Tag Archives: wall street

The Wall Street Disease

The Immediate Problem

One change we will have to make is the classification of a new, but old mental disorder that has spread within the banking community on Wall Street and now around the world. It is called excessive greed, it is a disease.

This disease stems from what once was recognized in scientific circles as extreme antipathy and falls under the modern category of a compulsion – like an addiction to gambling, or the urge to pull out one’s own hair – this disease effects people differently, it is either external or internal.

We all suffer from this condition to some extent, but like heavy drinking or jumping off a cliff most of us have our stop measures intact; we know when to quit.

Some people don’t. It’s apparent that the smartest guys on Wall Street don’t know when to stop and they have proven this time and time again.

However, I believe the condition “excessive greed” is too common a term as a description for such a devastating disease – I suggest, acute gula avaritia – (extreme gluttony and avarice) and further, rank the extent of this compulsion by degrees.

Of course, many compulsion are often accompanied by other maladies, if you suffer from acute gula avaritia you are most likely to also suffer from superbia – a.k.a. hubris – the common and most popular term for this malady is known as bullying.
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- acute ire gula avaritia -

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Again, this compulsion also ranks in matters of degrees. In extreme cases a person suffering from a combination of these two compulsions will go to excessive measures to hide their disease – they become very secretive and will go to great lengths to cover their tracks. Of course, this mask or behavior only deceives those who do not understand the signs of the disease, and there are those who clearly see the symptoms, but do not know what the disease is called.

However, there is a light at the end of the tunnel – there is a cure and it is simple and very cost effective; although it may take years or a life time, like any addiction, for the patient to overcome or control acute ire gula avaritia. This treatment or practice the consumed must adhere to is called, empatheia a.k.a. empathy.

When more science blogs and psychologist focus their writings on this diseases, when they publish, with fanfare, the conclusive data we have so far, when every day people learn the language and are educated enough to recognize and spot a loved one who suffers from this malady we could have acute ire gula avaritia under control in no time.

Catch it now, before it becomes an epidemic.

Some well know and highly respected victims of this devastating disease

In the meantime, and in keeping with the simplicity popular culture demands (that’s another topic) I find that it is best to call this malady in a recognizable term that people throughout the world will understand, The Wall Street Disease.
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#occupywallstreet – what’s next?

Empowerment is right around the corner – all you got to do is want it.

“The American People can have anything they want, trouble is, they don’t want much of anything” -Eugene Debs

One Option – take a good chunk of the protesters around the country and walk into a state – filibusterer!

Change its government, enact the rule of law, fund small business, create affordable housing, universal health care, barter, fund education and good citizenship, finally stop the banking theft – close the banks, develop a stable currency, create an open source government; transparent.

Become the role model for the nation – you have to build it, and if you build it they will come.

Note: The revolution does not come to you, you must go to the revolution.
“The most heroic word in all languages is revolution.”

Suggestions: Liberals should head to Vermont – Libertarians to New Hampshire

simplicity, simplicity, simplicity
free state project

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Direct Democracy – Sen. Michael Graval about 13:00 in

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become settlers – how do you think the US won the west?
people showed up – become a settler
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“Freedom is participation in power.” ― Marcus Tullius Cicero.
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what we have now is dangerous

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who controls your life?

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be an unreasonable person
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Congress Insider Trading

Martha Stewart went to jail for it. Hedge fund honcho Raj Rajaratnam was fined $92 million and will go to jail for years for it. But members of Congress can do the same thing -use non-public information to make stock trades — and there’s no law against it. Steve Kroft reports on how America’s lawmakers can legally make tidy profits on information only they know, simply because they won’t pass a law against themselves. The report will be broadcast on Sunday, Nov. 13 at 7 p.m. ET/PT.

Among the revelations in Kroft’s report:

* Members of Congress have bought stock in companies while laws that could affect those companies were being debated in the House or Senate.

* At least one representative made significant stock purchases the day after he and other members of Congress attended a secret meeting in September 2008, where the Fed chair and the treasury secretary informed them of the imminent global economic meltdown. The meeting was so confidential that cell phones and other digital devices were confiscated before it began.

