Big Finance’s 10 Favorite Lawmakers (for Now)


Here’s how to reap Wall Street’s largesse on Capitol Hill: Represent New York, sit on a financial committee, hold a leadership position—or, if you’re Chuck Schumer, trifecta!

LEGISLATOR

DONATIONS FROM
BIG FINANCE, 2009

WHY WALL STREET WANTS
HIS/HER ATTENTION

Sen. Charles Schumer (D-N.Y.)

$1,735,900

The Street’s favorite Dem fought regs for derivatives, credit ratings, and accounting

Sen. Harry Reid (D-Nev.)

$1,019,110

As majority leader, signed off on TARP; all finance-related bills need his approval

Sen. Kirsten Gillibrand (D-N.Y.)

$944,950

Junior senator voted against the bailout twice—perhaps she’ll come around

Sen. Chris Dodd (D-Conn.)

$745,698

Once a deregulation fan, he’s now facing a reeelction fight—and pushing for reforms

Rep. Eric Cantor (R-Va.)

$499,197

Minority whip’s October ’09 (!) op-ed said Americans underappreciate derivatives

Sen. Michael Bennet (D-Colo.)

$458,008

Used to retool bankrupt companies for conservative billionaire Philip Anschutz

Rep. Jim Himes (D-Conn.)

$423,873

Ex-VP at Goldman Sachs, member of pro-business New Democrat Coalition

Sen. Blanche Lincoln (D-Ark.)

$409,300

As ag committee chair, she must sign off on any new derivative regulations

Rep. Barney Frank (D-Mass.)

$382,349

Financial Services Committee chair has called for “death panels” for failing firms

Rep. Melissa Bean (D-Ill.)

$364,875

Tried to weaken consumer protection bill, voted against taxing giant AIG bonuses

Source: Center for Responsive Politics (donations as of 10/25/09)

This chart is part of Mother Jones’ coverage of the financial crisis, one year later.

OUR NEW CORRUPTION PROJECT

The more we thought about how MoJo's journalism can have the most impact heading into the 2020 election, the more we realized that so many of today's stories come down to corruption: democracy and the rule of law being undermined by the wealthy and powerful for their own gain.

So we're launching a new Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption. We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We'll publish what we find as a major series in the summer of 2020, including a special issue of our magazine, a dedicated online portal, and video and podcast series so it doesn't get lost in the daily deluge of breaking news.

It's unlike anything we've done before and we've got seed funding to get started, but we're asking readers to help crowdfund this new beat with an additional $500,000 so we can go even bigger. You can read why we're taking this approach and what we want to accomplish in "Corruption Isn't Just Another Scandal. It's the Rot Beneath All of Them," and if you like how it sounds, please help fund it with a tax-deductible donation today.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate