Bankers SuperPAC

This is the problem with Citizens United: It basically puts elected officials in the position of delivering for the people with the cash, or else. Wonder if it will bother them enough to get them to pass legislation overturning the court decision? (Ha ha, just kidding!)

Frustrated by a lack of political power and fed up with blindly donating to politicians who consistently vote against the industry’s interests, a handful of leaders are determined to shake things up.

They have formed the industry’s first SuperPAC — dubbed Friends of Traditional Banking — that is designed to target the industry’s enemies and support its friends in Congress.

“It comes back to the old philosophy of walking softly and carrying a big stick,” says Howard Headlee, the president and chief executive officer of the Utah Bankers Association. “But we’ve got no big stick. And we should. We have the capacity to have one, we just aren’t organized.”

Think of it as an Emily’s List for bankers and their allies.

“Congress isn’t afraid of bankers,” adds Roger Beverage, the president and CEO of the Oklahoma Bankers Association. “They don’t think we’ll do anything to kick them out of office. We are trying to change that perception.”

2 thoughts on “Bankers SuperPAC

  1. I dread to think what more these Bankster parasites want…. Like Obama hasn’t almost drowned them in free and almost free money, plus has refused to prosecute their lying asses or even investigate the Big $h*t Pile Meltdown properly. They are so well taken care of they must think the world exists solely for them…oh, yeah, right.

    What more do they want? Forever immunity? For anything and everything they could possibly do wrong?

  2. Bankers say they want to display muscle. I predict that their ads will hide behind phony citizens front groups and the disclosures will hide the donors.

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