Barney Frank Received $60,000 From Wall St.
Roll Call reports:
Just three months after the enactment of a sweeping financial regulatory overhaul bearing his name, Rep. Barney Frank (D-Mass.) said he is having mixed success raising money from the financial services industry for his re-election campaign.
“Some of them have been helpful, ” the House Financial Services chairman told Roll Call on Tuesday. “Some of them haven’t.”
Campaign finance records show that Frank has received nearly $60, 000 in campaign contributions since Wednesday from insurance and banking executives and their companies’ political action committees.
Frank is a GOP target this cycle, and the Boston Herald reported last week that his Republican challenger, management consultant Sean Bielat, “hauled in hefty donations from deep-pocketed financiers” while on a recent tour of the New York Stock Exchange.
Frank sent out a fundraising letter this month that said “a national coalition of right-wing forces” was conspiring against his bid for a 16th term. “The right desperately wants to defeat me not only because I am outspoken, but because I am effective,” Frank wrote. “Recently, I led successful efforts to pass what the Washington Post called ‘the most sweeping reform of Wall Street since the Great Depression.’”