If senators and representatives are using non-public information to win in the market, it’s all legal says Peter Schweizer, who works for the Hoover Institute, a conservative think tank. He has been examining these issues for some time and has written about them in a book, “Throw them All Out.” “[Insider trading laws] apply to corporate executives, to Americans…If you are a member of Congress, those laws are deemed not to apply,” he tells Kroft. “It’s really the way the rules have been defined…[lawmakers]have conveniently written them in such a way as they don’t apply to themselves,” says Schweizer.

Efforts to make such insider trading off limits to Washington’s lawmakers have never been able to get traction.

Former Rep. Brian Baird says he spent half of his 12 years in Congress trying to get co-sponsors for a bill that would ban insider trading in Congress and also set some rules up to govern conflicts of interest. In 2004, he and Rep. Louise Slaughter introduced the “Stock Act” to stop the insider trading. How far did they get? “We didn’t get anywhere. Just flat died,” he tells Kroft. He managed to get just six co-sponsors from a membership of over 400 representatives. “It doesn’t sound like a lot,” says Kroft. “It’s not Steve. You could have Cherry Pie Week and get 100 co-sponsors,” says Baird.
article

The MF Global Scandal

Life Inc

Are you an Assembly-Mind Worker?
If you support Obama or Romney you are.
What is an AMW? A corporatist, someone who conducts their day and life like a business. One who accepts the values of the corporation, a disconnected from human beings. Treats others like employees rather than citizens, regards their betters by the size of their bank account or investments. Some predominate Assembly-Mind corporatist are Bill Gate, Warren Buffett, Donald Trump, George Bush and Barack Obama.

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Occupy Wall $treet

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austerity

awake

Fed’s Dudley Got Waiver to Keep AIG Holdings

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fraud larceny theft
the potters picking up some bargains
don’t panic – stick together – SAY NO! To Austerity

Picture #1 – Under Bush
US Treasury Secretary Paulson (Goldman Sachs)
NY Federal Reserve President Geithner (IMF)
Federal Chairmen Bernanke

Picture #2 – Under Obama
US Treasury Secretary Geithner (NYFR & IMF)
NY Federal Reserve President Dudley (Goldman Sachs)
Federal Chairmen Bernanke

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Ideas for Revolution
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Hitmen Come home

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The Crisis

Please listen and think.

The Government took our money out of the economy and gave it to the banks.

The banks are hoarding this money and giving themselves bonuses, gambling in more risky ventures, and finding ways to scam the consumer. We are in a state of moral hazard; no penalties for banks and politicians that commit crimes.

This hording of money  and their irresponsi­bility has cut the flow – liquidity – into the economy forcing you to drain your savings and pension just to survive.

The banks are cutting credit, they are squeezing business to cut back employees, make those who are left work harder and longer for less and forcing all of us to fall deeper and deeper in debt to them. This is eroding our standard of living and pointing us as a nation and people towards the direction of a 2nd and 3rd world economy. A sharp divide between the rich and the poor. A place where the middle-class can not survive.

Austerity is being forced upon the American people against their will.

This austerity is not your responsibi­lity.

Debt is not a crime, Foreclosur­e is not a crime, Bankruptcy is not a crime.

Fraud, Larceny and Theft are crimes. The FED, the Big Banks on Wall Street and the politician­s are committing crimes.

Until these banks and politician­s are stopped your future, all our futures will consist of endless chaos, poverty and debt.

Take action now – get loud!

These guys mean business and they are NEVER going to come around in your favor, you can bank on that.

Solution:
This system has to end. All the quantitati­ve easing and bank bailouts only maintain this corrupt system. It is keeping fraud alive.

The wealthy and the corrupt political powers bought and in charge have to fall. Their present debt, hidden by an Act of Congress, surpasses the world’s economy.

We have to close these banks and arrest the crooks.

We are being held hostage and will never free ourselves from the shackles of these banks until we put an end to them.

We can start over, history is proof.

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Senators Who Voted For Wall Street

The US Senate has rejected a proposal that would split up the six largest banks in an effort to ensure that large financial firms do not threaten the economy if they fail.

The measure, which failed by a vote of 33 to 61, would have placed hard limits on banks’ market share of insured deposits and limited the size of their non-deposit liabilities.

