wall-street finance pacs bipartisan banking
related: Financial Services Donors Goldman Sachs JPMorgan Chase Securities & Investment Industry
Who They Are
Wall Street Finance PACs. The collective PAC operation of the financial services industry — including Goldman Sachs PAC, JPMorgan PAC, Citigroup PAC, Bank of America PAC, Morgan Stanley PAC, and dozens of hedge fund, private equity, and insurance company PACs. Combined Wall Street PAC contributions: $50-75M per cycle, aggressively bipartisan (typically 55-60% Republican, 40-45% Democratic).
See Financial Services Donors and Securities & Investment Industry for comprehensive analysis.
Money
Wall Street PACs are the financial industry’s committee-access purchasing system — contributions targeted at Banking, Finance, and Financial Services committee members who write the regulations governing the industry. The bipartisan split ensures that regardless of which party controls the committee, Wall Street has funded the chair.
Sources
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