From THINK PROGRESS:
Major U.S. banks which instigated the financial crisis are set to pay out “record” bonuses and compensation — $145 billion by some estimates. State Sen. Scott Brown (R-MA), the Republican candidate running for the special U.S. Senate election next week, announced yesterday that he would oppose the recently announced financial crisis responsibility fee on large banks.
(l to r: Richard Gilder, Steve Forbes, Scott Brown, Dick Armey, Rudy Giuliani)
Brown’s defense of the financial industry has not been ignored by Wall Street. Wall Street’s two largest political enforcers are also out fighting to elect him:
– The Wall Street front group FreedomWorks is mobilizing get out the vote efforts for Brown this weekend. FreedomWorks organized the very first tea party protests, and has used its extensive staff and resources to mobilize rallies and advocacy campaigns on behalf of corporate interests. Dick Armey, who as a corporate lobbyist represented AIG, Lehman Brothers, and Merrill Lynch during the bailout, is the leader of FreedomWorks. FreedomWorks is also funded and chaired by Steve Forbes and Frank Sands of Sands Capital Management.
– The Wall Street front group Club for Growth is strongly “boosting” Brown and is expected to run ads in support for him. According to recent disclosures, the Club for Growth is funded by a $1.4 million dollar donation from investor Stephen Jacksons of Stephens Groups Inc, a $1.4 million dollar donation from broker Richard Gilder, and $210,000-$630,000 donations from at least 10 other investors and financial industry professionals. The Club is also supporting a slate of candidates to repeal health reform, while its other endorsed candidates have opposed a financial truth commission.
Wolves? That means they have just one thing to fear…
From Slate (9/2/2008):
Sarah Palin, the governor of Alaska and John McCain’s vice presidential pick, is an enthusiastic hunter who has proposed legislation and cash incentives to encourage aerial wolf gunning, the controversial practice of shooting wolves from an aircraft.