'The MAGA majority in charge of overseeing the financial industry are completely awash in Wall Street money,' said LCommaThoughts of accountable_us. 'Consumers beware as financial scammers rejoice.'
A new Accountable.US analysis published Wednesdaythat the 11 new Republicans tapped to serve on the House Financial Services Committee collectively accepted more than $6 million from Wall Street during the 2022 election cycle, leaving them ready to do the"industry's bidding."
Newly elected GOP lawmakers nominated to serve on the HFSC have taken nearly $6.2 million in campaign cash from the finance, insurance, and real estate industries that the panel is tasked with refereeing, Accountable.US researchers found. "History has shown when conservative politicians in the pocket of Wall Street banks and predatory lenders seize power, everyday consumers are left more vulnerable to greedy financial industry behavior," Liz Zelnick, director of the Economic Security and Corporate Power program at Accountable.US,
"History has shown when conservative politicians in the pocket of Wall Street banks and predatory lenders seize power, everyday consumers are left more vulnerable to greedy financial industry behavior. History is about to repeat itself."
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Wall Street ends higher, Powell comments avoid rate policyU.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy.
Les mer »
Warner Bros. Discovery on a Roll With Wall Street Analysts After UpgradeA day after two analyst peers touted the shares, Guggenheim's Michael Morris sees 31 percent upside in his report titled 'Chapter 2: Management Takes Control of the Story.'
Les mer »
Wall Street ends sharply higher on optimism before key inflation reportU.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.
Les mer »
Wall Street’s biggest bear: Fed’s Jerome PowellThe struggle between the Fed and markets is ultimately a good sign for Biden and Congress because it suggests that the U.S. may be in the endgame of its war against this bout of inflation, but the conflict underscores the central bank’s delicate position.
Les mer »
Here are Wednesday's biggest analyst calls: Apple, Tesla, Netflix, Amazon, Salesforce, Levi's & moreHere are Wednesday's biggest calls on Wall Street.
Les mer »
Here are analysts' favorite tech stocks for 2023Wall Street sees these technology stocks gaining in 2023
Les mer »