From the article on banks' contributions to Democrats:
Quote:
The amount of money at stake, a maximum of $15,000 per bank, means the gesture is symbolic rather than material
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Senatorial campaigns average some
$10 million these days so that is just a drop in the bucket. Whether it would affect contributions to PACs, which can be made anonymously, is another story. As one of Senator Warren's constituents I wholeheartedly endorse her advocacy of breaking up the large money-center banks. One of the sad ironies of the policies employed to resolve the financial crisis of 2008 was the reduction in the number of large banks to now just four on the grounds of providing greater "stability" and liquidity. The anti-competitive aspects of these policies were swept under the rug.