U.S. Senate Roll Call Votes 111th Congress – 2nd Session

as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate

Vote Summary

Question: On the Amendment (Brown (OH) Amdt. No. 3733 )
Vote Number: 136 Vote Date: May 6, 2010, 08:47 PM
Required For Majority: 1/2 Vote Result: Amendment Rejected
Amendment Number: S.Amdt. 3733 to S.Amdt. 3739 to S. 3217 (Restoring American Financial Stability Act of 2010)
Statement of Purpose: To impose leverage and liability limits on bank holding companies and financial companies.
Vote Counts: YEAs 33
NAYs 61
Not Voting 6

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Grouped By Vote Position
YEAs —35
Barrasso (R-WY)
Bingaman (D-NM)
Bond (R-MO)
Brownback (R-KS)
Burr (R-NC)
Cantwell (D-WA)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
Ensign (R-NV)
Enzi (R-WY)
Feingold (D-WI)
Grassley (R-IA)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Kohl (D-WI)
Kyl (R-AZ)
Lincoln (D-AR)
McCain (R-AZ)
McConnell (R-KY)
Merkley (D-OR)
Murkowski (R-AK)
Risch (R-ID)
Roberts (R-KS)
Sessions (R-AL)
Shelby (R-AL)
Snowe (R-ME)
Thune (R-SD)
Wicker (R-MS)
Wyden (D-OR)
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NAYs —59
Akaka (D-HI)
Alexander (R-TN)
Baucus (D-MT)
Bayh (D-IN)
Begich (D-AK)
Bennet (D-CO)
Boxer (D-CA)
Brown (D-OH)
Brown (R-MA)
Burris (D-IL)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Dodd (D-CT)
Dorgan (D-ND)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Graham (R-SC)
Gregg (R-NH)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD)
Kaufman (D-DE)
Kerry (D-MA)
Klobuchar (D-MN)
Landrieu (D-LA)
Lautenberg (D-NJ)
LeMieux (R-FL)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
McCaskill (D-MO)
Menendez (D-NJ)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Specter (D-PA)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)
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Not Voting – 6
Bennett (R-UT)
Bunning (R-KY)
Byrd (D-WV)
DeMint (R-SC)
Lugar (R-IN)
Vitter (R-LA)

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.Alphabetical by Senator Name
Akaka (D-HI), Nay
Alexander (R-TN), Nay
Barrasso (R-WY), Nay
Baucus (D-MT), Nay
Bayh (D-IN), Nay
Begich (D-AK), Yea
Bennet (D-CO), Nay
Bennett (R-UT), Not Voting
Bingaman (D-NM), Yea
Bond (R-MO), Nay
Boxer (D-CA), Yea
Brown (D-OH), Yea
Brown (R-MA), Nay
Brownback (R-KS), Nay
Bunning (R-KY), Not Voting
Burr (R-NC), Nay
Burris (D-IL), Yea
Byrd (D-WV), Not Voting
Cantwell (D-WA), Yea
Cardin (D-MD), Yea
Carper (D-DE), Nay
Casey (D-PA), Yea
Chambliss (R-GA), Nay
Coburn (R-OK), Yea
Cochran (R-MS), Nay
Collins (R-ME), Nay
Conrad (D-ND), Nay
Corker (R-TN), Nay
Cornyn (R-TX), Nay
Crapo (R-ID), Nay
DeMint (R-SC), Not Voting
Dodd (D-CT), Nay
Dorgan (D-ND), Yea
Durbin (D-IL), Yea
Ensign (R-NV), Yea
Enzi (R-WY), Nay
Feingold (D-WI), Yea
Feinstein (D-CA), Nay
Franken (D-MN), Yea
Gillibrand (D-NY), Nay
Graham (R-SC), Nay
Grassley (R-IA), Nay
Gregg (R-NH), Nay
Hagan (D-NC), Nay
Harkin (D-IA), Yea
Hatch (R-UT), Nay
Hutchison (R-TX), Nay
Inhofe (R-OK), Nay
Inouye (D-HI), Nay
Isakson (R-GA), Nay
Johanns (R-NE), Nay
Johnson (D-SD), Nay
Kaufman (D-DE), Yea
Kerry (D-MA), Nay
Klobuchar (D-MN), Nay
Kohl (D-WI), Nay
Kyl (R-AZ), Nay
Landrieu (D-LA), Nay
Lautenberg (D-NJ), Nay
Leahy (D-VT), Yea
LeMieux (R-FL), Nay
Levin (D-MI), Yea
Lieberman (ID-CT), Nay
Lincoln (D-AR), Yea
Lugar (R-IN), Not Voting
McCain (R-AZ), Nay
McCaskill (D-MO), Nay
McConnell (R-KY), Nay
Menendez (D-NJ), Nay
Merkley (D-OR), Yea
Mikulski (D-MD), Yea
Murkowski (R-AK), Nay
Murray (D-WA), Yea
Nelson (D-FL), Nay
Nelson (D-NE), Nay
Pryor (D-AR), Yea
Reed (D-RI), Nay
Reid (D-NV), Yea
Risch (R-ID), Nay
Roberts (R-KS), Nay
Rockefeller (D-WV), Yea
Sanders (I-VT), Yea
Schumer (D-NY), Nay
Sessions (R-AL), Nay
Shaheen (D-NH), Nay
Shelby (R-AL), Yea
Snowe (R-ME), Nay
Specter (D-PA), Yea
Stabenow (D-MI), Yea
Tester (D-MT), Nay
Thune (R-SD), Nay
Udall (D-CO), Nay
Udall (D-NM), Yea
Vitter (R-LA), Not Voting
Voinovich (R-OH), Nay
Warner (D-VA), Nay
Webb (D-VA), Yea
Whitehouse (D-RI), Yea
Wicker (R-MS), Nay
Wyden (D-OR), Yea


