WALL STREET THANKS GOP FOR LAX OVERSIGHT

From progressreport.org

WALL STREET THANKS GOP FOR LAX OVERSIGHT: The Washington Post reports
the convention "is being bankrolled and feted to an extraordinary degree
by the financial services behemoths
(http://www.washingtonpost.com/wp-dyn/articles/A45286-2004Aug29.html)
...Hardly a meal or cocktail hour will pass that won't find a securities
firm or a venture capitalist hosting members of Congress, key committee
staffers, Republican Party officials who control the investment of
state pension funds." President Bush now lists the financial services
industry among his top contributors
(http://www.opensecrets.org/presidential/indus.asp?id=N00008072&cycle=2004)
. It is all payback for the administration's willingness to water down
serious corporate reform in the wake of the Enron scandal, and its
strong support of anti-consumer bankruptcy legislation
(http://www.commondreams.org/headlines01/0313-02.htm) that gives even
more power to credit card companies. However, at least one of the
industry's key GOP point men may be in hot water over this kind of aggressive
fundraising. Rep. Michael Oxley (R-OH), chairman of the House Financial
Services Committee, "was the guest of honor at 19 of 45 events" and is
now under scrutiny by the FBI
(http://www.mansfieldnewsjournal.com/news/stories/20040831/localnews/1148885.html)
for election law violations.