Obama Meets the $66 Million Gang
Friday, March 27, 2009 at 4:50 pm
The 15 banking CEOs who met with President Obama today in Washington head financial institutions that spent at least $45 million on lobbying in 2008, and gave $21.2 million in political contributions in 2007-2008, according to OpenSecrets.org, the Center for Responsive Politics’ Website that tracks money in politics.
Before the meeting, Obama said he would use the meeting “to reiterate his message that each of us must look beyond our own short-term interests to the wider set of obligations we have to each other in order for America to succeed.”
Following the meeting, John Stumpf of Wells Fargo said, “The basic message is we’re all in this together. We’re trying to do the right thing for America.”
Well, its never too late to start.
Here’s a list of the CEOs who met with Obama, followed by their respective institutions’ lobbying expenditures in 2008 and total campaign contributions from political action committees and employees in 2007-2008:
1) Jamie Dimon, JP Morgan Chase
Lobbying: $5.39 million
Contributions: $802,516
2) Ken Chenault, American Express
Lobbying: $5.78 million
Contributions: $573,167
4) Ronald Logue, State Street
Lobbying: $750,000 and $980,000
Contributions: $24,500
5) Robert Kelly, Bank of New York-Mellon
Lobbying: $95,960 and $190,000 (BNY-Mellon and Mellon Bank)
Contributions: $628,775
6) Rick Waddell, Northern Trust
Contributions: $74,030
7) James Rohr, PNC
Lobbying: $395,000
Contributions: $161.861
8) Lloyd Blankfein, Goldman
Lobbying: $3.28 million
Contributions: $5.84 million
9) John Mack, Morgan Stanley
Lobbying: $3.120 million
Contributions: $3.63 million
10) Vikram Pandit, Citi
Lobbying: $7.66 million
Contributions: $2.23 million
11) John Stumpf, Wells Fargo
Lobbying: $1.2 million
Contributions: $1.12 milion
12) Cam Fine, Independent Community Bankers
Lobbying: $4.21 million
Contributions: $1.12 million
13) Edward Yingling, ABA
Lobbying: $9.06 million
Contributions:$3.81 million
14) Richard Davis, US Bank
Lobbying: $20,000
15) Ken Lewis, Bank of America
Lobbying: $4.09 million
Contributions: $2.34 million
4 Comments
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