Aug 16, 2010

Wall Street backs GOP Senate candidates

An ABC article, carried by UPI (see link below), reports that Wall Street as well as financial industry donations have been going largely to Republicans.

Republican U.S. Senate candidates are receiving double the contributions from the financial industry as their Democratic opponents, an analysis indicates.

There were only three Democrats listed in the top ten recipients of donations from the financial industry: Sen. Harry Reid of Nevada, Sen. Blanche Lincoln of Arkansas and Sen. Michael Bennet of Colorado.

Last month it was reported that top bank executives were turning against Democrats following the passage of financial reform legislation viewed as anti-Wall Street.