In Wake of Ruling, Wall Street CEOs Form Conservative ‘Action Tank’

From The Raw Story:

Just three weeks ago, the United States Supreme Court ended a ban on corporate spending in political elections, drawing intense criticism for the ruling’s potential to erode the democratic process.

This week, a group that includes some of the wealthiest Republican CEOs on Wall Street have formed a group to take advantage of new fundraising possibilities for the GOP.

The Supreme Court ruling could potentially allow the group, called the American Action Network, to take unlimited contributions from corporations for use in political campaigns.

“This administration as well as Citizens United [the Supreme Court ruling] — when you combine the two the prospects for funding these types of efforts are greatly enhanced,” said Norm Coleman, one of the group’s organizers.

Coleman called the group an “action tank” or a “think-and-do tank.”

[Read more at The Raw Story]

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  • Cowicide

    And so the war begins.

  • Cowicide

    And so the war begins.

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