The top 4 lobbying organizations in America. 2011 is through the first 3 quarters. See if you can spot the trend....
1. American Bankers Association
•2010: $6,040,000
•2011: $6,690,000
2. Wells Fargo & Co.
•2010: $3,260,000
•2011: $5,890,000
3. JPMorgan Chase & Co.
•2010: $5,770,000
•2011: $5,800,000
4. Citigroup Inc.
•2010: $4,120,000
•2011: $3,800,000
America's favorite bank, closing in on their next bail out as the stock continues to plunge, came in at number 7:
7. Bank of America Corp.
•2010: $2,720,000
•2011: $2,210,000
Those frustrated with our current political/banking relationship need to understand that nothing will change under the current structure. Politicians are purchased by the banks. Things will only change when we reach the point of complete collapse in our debt markets. Those excited for this new America fortunately will not have to wait long.
h/t Barry Ritholtz
