Senate Bailout Vote: Senators who voted yes for the bank bailout

[Moe Bedard]

House members who voted ‘yes’ on bailout received 54 percent more from banks/securities firms.

According to research produced by MAPLight.org.

MapLight.org says that over the past five years, banks and securities firms gave an average of $231,877 in campaign contributions to each Representative voting in favor of the bailout, compared with an average of $150,982 to each Representative voting against the bailout – 54 percent more money given to those who voted Yes.

Democrats who voted yes received “an average of $212,700 each, about twice as much as those voting No, $107,993.” Republicans who voted yes “received an average of $273,181 each, 50% more than those voting No, $181,688.”

Financial Services Sector - Contribution History

The financial services sector has contributed more to candidates for Congress, Presidential candidates, and political parties than any other sector, totaling $339,649,585 from 2007-present.

Source: http://www.opensecrets.org/overview/sectors.php

The sector has also contributed heavily to both John McCain and Barack Obama’s Presidential campaigns in 2007-2008: $22,108,926 to Sen. McCain and $24,860,257 to Sen. Obama.

Source: http://www.opensecrets.org/pres08/sectorallc.php?cycle=2008

The financial services sector has been a top campaign contributor for years, donating more than $2 billion to Federal candidates from 1989 through today.

Source: http://www.opensecrets.org/industries/indus.php?ind=F

Note: The financial services sector referenced on OpenSecrets.org includes more industries than just the banking and securities industries MAPLight.org examined in this vote correlation report.

Looking Back: Financial Services Modernization Act of 1999 (Gramm-Leach-Bliley)

In 1999 Congress passed the Gramm-Leach-Bliley bill, with bipartisan support, allowing the nation's largest banks to get even larger and take risks that had been prohibited since the Great Depression. A recent CRP analysis found that legislators who voted for this act received twice as much from the financial, insurance and real estate sectors as those who voted against it. Citigroup was the Act’s most aggressive supporter.

[caldwellb02]

I'm a believer, Moe. The Moore film said that several banks were the largest contributors to Obama's campaign. They are trying to buy him, too, and his appointment of Geithner to that position is proof. I loved Obama. I mean I was a HUGE fan. I am so dissappointed and really have jumped in with both feet to this fight. Tomorrow I'm faxing a letter to my Senators, Congressman and the President. I'm also thinking of researching the Oregon and WA new laws and sending copies of those to my State Senator/Assembly person (actually my State Senator right now is a little lame so I may just concentrate on the Assemblyman since I know him and his top aide.)

[Moe Bedard]

BOTH presidential candidates, Obama and McCain voted for the bank bailout.

See if your state and district representative voted for the bailout and fire them in 2010!!!!

