Monday, July 19, 2010

Don't bank on former corporate bank lobbyists to work for consumers.

Once a corporate bank lobbyist....

Republican Steve Stivers, a former corporate bank lobbyist, has been milking his banking and financial contacts to get his campaign donations.  More than anything, those in banking and finance, want to regain the power and return to those  loosey, goosey, unregulated days that their industry had during the previous administration.  Because of that goal, banks and financial firms have been giving boatloads of campaign contributions to one of their own------- Republican congressional candidate, Stivers, former corporate bank lobbyist.

Progressohio has more:

On the same day that Wall Street reform passed the Senate en route to becoming law, career banking lobbyist Steve Stivers reported raising $116,175 from the financial sector and lobbyists. So far, according to the Center for Responsive Politics and FEC filings, Stivers has taken $254,805 this cycle from the financial services sector.

“While Mary Jo Kilroy is holding Wall Street accountable for taking taxpayer bailouts after gambling with our money, banking lobbyist Steve Stivers has been schmoozing in private clubs collecting big checks from Wall Street fat cats,” said Josh Levin, Campaign Manager for Kilroy. “If Stivers went to Washington, he’d try to gut Wall Street reform so his big banking friends could continue to gamble with our pensions and retirement savings.”

Over the past year, Mary Jo Kilroy has proven herself to be one of the most effective freshmen in Congress. She authored major portions of the Wall Street reform bill to strengthen investor protection by establishing the Investor Advisory Committee, ensure credit rating agencies will be held accountable for sloppy performance and increase transparency on corporate shareholder votes. Her expertise and work on the bill led to Mary Jo being named to the conference committee where she served as a negotiator with the U.S. Senate on a final bill....


With Kilroy, those of us in Ohio's 15th district, know she is working for us (real people----not corporations). 

Stivers has always kept those bank/corporate/lobbyist friends in mind in his work.  Protect consumers????  Nah!  Stivers would rather protect banks and lobbyists!

The following photoshop pic is from Freakingnews:



Fatcat Bankers