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The Wolves Of Wall Street Have A Short Memory

- February 14, 2018

DESPITE A LONG HISTORY OF LINING THEIR POCKETS WITH CORPORATE CASH, SENATORS KIRSTEN GILLIBRAND (D-NY) AND CORY BOOKER (D-NJ) ARE SHOWING AN ABRUPT CHANGE OF HEART

Senators Gillibrand And Booker Have Joined Far-Left Potential 2020 Opponents Senators Warren And Sanders In Pledging Not To Accept Corporate PAC Money

On February 13, 2018, Senator Kirsten Gillibrand (D-NY) Announced She Is Pledging To Refuse Contributions From Corporate PACs. "Sen. Kirsten Gillibrand is pledging to refuse contributions from corporate PACs - a move that puts her in a small group of national Democrats and sets a new bar on the issue of campaign finance for other potential presidential candidates in 2020." (Ruby Cramer, "Kirsten Gillibrand Pledges To Stop Accepting Donations From Corporate PACs," BuzzFeed News , 2/13/18)

Sen. Gillibrand "Made The Pledge In Conjunction With End Citizens United … And Became One Of Just Four Sitting Senators To Vow Off Corporate PACs …" "The New York senator made the pledge in conjunction with End Citizens United, a Democratic group named after the 2010 Supreme Court decision allowing unlimited political spending by corporations and labor unions. Gillibrand, up for reelection this year, secured End Citizens United's endorsement with the pledge - and became one of just four sitting senators to vow off corporate PACs, according to the group." (Ruby Cramer, "Kirsten Gillibrand Pledges To Stop Accepting Donations From Corporate PACs," BuzzFeed News , 2/13/18)

Sen. Gillibrand's Decision Follows The Example Of Sen. Bernie Sanders (I-VT) Who Does Not Accept Corporate PAC Contributions. "Her decision follows the example of Sen. Bernie Sanders, a 2016 Democratic presidential primary candidate in 2016 who does not accept corporate PAC contributions." (Nicole Guadiano, "Sen. Kirsten Gillibrand, Possible 2020 Candidate, Rejects Corporate PAC Donations," USA Today , 2/13/18)

On February 13, 2018, Sen. Cory Booker (D-NJ) Tweeted, "I Heard From Constituents Today Asking About Corporate PAC Contributions. I'm Joining Several Of My Colleagues & No Longer Accepting These Contributions. Our Campaign Finance System Is Broken. I Thank @StopBigMoney For Their Work-It's Time To Pass Campaign Finance Reform." @CoryBooker: "I heard from constituents today asking about corporate PAC contributions. I'm joining several of my colleagues & no longer accepting these contributions. Our campaign finance system is broken. I thank @StopBigMoney for their work-it's time to pass campaign finance reform." (Cory Booker, Twitter Feed , 2/13/18)

Sen. Elizabeth Warren (D-MA) Has Previously Pledged Not To Accept Corporate PAC Money. "Democratic Sens. Elizabeth Warren (Mass.) and Maria Cantwell (Wash.), along with Sen. Bernie Sanders (I-Vt.), have also pledged not to accept corporate PAC donations. Booker, Gillibrand, Sanders and Warren are all considered potential Democratic candidates for the 2020 presidential race." (Brett Samuels, "Booker To Stop Accepting Donations From Corporate PAC," The Hill , 2/13/18)

Sen. Gillibrand Has Accepted $4.9 Million From Business PACs Throughout Her Political Career

According To The Center For Responsive Politics, Sen. Gillibrand Has Received $4,912,403 In Contributions From Business PACs From 2005 Through 2018. ( Center For Responsive Politics , Accessed 2/13/18)

In 2010, The New York Times' Michael Barbaro Reported "Gillibrand Has Spent Hours On The Phone With Finance Executives, Soliciting Their Views." "Ms. Gillibrand was unknown to much of Wall Street a year ago when she was appointed to fill the seat vacated by Hillary Rodham Clinton after she became secretary of state. What some executives did know gave them pause: She twice voted against the federal bailout of banks during the financial crisis. But Ms. Gillibrand has spent hours on the phone with finance executives, soliciting their views. When Glenn Hutchins, the co-chief executive of Silver Lake, a private equity firm, sent Ms. Gillibrand a 75-page PowerPoint presentation on the causes of the banking meltdown, he was unsure if she would ever read it. She not only did, but she also responded with a long list of follow-up questions. 'I was very impressed by that,' he said." (Michael Barbaro, "Senate Race In New York Is A Tug Of War Over Donors," The New York Times , 2/2/10)

