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Friday, May 7, 2010

Harry Reid carrying Wall Street's love child

Senate Majority Leader Harry Reid said Republicans are "making love to Wall Street." In my column today, I lay out the facts that make it clear that Harry Reid is carrying Wall Street's love child -- and it's named "Reform."

Reid's re-election coffers are filled with Wall Street lucre, and his fundraisers and former staffers are lobbyists for the biggest banks. And Reid's legislative history makes it clear that -- befitting the senator from Las Vegas -- the customer gets what the customer pays for.

Reid has raised more money from Wall Street than any Republican House or Senate candidate, according to the Center for Responsive Politics. In fact, among senators seeking re-election, Reid has raised more than the top three Republicans combined. As far as the parties go, it's not even close -- Wall Street has given 60 percent of its cash this year to Democrats, and seven of the top 10 recipients of Wall Street political action committee money are Democrats.

But the Reid-Wall Street relationship is more intimate than that. The real players in this affair are those professionals who walk K Street trading cash for special favors.

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