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Of the $95 million given by banks, brokers, and real estate interests to federal candidates and political parties this season, $2,000 was given to Wyoming Senator Mike Enzi.
America's troubled financial industry has already given more in political contributions this election season than it did in the entirety of the last election cycle, the Wall Street Journal reported Saturday.
Of the $95 million given by banks, brokers, and real estate interests to federal candidates and political parties this season, $2,000 was given to Wyoming Senator Mike Enzi.
That contribution came from Countrywide, the troubled company at the center of the current nationwide mortgage crisis.
On November 26, 2007, Countrywide stock dropped over 10% to a level of $8.64 per share when the firm faced bankruptcy rumors and a fraction of its value in 2006. In January, Bank of America agreed to buy Countrywide for $4 billion in an all-stock transaction.
The contribution was entirely legal, and some lobbyists with the financial industry say donations assist in building relationships.
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