2012 Politico Headline: "As Schumer Gets Quieter On Regulatory Issues, Gillibrand Steps Up To Champion Wall Street" (Reid Pillifant, "As Schumer Gets Quieter On Regulatory Issues, Gillibrand Steps Up To Champion Wall Street," Politico , 2/21/12)

In 2012, Politico's Reid Pillifant Reported That Sen. Gillibrand Had "Become A Go-To Advocate For The Financial Services Industry." "Meanwhile, Kirsten Gillibrand has quietly overcome considerable skepticism about her on Wall Street to become a go-to advocate for the financial services industry in her own right." (Reid Pillifant, "As Schumer Gets Quieter On Regulatory Issues, Gillibrand Steps Up To Champion Wall Street," Politico , 2/21/12)

During Her First Years In The Senate, Sen. Gillibrand "Reached Out To Financial Industry Executives And Refrained From The Kind Of Anti-Wall Street Rhetoric Used By Liberals In Her Party." "But since being appointed to fill the seat vacated by Hillary Rodham Clinton last year, she has reached out to financial industry executives and refrained from the kind of anti-Wall Street rhetoric used by liberals in her party." (Raymond Hernandez, "Citing Wall Street Reform, Dodd Backs Out Of Fund-Raiser For Gillibrand," The New York Times , 4/30/10)

While Wall Street Was Initially Skeptical Of Her Appointment To The Senate, "Gillibrand Applied Herself To The Task Of Reassuring The Industry That She Would Be A Strong Advocate For Them." "Wall Street types, like many other types, greeted then-governor David Paterson's appointment of Gillibrand to the Senate in 2009 with considerable skepticism. The fact that Gillibrand, a moderate, one-and-a-half-term House member representing a conservative-leaning upstate district, was largely unknown to them was part of it. But there was also the fact that Gillibrand had twice voted against the Bush administration's Troubled Asset Relief Program, the $700-billion injection that the industry had insisted it needed to stay afloat. Since those early days, just as she did with gay-rights groups and gun-control advocates, who were also skeptical of her and her record, Gillibrand applied herself to the task of reassuring the industry that she would be a strong advocate for them." (Reid Pillifant, "As Schumer Gets Quieter On Regulatory Issues, Gillibrand Steps Up To Champion Wall Street," Politico , 2/21/12)

Sen. Booker Was Previously The Largest Recipient Of Wall Street Cash

According To The Center For Responsive Politics, Sen. Booker Has Received A Career Total Of $1,812,044 From Business PACs From 2013 Through 2018. ( Center For Responsive Politics , Accessed 2/14/18)

In The 2014 Election Cycle, Sen. Booker Was The Top Recipient Of Wall Street Campaign Donations. "Sen. Cory Booker received $1.87 million from the securities and investment industry, making him the top recipient of Wall Street money this election cycle, according to federal election donations analyzed by the Center for Responsive Politics." (Sarah Gonzalez, "Booker Gets More From Wall Street Than Any Member Of Congress," WNYC , 11/14/14)

In The 2014 Cycle, Sen. Booker Received $1.87 Million From The Securities And Investment Industry, "Making Him The Top Recipient Of Wall Street Money" In The 2014 Cycle. "Sen. Cory Booker received $1.87 million from the securities and investment industry, making him the top recipient of Wall Street money this election cycle, according to federal election donations analyzed by the Center for Responsive Politics. The Center's Viveca Novak said that this flow of money is surprising for a freshman Senator." (Sarah Gonzalez, "Booker Gets More From Wall Street Than Any Member Of Congress," WNYC , 11/14/14)

On February 13, 2018, The New York Times' Kenneth Vogel Responded To Sen. Booker's Tweet, Saying, "You Were Literally The TOP RECIPIENT OF WALL STREET $$$ In The U.S. Senate The Last Time You Were On The Ballot, So You're Hardly A @BernieSanders-Style Small $ Champion Here." @kenvogel: "You were literally the TOP RECIPIENT OF WALL STREET $$$ in the U.S. Senate the last time you were on the ballot, so you're hardly a @BernieSanders-style small $ champion here. You were literally the TOP RECIPIENT OF WALL STREET $$$ in the U.S. Senate the last time you were on the ballot, so you're hardly a @BernieSanders-style small $ champion here …" (Kenneth P. Vogel, Twitter Feed, 2/13/18)


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