Tom Reed Confuses NYC for the Southern Tier Online, Shows Who he Truly Represents
This is fitting for a representative that has taken over $1 million in campaign funding from Wall Street and the financial industry - including over $260,000 in this cycle alone - and consistently votes to protect Wall Street at the expense of families here in Western New York, the Southern Tier, and Finger Lakes. The following is a statement from the John Plumb for Congress congressional campaign:
“We appreciate that Congressman Reed is finally coming clean about who he represents in Washington - Wall Street bankers, not the hardworking families here in western New York, the Southern Tier and Finger Lakes,” said Sam Newton, spokesperson for John Plumb for Congress.
According to data compiled by the Center for Responsive Politics, Wall Street and the financial industry have directly given Tom Reed $1,046,076 throughout his career, including $264,485 this election cycle alone. That should be no surprise as Reed has consistently voted for Wall Street at the expense of families here in Western New York, the Southern Tier, and the Finger Lakes region:
- In June, Reed voted along with his House Republican colleagues to block a new fiduciary rule that requires financial advisors to act in their clients’ best interests when giving financial advice, and bars advisors from ripping off clients in order to increase profits.
- Reed has voted to repeal a key mechanism designed to keep Wall Street banks and the financial industry in check to prevent them from crashing our economy again and hurting working families. And he has voted to weaken Wall Street reform that protects Main Street on multiple other occasions.
- Reed voted for a bill almost entirely written directly by lobbyists for a top Wall Street bank that would have repealed a key regulation and allowed Wall Street banks to once again trade derivatives in house. The New York Times called derivatives “a main culprit in the 2008 financial crisis.”
- Reed even voted to allow financial industry advisors who had been convicted of fraud for engaging in predatory lending to veterans to continue to sell securities.