A Message From Nick...

Thursday, October 16, 2008

DENNIS MOORE TOOK $34,000 FROM FINANCIAL INSTITUTIONS ON THE SAME DAY HE VOTED TO BAIL THEM OUT

For those of you who couldn’t be at today’s press conference, I want to share some of what was discussed.

First: Dennis Moore took nearly $34,000 in donations from financial institutions on the SAME DAY he voted to bail them out. That’s in addition to the $30,000 he has taken from Fannie Mae and Freddie Mac, and the nearly $2 million in financial institution money he taken over his ten years on the House Financial Services Committee

Second: In 2007, the House passed a bill to establish a new regulator for Fannie Mae and Freddie Mac. However, during consideration of this bill, Dennis Moore co-authored an amendment to limit the authority of the new regulator. The Wall Street Journal criticized the amendment that Dennis co-sponsored, argued for, and voted for. What was Dennis thinking?

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