Reid Defends Wall Street Fundraiser

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Majority Leader Harry Reid’s (D-NV) “office is defending the majority leader’s decision to hold a fundraiser with Wall Street executives just as Democrats worked to craft a bill regulating the financial industry,” The Hill reports.

Republicans have pointed to Reid’s January fundraiser, which reportedly included Goldman Sachs executives, in response to Democratic allegations that Minority Leader Mitch McConnell (R-Ky.) and NRSC Chairman John Cornyn (R-Texas) held a closed door meeting with Wall Street executives last week.

A spokesman for the majority leader said the fundraiser, which raised about $37,000, did not sway Reid’s actions on financial reform.

"The only issue here is that they wasted their money," said Jim Manley, a spokesman for Reid.

Though donating to his campaign, Goldman Sachs reportedly criticized Reid at the fundraiser for his "anti-Wall Street" rhetoric.

Reid “declined to comment on the fundraiser while speaking to reporters today.”

"Everything that we have done in this legislation has been as transparent as it can be," Reid said in response to a question about the fundraiser. "I think that it’s pretty clear that I’m leading the effort to rein in Wall Street, make them more accountable, end the too big to fail."

(credit image – associated press)

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1 Comment

Filed under Banks, Party Leadership, Wall Street

One response to “Reid Defends Wall Street Fundraiser

  1. Ryder

    Wall Street needs to go…period. That entity only makes things worse because it is run by rich people and crooks just like Washington. A scratch my back and I’ll scratch yours private society. I wonder how many of them belong to the elite Skull and Bones society?

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