WallStreet’s POLITICAL SHAKEDOWN:We’ll Stop Funding Dems if Elizabeth Warren won’t SIT DOWN & SHUTUP
"....For Democratic neoliberals who have proven all too eager to forge an unholy alliance with the malefactors of great wealth, this Wall Street shakedown will only redouble their commitment to keep the financial powers-that-be placated..."
If ever you doubted that our obscene campaign finance regime constitutes a form of legalized bribery, consider this: Reuters reports today that officials at top Wall Street banks recently convened to discuss how they could convince Democrats “to soften their party’s tone” toward the financial industry, and among the options now under consideration is halting campaign donations to Senate Democrats unless they rein in progressive populists like Sens. Elizabeth Warren (D-MA) and Sherrod Brown (D-OH). The banks represented at the Washington meeting included Citigroup, JPMorgan, Goldman Sachs and Bank of America, according to the report, and though the idea of withholding campaign contributions did not arise at that gathering, it has since been floated in conversations among representatives from the banks. While the action would only be taken against Senate Democrats, the report states that Democrats are fretting about larger repercussions:
Moreover, banks’ hostility toward Warren, who is not a presidential candidate, will not have a direct impact on the presumed Democratic front runner in the White House race, Hillary Clinton. That’s because their fund-raising groups focus on congressional races rather than the presidential election
Still, political strategists say Clinton could struggle to raise money among Wall Street financiers who worry that Democrats are becoming less business friendl
http://www.reuters.com/article/2015/03/27/us-usa-election-banks-idUSKBN0MN0BV20150327?wpmm=1&feedName=politicsNews&feedType=RSS&wpisrc=nl_wonk
Citigroup, Reuters notes, has already chosen not to contribute to the Democratic Senatorial Campaign Committee “over concerns that Senate Democrats could give Warren and lawmakers who share her views more power,” while JPMorgan has pared back its donations. Goldman Sachs already sent the DSCC its $15,000 check, while Bank of America has yet to donate. There are two salient points to be made here: First, while only the most naive mind could consider it surprising, that Democrats are clutching their pearls over a possible drought of Wall Street funds underscores how poisoned our campaign finance system has become, and it speaks volumes about the plutocratic capture of American politics. Moreover, the report further puts the lie to Chief Justice John Roberts’ apparently straight-faced assertion, writing his opinion in the Citizens United case, that campaign contributions are not intended to influence lawmakers’ official duties.
http://www.supremecourt.gov/opinions/13pdf/12-536_e1pf.pdf
Yet here we have an industry that may well cut off a political party if it does not jettison proposals like breaking up “Too Big To Fail” institutions, reinstating the Glass-Steagall law separating commercial and investment banking, and reining in unscrupulous speculation. These proposals have galvanized the Warren wing of the Democratic Party, which may be emboldened but is far from dominant. Look no further than Wall Street’s affinity for the party’s likely presidential nominee, or the identity of the Democrats’ potential next leader in the Senate, a top recipient of financial industry contributions.
cont'
http://www.salon.com/2015/03/27/wall_streets_political_shakedown_well_stop_funding_dems_if_elizabeth_warren_wont_sit_down_and_shut_up/
= new reply since forum marked as read
three times. And, explained why ... your unwillingness to accept/agree with that reason is on you.
Condescending posts.
Ignore still works.
This says it all ------thanks
temper tantrum by the elitist and the what the U.S. Supreme court right wing majority has done to the peoples government should be brought forward on who (the democrat base want in our leader, not some corporation telling us that with there money they can buy the government further towards more corruption with there leader000thats not how its done).
We need a petition now---- to tell the democratic Congress that this what we want, we want Warren or another progressive as our leader, we do not need another corporatist.
Who care what the banks want. look at what they have done, they took our tax dollars and did what with it, nothing absolutely nothing, except bankrupt this country into a third rate state.
We need another Occupy movement
- Sounds like a RICO job for:
K&R
bribery of the highest order and perfect example of the totally corrupting power and influence of money in our so-called democratic voting system of picking 'leaders'. It's the total explanation of WHO runs our political system and how afraid these power brokers are, because we might get our hackles up, and get up from The Couch that is too comfortable to leave it seems, though I doubt it. MONEY RULES in this country, nothing less. The 99% do not count to the real power in this country, the 1%. It seems the donkey and the elephant are cover for malfeasance by the people who are elected to represent us and don't because greed, delusions of power and grandeur are too powerful a persuasion to the easily corrupted.
To be truly represented, we the people have to fund, completely, all national elections. Now how we can do this in opposition to the uber rich that run the political system is anyone's guess. Yet there are many fine minds on here to start the suggestion process, right?
I have to seriously start to understand how to change a system so corrupt as ours beyond finding true patriots to our ideologies and needs to vote for. Good luck, I know. 
Change is our only hope. I can stand on the soap box in the public square and scream about money's power over our voting system. They'll just cart me off to the loony bin even if I make sense. But if enough stand up at the same time, then that's a different story? Maybe?