Abercrombie (D-HI)
Ackerman (D-NY)
Alexander (R-LA)
Allen (D-ME)
Andrews (D-NJ)
Arcuri (D-NY)
Baca (D-CA)
Bachus (R-AL)
Baird (D-WA)
Baldwin (D-WI)
Barrett (R-SC)
Bean (D-IL)
Berkley (D-NV)
Berman (D-CA)
Berry (D-AR)
Biggert (R-IL)
Bishop (D-GA)
Bishop (D-NY)
Blunt (R-MO)
Boehner (R-OH)
Bonner (R-AL)
Bono Mack (R-CA)
Boozman (R-AR)
Boren (D-OK)
Boswell (D-IA)
Boucher (D-VA)
Boustany (R-LA)
Boyd (D-FL)
Brady (D-PA)
Brady (R-TX)
Braley (D-IA)
Brown (R-SC)
Brown, Corrine (D-FL)
Buchanan (R-FL)
Calvert (R-CA)
Camp (R-MI)
Campbell (R-CA)
Cannon (R-UT) Cantor (R-VA)
Capps (D-CA)
Capuano (D-MA)
Cardoza (D-CA)
Carnahan (D-MO)
Carson (D-IN)
Castle (R-DE)
Clarke (D-NY)
Cleaver (D-
Clyburn (D-SC)
Coble (R-NC)
Cohen (D-TN)
Cole (R-OK)
Conaway (R-TX)
Cooper (D-TN)
Costa (D-CA)
Cramer (D-AL)
Crenshaw (R-FL)
Crowley (D-NY)
Cubin (R-WY)
Cuellar (D-TX)
Cummings (D-MD)
Davis (D-AL)
Davis (D-CA)
Davis (D-IL)
Davis, Tom (R-VA)
DeGette (D-CO)
DeLauro (D-CT)
Dent (R-PA)
Dicks (D-WA)
Dingell (D-MI)
Donnelly (D-IN)
Doyle (D-PA)
Dreier (R-CA)
Edwards (D-MD)
Edwards (D-TX)
Ehlers (R-MI)
Ellison (D-MN)
Ellsworth (D-IN)
Emanuel (D-IL)
Emerson (R-MO)
Engel (D-NY)
Eshoo (D-CA)
Etheridge (D-NC)
Everett (R-AL) \
Fallin (R-OK)
Farr (D-CA)
Fattah (D-PA)
Ferguson (R-NJ)
Fossella (R-NY)
Foster (D-IL)
Frank (D-MA)
Frelinghuysen (R-NJ)
Gerlach (R-PA)
Giffords (D-AZ)
Gilchrest (R-MD)
Gonzalez (D-TX)
Gordon (D-TN)
Granger (R-TX)
Green, Al (D-TX)
Gutierrez (D-IL)
Hall (D-NY)
Hare (D-IL)
Harman (D-CA)
Hastings (D-FL)
Herger (R-CA)
Higgins (D-NY)
Hinojosa (D-TX)
Hirono (D-HI)
Hobson (R-OH)
Hoekstra (R-MI)
Holt (D-NJ)
Honda (D-CA)
Hooley (D-OR)
Hoyer (D-MD)
Inglis (R-SC)
Israel (D-NY)
Jackson (D-IL)
Jackson-Lee (D-TX)
Johnson, E. B. (D-TX)
Kanjorski (D-PA)
Kennedy (D-RI)
Kildee (D-MI)
Kilpatrick (D-MI)
Kind (D-WI)
King (R-NY)
Kirk (R-IL)
Klein (D-FL)
Kline (R-MN)
Knollenberg (R-MI)
Kuhl (R-NY)
LaHood (R-IL)
Langevin (D-RI)
Larsen (D-WA)
Larson (D-CT)
Lee (D-CA)
Levin (D-MI)
Lewis (R-CA)
Lewis (D-GA)
Lewis (R-KY)
Loebsack (D-IA)
Lofgren, Zoe (D-CA)
Lowey (D-NY)
Lungren, Daniel E. (R-CA)
Mahoney (D-FL)
Maloney (D-NY)
Markey (D-MA)
Marshall (D-GA)
Matsui (D-CA)
McCarthy (D-NY)
McCollum (D-MN)
McCrery (R-LA)
McGovern (D-MA)
McHugh (R-NY)
McKeon (R-CA)
McNerney (D-CA)
McNulty (D-NY)
Meek (D-FL)
Meeks (D-NY)
Melancon (D-LA)
Miller (D-NC)
Miller, Gary (R-CA)
Miller, George (D-CA)
Mitchell (D-AZ)
Mollohan (D-WV)
Moore (D-KS)
Moore (D-WI)
Moran (D-VA)
Murphy (D-CT)
Murphy, Patrick (D-PA)
Murtha (D-PA)
Myrick (R-NC)
Nadler (D-NY)
Neal (D-MA)
Oberstar (D-MN)
Obey (D-WI)
Olver (D-MA)
Ortiz (D-TX)
Pallone (D-NJ)
Pascrell (D-NJ)
Pastor (D-AZ)
Pelosi (D-CA)
Perlmutter (D-CO)
Peterson (R-PA)
Pickering (R-MS)
Pomeroy (D-ND)
Porter (R-NV)
Price (D-NC)
Pryce (R-OH)
Putnam (R-FL)
Radanovich (R-CA)
Rahall (D-WV)
Ramstad (R-MN)
Rangel (D-NY)
Regula (R-OH)
Reyes (D-TX)
Reynolds (R-NY)
Richardson (D-CA)
Rogers (R-AL)
Rogers (R-KY)
Ros-Lehtinen (R-FL)
Ross (D-AR)
Ruppersberger (D-MD)
Rush (D-IL)
Ryan (D-OH)
Ryan (R-WI)
Sarbanes (D-MD)
Saxton (R-NJ)
Schakowsky (D-IL)
Schiff (D-CA)
Schmidt (R-OH)
Schwartz (D-PA)
Scott (D-GA)
Sessions (R-TX)
Sestak (D-PA)
Shadegg (R-AZ)
Shays (R-CT)
Shuster (R-PA)
Simpson (R-ID)
Sires (D-NJ)
Skelton (D-MO)
Slaughter (D-NY)
Smith (R-TX)
Smith (D-WA)
Snyder (D-AR)
Solis (D-CA)
Souder (R-IN)
Space (D-OH)
Speier (D-CA)
Spratt (D-SC)
Sullivan (R-OK)
Sutton (D-OH)
Tancredo (R-CO)
Tanner (D-TN)
Tauscher (D-CA)
Terry (R-NE)
Thompson (D-CA)
Thornberry (R-TX)
Tiberi (R-OH)
Tierney (D-MA)
Towns (D-NY)
Tsongas (D-MA)
Upton (R-MI)
Van Hollen (D-MD)
Velazquez (D-NY)
Walden (R-OR)
Walsh (R-NY)
Wamp (R-TN)
Wasserman Schultz (D-FL)
Waters (D-CA)
Watson (D-CA)
Watt (D-NC)
Waxman (D-CA)
Weiner (D-NY)
Welch (D-VT)
Weldon (R-FL)
Weller (R-IL)
Wexler (D-FL)
Wilson (R-NM)
Wilson (D-OH)
Wilson (R-SC)
Wolf (R-VA) Woolsey (D-CA)
Wu (D-OR) Yarmuth (D-KY)

[Moe Bedard]

DO THE BANKS OWN YOUR SENATOR?

+ YouTube Video

[caldwellb02]

Moe - this is the House of Representatives list, first off, and secondly it doesn't jive with your link? If I'm reading that link correctly, Thompson (D-CA) voted no. What am I missing?

[Moe Bedard]

Ohio congressman Dennis Kucinich suggested the $700 billion bailout package was sending America towards 'casino socialism, where the only real product is debt'. (Sept. 28)

+ YouTube Video

[Moe Bedard]

That was the first bailout vote, sorry, fixed it.

[caldwellb02]

Decided after seeing the Moore movie that I needed to redefine the way I think about capitalism and came up with the word socio-capitalist. I thought I had invented the word but oh no, it is out there. Interesting concept.

dnaindia.com: Socio-capitalism set to become the new economic doctrine?

[caldwellb02]

Shoot. Thompson voted for it. I really like him and his office has been very responsive to me when I write about this loan mod mess. I'm going to call them this week and ask about their current perspective on the vote. Thanks for fixing the list Moe.

P.S. - have you seen the Moore movie? Great stuff.