Delamaide: Bank threat to Democrats backfires

March 31, 2015 11:33 PM

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WASHINGTON — If Citigroup, JPMorgan Chase and other big banks wanted to send a message to congressional Democrats with a "symbolic" withholding of donations, they can rest assured it was heard — but not in the way they intended.

The gesture by the banks to each withhold $15,000 in donations to the Democratic Senatorial Campaign Committee until lawmakers like Elizabeth Warren of Massachusetts and Sherrod Brown of Ohio softened their tone on Wall Street was first reported last week by Reuters.

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