The Nation - News from Aug. 5, 1986

A study by a consumer lobby group showed that political action committees representing banking interests have contributed more than $48 million to Senate candidates, with 28% going to members of the Senate Banking, Housing and Urban Affairs Committee. “At a time when banking issues have captured the attention of Capitol Hill, the banks’ multimillion-dollar investments are well-targeted to influence pending legislation,” said Gene Karpinski, executive director of U.S. Public Interest Research Group.