Bysiewicz calls on Rep.
Murphy to return JP Morgan PAC contributions
Democratic Senate Primary is about who will stand up to Wall Street
For Immediate Release
May 23, 2012
Wall Street drove our economy to the brink and it would have collapsed completely if tax payers had not bailed them out. Despite being saved by taxpayers Wall Street lobbyists have fought any type of real and meaningful financial reform. They have fought reform by using the oldest tool in politics – campaign contributions.
“Since being elected to Congress in 2006 Congressman Chris Murphy has accepted over $1.5 million from Wall Street firms – including nearly $500,000 in his bid for the US Senate1,” said Susan Bysiewicz. “In this total is $11,500 from JP Morgan Chase & Company’s PAC and employees,” Bysiewicz continued. ($6,000 from the PAC and $5,500 from employees)2
Wall Street is back to its old ways of playing fast and loose with other people’s money with casino style trading. Two weeks ago JP Morgan lost at least $2 billion dollars by using the trading techniques that reform measures like the Volcker rule would stop.
“Holding Wall Street Accountable with real reform is one of the most important steps Congress can take to stand-up for the middle class,” said Bysiewicz. “Our next member of the Senate must be able to stand-up to Wall Street’s lobbyists and their PAC contributions which are the biggest obstacles to Wall Street reform,” said Bysiewicz. “This is why I am calling on Congressman Murphy to return the $6,000 he has received from JP Morgan’s PAC,” said Bysiewicz. “By returning JP Morgan’s PAC contribution Congressman Murphy will show that he is willing to stand with the middle class rather than Wall Street’s power brokers,” Bysiewicz concluded.
Bysiewicz has authored an Accountability Plan to hold Wall Street, Corporate Special Interests, and Washington Accountable for the damage they caused to the middle class. It can be found at http://www.susansplan.com
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