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

11/28/2010 05:12 am ET | Updated May 25, 2011
  • Eamon Javers CNBC

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.

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