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ICYMI: Rob Andrews Backed Bill Allowing Riskier Banks, Received More Than $1.3 Million in Return
By Dale Glading for CongressIn Case You Missed It:
Rob Andrews Backed Bill Allowing Riskier Banks,
Received More Than $1.3 Million in Return
Andrews in top 12% of House members
in campaign dollars received from financial institutions
BARRINGTON – U.S. Rep. Rob Andrews supported the 1999 Financial Services Modernization Act, “legislation that allowed the nation's largest banks to get even larger and take risks that had been prohibited since the Great Depression,” according to Massie Ritsch of OpenSecrets.org.
Ritsch also discovered that “those members of Congress who supported lifting Depression-era restrictions on commercial banks, investment banks and insurance companies received more than twice as much money from those interests than did those lawmakers who opposed the measure.”
Rob Andrews, who supported the bill, subsequently received more than $1.3 million in campaign contributions from financial institutions.
Read the full article here: http://www.opensecrets.org/news/2008/09/money-and-votes-aligned-in-con.html
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Paid for by Dale Glading for Congress.
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