Commemorative Series No. 3 · The Fine Print
OUTSPENTNo. 37/74
Mel
Martinez
U.S. Senate · R-FL
Taken from the card industry
$37,300
S.256 · the bankruptcy bill · 2005tap to flip ⤺
WHO THEY WORK FORNo. 37/74
Card-Issuing Banks$27,300
Credit Cards$10,000
Made it harder to clear credit-card debt in bankruptcy. Filings got ~38% costlier; insolvency didn't fall. · 109-1-44OUTSPENT
Card 37 of 74 · tap the card to see who they work for
Beyond the check
The check is only the part you can see.
They took
$37,300
The industry spent on the bill
$100M+
on an eight-year industry push to pass the bankruptcy bill
Then, after office
Became a JPMorgan Chase executive in 2010.
Source: JPMorgan, 2010
The industry figure is lobbying spent on the bill, not a payment to this senator. Source: contemporary reporting (NBER; PBS Frontline). Everything here is documented public record; nothing alleges an illegal act.
Don't recognize a logo? Here's the key.
Card-Issuing Banks$27,300
Am. Bankers Assn.$10,000
Am. Financial Services$10,000
Citigroup$5,300
Bank of America$1,000
Wells Fargo$1,000
Credit Cards$10,000
American Express$6,500
MBNA$3,000
Discover$500