Well, it appears the major financial institutions are taking quite a united stand against political contributions… and they’re getting support from an unlikely source.
This week, J.P. Morgan, Goldman Sachs, Citigroup, Morgan Stanley, and now Facebook have announced they will suspend political contributions to both parties for varying lengths of time. Some of the companies said they don’t want to support politicians who break the rule of law, while others simply announced they will halt donations for at least six months.
Wouldn’t it be great if we could get companies out of the political donation game altogether? Maybe after that, we could severely curtail lobbying.