Tank it Thursday

Democratic Senate Candidate Tim Kaine Holds Election Night Event In Virginia

(Photo by Patrick McDermott/Getty Images)

Virginia Sen. Tim Kaine, considered a leading contender for the Democratic vice presidential nomination, has spent this week signaling to the financial industry that he’ll go to bat for them.

On Monday, Kaine signed onto two letters, one to federal banking regulators and the other to the Consumer Financial Protection Bureau, urging them to loosen regulations on certain financial players. The timing of the letters, sent while Kaine is being vetted for the top of the ticket, could show potential financial industry donors that he is willing to serve as an ally on their regulatory issues.

In the letters, Kaine is offering to support community banks, credit unions, and even large regional banks. While separate from the Wall Street mega-banks like JPMorgan Chase and Bank of America, these financial institutions often partner with the larger industry to fight regulations and can be hostile to government efforts to safeguard the public, especially if it crimps their profits.

They also represent a key source of donor funds, one that has trended away from Democrats. The Independent Community Bankers of America have given 74 percent of their $873,949 in donations this cycle to Republicans, according to the Center for Responsive Politics. Regional banks like PNC Financial Services, SunTrust Bank, and First Republic Bank, have given even higher percentages to the Republicans.

@ TI

Advertisements

About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
This entry was posted in Uncategorized. Bookmark the permalink.

13 Responses to Tank it Thursday

  1. Den says:

    Money, money, money,

  2. Den says:

    RNC Convention question: Where are all the blacks?

    Gotta lynch someone, Ole’ Hill is fair game.

    A mighty white crowd looking to lynch Ole’ Hill in a tirade of hatred similar to a crowd mentality maniacal wacko fest.

    That place is a Psyche-fest of looney-toons, formerly known as Americans.

  3. David B. Benson says:

    @ the Tokyo Seoul after ? minutes because I forgot to set the stopwatch. Call it 35 minutes in the 91 °F heat with only the slightest breeze. Saw a quail when turning up Indiana Street to start down Maple Street Extension and the College Hill Climb. A fish in the South Fork of the Palouse River eating the water skeeters.

    • David B. Benson says:

      And then 5 more minutes to Sloan because I just strolled part of the way.So a nominal 40 minutes today.

      Day 5: 205+40=245 minutes.

  4. jimhitchcock says:

    This just in:

    ‘Balloons drop, surge of static electricity causes state wide blackout in Ohio’

  5. Den says:

    Vicious, demented, complete psychopathic personality gathering sheeple to do his bidding.

    The truth is out there…

  6. David B. Benson says:

    And its not even Friday the 13th. I was informed of an NSF check that I’ll have to look into tomorrow. Then the calimari rings were NSG. Finally, I broke the right earpiece off the spectacles so I will have to take the pair in for fixing for the third time…

    At least the sky isn’t falling. Yet.

  7. Den says:

    Sums it up on so many levels:

Express your views below, politely please.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s