Huffpost Business

Big Banks Pledge Not To Make Direct Campaign Contributions, Despite Ruling

Posted: Updated:

Morgan Stanley [MS 24.87 -0.28 (-1.11%) ] joins a handful of other companies that have decided to continue operating under the old rules, despite the new ruling.

The growing movement suggests that many companies aren't willing to risk the political blowback that could come from dumping millions of dollars into campaigns, or don't want to open themselves up to endless demands for cash from politicians--or both.

Read the whole story at CNBC

Around the Web

Commercial Banks | OpenSecrets

Bank Of America To Publish Political Donations

Bank of America Agrees to Be More Transparent With Donations -

TARP Funds Get Recycled as Political Contributions - Newsweek

Wall Street shifting political contributions to Republicans ...

EXCLUSIVE: Bailout recipients keep donating - Washington Times