wildlife Federation, too. Do they also get your narrow minded tedious eye of scrutiny?

    • 3 years ago
  • JanforGore
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