Tuesday, July 6th, 2010
6

Excellent! Wall Street firms claim they're going to stop giving money to political candidates, as retribution over minor regulation. That's not going to be true at all, but it'd be a great start.

6 Comments / Post A Comment

DoctorDisaster (#1,970)

If they actually follow through, I'll take back everything I said. Same goes for Michael Bay's promise to have Optimus Prime vaccuum up all the oil in the gulf.

Art Yucko (#1,321)

so Republicans aren't really classified as "political candidates", then!

If all the firms stick with the no-donations plan, then they all profit by punishing lawmakers. However, if one firm defects from the group and makes donations while the others hold back, then that firm will reap much larger rewards at the expense of the "loyal" firms. Obviously, the winning strategy is to defect from the group, which is what all the firms will do, and we're back to politicians getting donations just for showing up, and all the firms lose out.

I love it when a Prisoner's Dilemma comes together.

Aloysius (#1,808)

Are you implying that representatives would make legislative decisions based on receipt of campaign contributions? The scandal!

KarenUhOh (#19)

Next thing you know, rich people will want to stop paying taxes.

We didn't give Senator Pufflestuff any money! We sold him a yacht for $1.

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