Big Dem Gov to regulate business

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The House Financial Services Committee voted Wednesday to give regulators the authority to break up "too big to fail" financial firms if they pose a systemic risk to the economy, in an effort to prevent future financial crises. The vote passed by a 38-29 margin, with three Democrats - Melissa Bean (D-IL), Dan Maffei (D-NY), and Gregory Meeks (D-NY) - crossing party lines to join all Republicans voting no.

The three Democrats voting no received an average of $99,483 from banks' PACs in the last two years, 119% more than the average of $45,358 received by the 38 Democrats voting for tougher regulation. The measure was fiercely opposed by the financial industry.

For the full report, and to see how each member voted:

http://maplight.org/committee_dems_voting_no_to_tougher_finance_regulations_received_twice_as_much_money