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Securities, investment sector pumps big bucks into politics. (Washington Roundup).(Brief Article)(Statistical Data Included)
WASHINGTON -- Nearly $100 million in soft money poured into Republican and Democratic party coffers during the first six months of 2001, with the securities and investment industry leading the way.
An analysis by the Common Cause Education Fund shows that securities firms donated more than $7 million in unregulated soft money to political parties during the first half of the year. Telecommunications companies came in second at $6.4 million, and labor unions contributed $6.3 million.
Unions, pharmaceutical, companies, the technology industry and banks contributed more than twice as much as they did during the first six months of the 1999-2000 election cycle. …
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