'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."
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