Saturday, March 07, 2009

How Wall Street and Washington betrayed America


New York Stock Exchange, New York City.Wall Street, New York City, New York USA. Image via Wikipedia

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From:
Public Campaign

Submitted by Monica Rober on Fri, 03/06/2009 - 2:19pm.


Wall Street Watch released a new report on Wednesday detailing how an influx of industry dollars paved the way for the present financial crisis.

"The financial sector invested more than $5 billion in political influence purchasing in Washington over the past decade, with as many as 3,000 lobbyists winning deregulation and other policy decisions that led directly to the current financial collapse..."


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