Tumblr Icon RSS Icon

Bank Associations Start Super PAC, Claiming ‘Congress Isn’t Afraid Of Bankers’

By Pat Garofalo on April 5, 2012 at 2:15 pm

"Bank Associations Start Super PAC, Claiming ‘Congress Isn’t Afraid Of Bankers’"

Share:

google plus icon

According to American Banker, a group of state level banking associations have formed a Super PAC — which can spend on political elections without limits — “that is designed to target the industry’s enemies and support its friends in Congress.” The bankers evidently feel that the financial industry, the single largest spender in the 2012 election to date, is not throwing enough money around in electoral politics. “Congress isn’t afraid of bankers,” said Oklahoma Bankers Association CEO Roger Beverage. “They don’t think we’ll do anything to kick them out of office. We are trying to change that perception.” The group is not working with national banking organizations because it intends to “piss some people off inside the Beltway.”

‹ PREVIOUS
Banks More Likely To Let Foreclosed Homes Fall Apart In Black, Latino Neighborhoods

NEXT ›
How Amazon Makes Billions In The United Kingdom Without Paying Any Corporate Taxes

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.