Saturday, August 11, 2012

Paul Ryan Agent of the Banking Class

Bloomberg Reports

  • Rep. Paul Ryan  has more than $5.4 million in his campaign account  
  • Romney’s campaign raised more than $1.2 million after announcing Ryan’s addition to the ticket
  • Ryan opposes the 2010 financial regulation law that imposed new rules on an industry blamed for contributing to the worst economic downturn since the Great Depression (wants more deregulation)
  •  Lobbyists including the American Banking Association and the Financial Services Roundtable scheduled a fundraiser for Ryan’s leadership political action committee
  • Lobbyists for lenders that make short- term loans online held a fundraiser for Ryan’s re-election campaign

Ryan’s budget proposal to end traditional Medicare for future generations would benefit private insurers!!!
  • Insurance employees and political action committees have given $815,328 to Ryan’s election efforts over his career
  • Wisconsin based private insurance  Northwestern Mutual Life Insurance Co. and related family have been donating more than $89,000 annually to Paul Ryan's campaign.
  • Employees of the National Beer Wholesalers Association have been contributing $75,000 annually to Paul Ryan's campaign
Paul Ryan's Net Worth estimated between $927,100 and $3.2 million (2010)

Top Contributors: Baker Tilly Virchow Krause LLP, PricewaterhouseCoopers LLP, Northwestern Mutual, Wells Fargo & Co. (WFC), Abbott Laboratories (ABT), Abbott Laboratories (ABT), UBS AG (UBSN) and Home Depot Inc. (HD)

    • Ryan’s Prosperity PAC had $724,265 cash on hand at the end of June, according to FEC reports. His campaign account of more than $5 million can be turned over to the Republican National Committee; it can’t be used directly by Romney’s campaign. 

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