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U.S. Senate Roll Call Votes 111th Congress – 2nd Session

as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate

Vote Summary

Question: On the Amendment (Ensign Amdt. No. 3898 )
Vote Number: 135 Vote Date: May 6, 2010, 08:25 PM
Required For Majority: 1/2 Vote Result: Amendment Rejected
Amendment Number: S.Amdt. 3898 to S.Amdt. 3733 to S.Amdt. 3739 to S. 3217
Statement of Purpose: To amend the definition of the term “financial company” for purposes of limits on nondesposit liabilities.
Vote Counts: YEAs 35
NAYs 59
Not Voting 6

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Grouped By Vote Position
YEAs —35
Barrasso (R-WY)
Bingaman (D-NM)
Bond (R-MO)
Brownback (R-KS)
Burr (R-NC)
Cantwell (D-WA)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
Ensign (R-NV)
Enzi (R-WY)
Feingold (D-WI)
Grassley (R-IA)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Kohl (D-WI)
Kyl (R-AZ)
Lincoln (D-AR)
McCain (R-AZ)
McConnell (R-KY)
Merkley (D-OR)
Murkowski (R-AK)
Risch (R-ID)
Roberts (R-KS)
Sessions (R-AL)
Shelby (R-AL)
Snowe (R-ME)
Thune (R-SD)
Wicker (R-MS)
Wyden (D-OR)
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NAYs —59
Akaka (D-HI)
Alexander (R-TN)
Baucus (D-MT)
Bayh (D-IN)
Begich (D-AK)
Bennet (D-CO)
Boxer (D-CA)
Brown (D-OH)
Brown (R-MA)
Burris (D-IL)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Dodd (D-CT)
Dorgan (D-ND)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Graham (R-SC)
Gregg (R-NH)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD)
Kaufman (D-DE)
Kerry (D-MA)
Klobuchar (D-MN)
Landrieu (D-LA)
Lautenberg (D-NJ)
LeMieux (R-FL)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
McCaskill (D-MO)
Menendez (D-NJ)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Specter (D-PA)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)

Not Voting – 6
Bennett (R-UT)
Bunning (R-KY)
Byrd (D-WV)
DeMint (R-SC)
Lugar (R-IN)
Vitter (R-LA)

