A consumer group reports that the banking industry has given over $41 million to the Senate Banking committee members since 2005 and spent $336 million in lobbying efforts in the first three quarters of 2009.
Sen. Christopher Dodd (D-CT), Chairman of the Senate Banking committee, received over $9,000,000 and the ranking Republican Richard Shelby (R-LA) received $2.5 million.
Both seem to oppose any independent consumer protection regulations. Don't look for meaningful reform from these jokers.
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