by JOSH ISRAEL, Think Progress
Sen. Scott Brown (R-MA) received more than $880,000 in contributions from large-dollar individual campaign donors in the financial services sector in 2011, according to an Associated Press analysis. The freshman Republican also got at least $60,000 in contributions from corporate political action committees aligned with the financial sector.
Among the PAC contributors to Brown were:
- American Bankers Association PAC: $2,000
- American Financial Services Association PAC: $1,000
- Citigroup Inc. PAC: $2,000
- Credit Suisse Securities LLC PAC: $6,000
- USAA PAC: $2,500
- Wells Fargo and Company PAC: $3,000
Why the support? Well, it was Brown who threatened to join a Republican filibuster of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, using that threat to significantly water down the bill. Among the industry-favored concessions he extracted were removal of a $19 billion bank tax and weakening of the “Volcker rule,” restrictions on risky trades made with dollars backed by the government. [MORE]



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