Study Finds Dems Changed on Dodd-Frank b/c of Contributions

IBT: “But in a new study, researchers led by Thomas Ferguson believe they found a group of public officials that illustrates money’s impact: Democrats who changed their mind about Dodd-Frank.”

“The researchers found that for every $100,000 the financial industry spent on campaign contributions for a House Democrat who voted for Dodd-Frank, they were able to increase the likelihood that same Democrat would vote to dismantle parts of the bill by 13.9 percent, according to the study.

“Democratic representatives who voted in favor of dismantling Dodd-Frank often received $200,000 to $300,000 from the industry. The average House member raised $1.6 million for the 2012 campaign, according to the Center for Responsive Politics.”

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