HOUSE FINANCIAL SERVICES COMMITTEE CAUGHT IN CONFLICT OF INTERESTS
Posted by politicalpartypooper on February 12, 2009
The eight financial institutions at Wednesday’s hearing have given $63,250 to the chairman of the committee, Rep. Barney Frank (D-Mass.), and JPMorgan has given him more money than any other company, union or organization since 1989. The House Financial Services Committee has jurisdiction over the housing and financial sectors.
Nearly every member of the committee received contributions associated with these financial institutions during the 2008 election cycle, for a total of $1.8 million.
That committee would be the House Financial Services Committee, as in, the people who are charged with policing, and providing regulatory policy for the financial services sector. Think there might be a conflict of interest somewhere in there?