Wall Street Gives Twice As Much To Dems As GOP

04/19/2008 05:12 am ET | Updated May 25, 2011
  • Christopher Cooper Wall Street Journal

Hard times may have settled over Wall Street, but campaign cash from banks and securities firms has flooded Washington as Congress and the White House gird for a regulatory revamp of the financial industry.

The Democrats' 2006 retaking of Congress and perhaps the heated presidential race have sharply tilted Wall Street donations toward Democrats, though nearly every politician and both major parties are recipients of this largesse.

Data gathered by the Center For Responsive Politics, a nonpartisan Washington group whose opensecrets.org Web site tracks political giving, reckons that the banking-and-investment industry is giving nearly twice as much to Democrats as to Republicans in the 2008 cycle.

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