When former Sen. Evan Bayh (D-Ind.) retired from politics at the end of 2010, more than $10 million sat in his campaign account. Now, after five years of work as a partner in a lobbying firm and an adviser for a private equity group, Bayh is mounting a bid to return to the Senate. News that he planned to run began spreading Monday, and Bayh made it official with an announcement Wednesday morning. And that $10 million? Almost all of it is available … read more: http://www.opensecrets.org/news/2016/07/bayh-is-back-with-a-bulging-war-chest/
One PAC offering a dinner with Donald Trump has risen from the dirty dishes of another — and spawned a Hillary Clinton copycat in its wake. American Horizons has spent the past month advertising a contest for two individuals to win a dinner with Trump, including a flight and hotel stay. But while the organization, which is a hybrid of a conventional PAC and a super PAC, wasn’t … read more: One “Dinner with Donald” contest leads to another — and one for Hillary, too | OpenSecrets Blog
When Republican presidential candidate Donald Trump chose Indiana Gov. Mike Pence as his running mate, he dealt a potentially serious blow to his fundraising prospects, lawyers are saying. Pence is a sitting governor. That means contributions to the ticket will be limited by the SEC’s 2010 pay to play rule, also known as Rule 206(4)-5 of the Investment Advisers Act of 1940, as amended. The rule prevents “SEC registered investment advisers” from … read more: Pence’s pay-to-play problem | OpenSecrets Blog
In May, Wall Streeters donated more than any other industry to Hillary Clinton’s campaign and pro-Clinton super PACs – nearly $4.45 million out of her total $314 million raised. Retired people and the printing & publishing industry took the Nos. 2 and 3 spots.
This news tracks with one of the major critiques of Clinton: that she’s been bought and paid for by Wall Street bankers. Clinton’s election, this storyline goes, could result in greater access for financial powerbrokers and a field day for the industry — and what’s good for Wall Street often is not good for Main Street.
The pattern is a repetition of what we’ve seen throughout Clinton’s campaign: The securities & investment industry (our term for what most think of as Wall Street), leads in overall donations to the Clinton effort, according to our numbers. Citing that same data, CNBC said recently that Clinton has had a “love affair” with Wall Street. Her rival for the Democratic presidential nomination, Sen. Bernie Sanders (D-Vt.), has accused Hillary Clinton of being “funded by Wall Street.”
Click here to read the full article: Clinton and Wall Street: What’s the deal, really? | OpenSecrets Blog