John Boehner (R-OH) Bought and Paid for by America's Bankers

John Boehner (R-OH) Tells Bankers To Fight Financial Reform: ‘Don’t Let Those Little Punk Staffers Take Advantage Of You’

In February, Boehner met “over drinks” with JP Morgan Chase CEO Jamie Dimon, where he “made a pitch” for Wall Street support by explaining that “Republicans had stood up to Mr. Obama’s efforts to curb pay and impose new regulations.” Sen. John Cornyn (R-TX), chairman of the National Republican Senatorial Committee, “said he visited New York about twice a month to try to tap into Wall Street’s ‘buyers remorse’” with Democrats. These pitches had some effect too; last year, “major Wall Street players began sending an increasing share of their donations to Republicans.”

Prior to Boehner’s speech, American Bankers Association President Edward Yingling urged delay in the financial reform effort, because “every day that passes gives more leverage to [Banking Committee Ranking Member Richard Shelby (R-AL)].” In his career, Boehner has received $3.4 million from the financial services industry, which is $1.2 million more than he’s received from any other industry.