If Citigroup, JPMorgan Chase and other big banks wanted to send a message to congressional Democrats with a “symbolic” withholding of donations, they can rest assured it was heard — but not in the way they intended.
The gesture by the banks to each withhold $15,000 in donations to the Democratic Senatorial Campaign Committee until lawmakers like Elizabeth Warren of Massachusetts and Sherrod Brown of Ohio softened their tone on Wall Street was first reported last week by Reuters.
Warren immediately seized on the report, using it in a defiant fundraising appeal for her network of supporters nationwide to make up the amount in contributions to the Senate campaign fund.
“The big banks have thrown around money for years,” she wrote in an e-mail posted on her blog. “But they are moving out of the shadows. They have reached a new level of brazenness, demanding that Senate Democrats grovel before them.”
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