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Federal Lawmakers Silent on Tainted HSBC Funds - Will Menendez, Garrett return "blood money"?
The Revered Review ^ | July 27, 2012 | Steve Peacock

Posted on 07/27/2012 1:41:08 PM PDT by Steve Peacock

Two New Jersey lawmakers tasked with federal oversight of the banking industry are keeping quiet about whether they will return “blood money” donated to their campaign war chests.

HSBC executives already have appeared before the U.S. Senate for the bank’s global role in a drug-gang and terrorist money laundering scandal. However, The Revered Review is now pressing Sen. Robert Menendez (D-N.J) and Rep. Scott Garrett (R-N.J./5th District) about what they plan on doing with the tens of thousands of combined dollars that the scandal-plagued bank’s political action committee has given them...

TRR analyzed Federal Election Commission records specific to the company PAC’s generosity toward Congress. Our investigation centered upon two congressional panels with primary oversight of the industry: The Senate Committee on Banking, Housing & Urban Affairs, and the House Committee on Financial Services.

Menendez and Garrett are the sole N.J. representatives on those committees.

(Excerpt) Read more at thereveredreview.com ...


TOPICS: Crime/Corruption; Government; Politics/Elections; US: New Jersey
KEYWORDS: campaignfinancing; contributions; hsbc; scottgarrett

1 posted on 07/27/2012 1:41:16 PM PDT by Steve Peacock
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