By-For-Of The People

Some insight into MBNA’s political inbreeding

The bottom line is that MBNA has given Bush over $600,000, has been very active through political donations and lobbying on Capitol Hill, and relentlessly pushes for legislation that will benefit their bottom line, and despite their rhetoric, usually at the expense of the credit consumer. And it's not just MBNA; Mastercard, Citicorp and other credit card and finance companies play the campaign finance and lobbying game too.

Common Cause: – a good, quick summary on MBNA and CEO Charles Cawley donations to the Bush campaign

WhiteHouseForSale.org: a brief on MBNA’s executive vice chair Lance Weaver; the last few sentences tell a lot

CorpWatch: – I found article #3 to be the most informative about why MBNA would want to pony up to politicians: the bankruptcy bill.

Center for Public Integrity: a more recent article that shows MBNA as THE top contributor to Bush!

Capital Eye: – article discusses how an MBNA lobbying group, the Partnership to Protect Consumer Credit, celebrated the passing of the Fair Credit Reporting Act of 2003.

I stand by my position: the corporations have the ear of our politicians, not the citizens! And it is the lower and middle classes that bear the brunt in financing the huge profits that these corporations reap, not to mention the excessive salaries that their executives haul in. It’s disgusting.

posted by David @ 1:15 AM