Wall Street Funnels Money to New Mexico Delegation

Capitol Report New Mexico - One of the chief complaints by protesters taking part in the Occupy Wall Street movement has been that government has been too cozy with the financial sector, especially when it comes to bailouts of banks and investment firms. All four of the Democratic members of the New Mexico delegation on Capitol Hill — Sen. Tom Udall, Sen. Jeff Bingaman, Rep. Martin Heinrich and Rep. Ben Ray Luján – have expressed sympathy with the protestors but a look at the record of campaign contributions shows they have received healthy donations from investment groups, some from a noteworty firm (Goldman Sachs) that received a government bailout. (On a related note, yesterday’s Washington Post reported President Obama — who has also supported the protestors — has received $15.6 million in Wall Street donations.) The lone Republican in the delegation — Rep. Steve Pearce – has also received a good chunk of money from financial institutions. Capitol Report New Mexico went to the website www.opensecrets.org to look at how many financial firms rank among the top 20 contributors to each of the five members (four Democrats, one Republican) in the New Mexico delegation. We also looked at some individual contributions at the Federal Election Commission website, www.fec.gov and here’s what we found: Read rest of story here: News New Mexico

Wall Street Funnels Money to New Mexico Delegation