Comments on: The Phony War on Wall Street http://www.investorwatchdog.com/the-phony-war-on-wall-street Timely financial educational resource information is your best defense against investment schemes & scams Wed, 01 Feb 2012 21:35:24 -0800 http://wordpress.org/?v=abc hourly 1 By: Matthew Arndt, CFA, CPA, CFP http://www.investorwatchdog.com/the-phony-war-on-wall-street/comment-page-1#comment-1340 Matthew Arndt, CFA, CPA, CFP Thu, 28 Jan 2010 14:18:25 +0000 http://www.investorwatchdog.com/the-phony-war-on-wall-street#comment-1340 The funneling of millions upon millions of dollars in campaign contributions to our elected officials causes a very serious conflict of interest for voters to say the least. Why would any politicians ever write sensible legislation to limit banks risk-taking to help protect investors, depositors and the taxpayers when they are receiving tens sometimes hundreds of millions from the special interests that represent the large financial institutions? The incumbents know that all they have to do is get a majority of the votes to win their respective elections, and this is not hard to do when they already have name recognition and advertising help from large corporate donors. It appears to me that the majority of politicians take their constituents along with their votes for granted for this very reason. The funneling of millions upon millions of dollars in campaign contributions to our elected officials causes a very serious conflict of interest for voters to say the least. Why would any politicians ever write sensible legislation to limit banks risk-taking to help protect investors, depositors and the taxpayers when they are receiving tens sometimes hundreds of millions from the special interests that represent the large financial institutions? The incumbents know that all they have to do is get a majority of the votes to win their respective elections, and this is not hard to do when they already have name recognition and advertising help from large corporate donors. It appears to me that the majority of politicians take their constituents along with their votes for granted for this very reason.

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