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Alphabetical by Senator Name
Akaka (D-HI), Nay
Alexander (R-TN), Nay
Barrasso (R-WY), Yea
Baucus (D-MT), Nay
Bayh (D-IN), Nay
Begich (D-AK), Nay
Bennet (D-CO), Nay
Bennett (R-UT), Not Voting
Bingaman (D-NM), Yea
Bond (R-MO), Yea
Boxer (D-CA), Nay
Brown (D-OH), Nay
Brown (R-MA), Nay
Brownback (R-KS), Yea
Bunning (R-KY), Not Voting
Burr (R-NC), Yea
Burris (D-IL), Nay
Byrd (D-WV), Not Voting
Cantwell (D-WA), Yea
Cardin (D-MD), Nay
Carper (D-DE), Nay
Casey (D-PA), Nay
Chambliss (R-GA), Yea
Coburn (R-OK), Yea
Cochran (R-MS), Yea
Collins (R-ME), Yea
Conrad (D-ND), Nay
Corker (R-TN), Yea
Cornyn (R-TX), Yea
Crapo (R-ID), Yea
DeMint (R-SC), Not Voting
Dodd (D-CT), Nay
Dorgan (D-ND), Nay
Durbin (D-IL), Nay
Ensign (R-NV), Yea
Enzi (R-WY), Yea
Feingold (D-WI), Yea
Feinstein (D-CA), Nay
Franken (D-MN), Nay
Gillibrand (D-NY), Nay
Graham (R-SC), Nay
Grassley (R-IA), Yea
Gregg (R-NH), Nay
Hagan (D-NC), Nay
Harkin (D-IA), Nay
Hatch (R-UT), Yea
Hutchison (R-TX), Yea
Inhofe (R-OK), Yea
Inouye (D-HI), Nay
Isakson (R-GA), Nay
Johanns (R-NE), Nay
Johnson (D-SD), Nay
Kaufman (D-DE), Nay
Kerry (D-MA), Nay
Klobuchar (D-MN), Nay
Kohl (D-WI), Yea
Kyl (R-AZ), Yea
Landrieu (D-LA), Nay
Lautenberg (D-NJ), Nay
Leahy (D-VT), Nay
LeMieux (R-FL), Nay
Levin (D-MI), Nay
Lieberman (ID-CT), Nay
Lincoln (D-AR), Yea
Lugar (R-IN), Not Voting
McCain (R-AZ), Yea
McCaskill (D-MO), Nay
McConnell (R-KY), Yea
Menendez (D-NJ), Nay
Merkley (D-OR), Yea
Mikulski (D-MD), Nay
Murkowski (R-AK), Yea
Murray (D-WA), Nay
Nelson (D-FL), Nay
Nelson (D-NE), Nay
Pryor (D-AR), Nay
Reed (D-RI), Nay
Reid (D-NV), Nay
Risch (R-ID), Yea
Roberts (R-KS), Yea
Rockefeller (D-WV), Nay
Sanders (I-VT), Nay
Schumer (D-NY), Nay
Sessions (R-AL), Yea
Shaheen (D-NH), Nay
Shelby (R-AL), Yea
Snowe (R-ME), Yea
Specter (D-PA), Nay
Stabenow (D-MI), Nay
Tester (D-MT), Nay
Thune (R-SD), Yea
Udall (D-CO), Nay
Udall (D-NM), Nay
Vitter (R-LA), Not Voting
Voinovich (R-OH), Nay
Warner (D-VA), Nay
Webb (D-VA), Nay
Whitehouse (D-RI), Nay
Wicker (R-MS), Yea
Wyden (D-OR), Yea

Senators Opposing the SAFE Banking Act and How They Profit
via open secrets

Supporters:
Kaufman $0
Sherrod Brown $1,620,430
Casey $1,355,841
Harkin $2,534,445
Merkley $721,157
Sanders $181,095
Whitehouse $1,222,607
Durbin $3,055,424
Burris $4,900
Dorgan $1,455,834
Franken $1,022,598

Opponents:

Conrad  $2,507,437
Bill Nelson $3,213,078
Begich $412,637
Warner $2,632,766
Gregg $1,070,249
Grassley $2,605,399
Enzi $1,087,043
Sessions $2,158,535
Crapo $1,779,063
Ensign $2,589,370
Alexander $4,940,775

Also Visit  wall street watch

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