McHenry whistles past the graveyard

Submitted by scharrison on Wed, 01/25/2012 - 1:41pm

Riding shotgun to protect his gravy train:

The Cherryville Republican told Richard Cordray, testifying before a House oversight panel, that it wasn't personal, but that Cordray would wield too much ill-defined power that could ultimately hurt financial markets and their customers.

Who have been wielding way too much ill-defined power since Republicans set them free from regulatory constraints over a decade ago. Make no mistake, McHenry has a huge stake in how this turns out:

ADVANCE AMERICA CASH ADVANCE CENTERS INC POLITICAL ACTION COMMITTEE = $10,000

AMERICAN BANKERS ASSOCIATION PAC (BANKPAC) = $5,000

BANK OF AMERICA CORPORATION FEDERAL PAC = $5,000

COMMUNITY FINANCIAL SERVICES ASSOCIATION OF AMERICA POLITICAL ACTION COMMITTEE = $5,000

INDEPENDENT INSURANCE AGENTS & BROKERS OF AMERICA, INC. POLITICAL ACTION COMMITTEE (INSURP = $10,000

INVESTMENT COMPANY INSTITUTE POLITICAL ACTION COMMITTEE = $5,000

MORGAN STANLEY POLITICAL ACTION COMMITTEE = $5,000

MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE = $5,000

NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS POLITICAL ACTION COMM = $4,500

NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS, INC. POLITICAL ACTION COMMITTEE = $3,500

NATIONAL ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE = $5,000

PRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I = $10,000

THE GOLDMAN SACHS GROUP, INC. POLITICAL ACTION COMMITTEE = $11,000

WELLS FARGO AND COMPANY EMPLOYEE PAC (AKA WELLS FARGO EMPLOYEE PAC) = $2,500

There are several more smaller financial sector donors on this list that I haven't shown here. Of the $238,013 in PAC donations for this cycle, about half came from the very people who this Commission will be regulating.

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Surprise, surprise

Submitted by James on Wed, 01/25/2012 - 1:51pm.

McHenry doing what McHenry does best ... trolling for special interests at the expense of regular voters.

Do good. Be nice. Have fun.

Payday lenders

Submitted by scharrison on Wed, 01/25/2012 - 7:33pm.

Taking a look at his contributions from individuals, you'll see a whole lot of payday lenders, including $10,000 from the Mackechnies of AMSCOT Financial. Who appear to have recovered nicely from RICO charges back in 1998:

No. Charge Description Class Court DISP Bond BP Fine Custody Days Charge Count Charge Type
1 RICO VIOLATION F1 31O PENDING $20,000.00 B 1 1 CAPIAS
Report # CT-Case # Date Agency OBTS Number Charge Code CRA Number
9804903 03/25/1998 HCSO 11032807 RICO1000
Remark
INDICTMENT CT2 CONSP TO COMMT RACKETEER

--------------------------------------------------------------------------------
No. Charge Description Class Court DISP Bond BP Fine Custody Days Charge Count Charge Type
2 ORGANIZED FRAUD 20000 TO 50000 DOLLARS F2 31O PENDING $5,000.00 B 1 1 CAPIAS
Report # CT-Case # Date Agency OBTS Number Charge Code CRA Number
9804903 03/25/1998 HCSO 11032807 FRAU7050

Which really shouldn't surprise anybody. McHenry's been pulling a scam on his constituents for years.