by Ari Rabin-Havt, The American Prospect
Did one of the largest banks in the United States accidentally acknowledge an attempt to bribe members of Congress?
A widely published Reuters story reported that four major U.S. banks have threatened to withhold expected campaign contributions from the Democratic Senatorial Campaign Committee unless “Democrats, including [Massachusetts Senator Elizabeth] Warren and Ohio Senator Sherrod Brown … soften their party’s tone toward Wall Street.”
But the article specifically notes: “JPMorgan representatives have met Democratic Party officials to emphasize the connection between its annual contribution and the need for a friendlier attitude toward the banks, a source familiar with JPMorgan’s donations said. In past years, the bank has given its donation in one lump sum but this year has so far donated only a third of the amount, the source said.” Read the entire story.