Rep. Mike Castle’s Conflict of Interest

( For full disclosure I am reprinting this article with this disclaimer. The numbers  used from Open secrets are aggregate, they are compiled from individuals working for or in a specific company or industry. So as in the case of Young, Conaway, it is not the firm as a whole making the contribution,but individuals who work for the firm. If anyone is interested in looking up who the individual contributors  are, here is a link to the FEC page for the 2007-2008 cycle for Mike Castle.http://www.fec.gov/DisclosureSearch/HSRefreshContributorList.do?election_yr=2008&contComeFrom=candList&cand_id =H2DE00072&contCategory =INDIVIDUAL&category =searchCand&searchKeyword=CASTLE  Now it is impossible for myself or anyone to know the reason for each and every contribution, but in my opinion, when you have this much money coming from employees of one law firm or one banking interest to a candidate that sits on the very powerful House Financial Services Committee, there is  good reason for concern of conflict of interest. I will leave it up to the individual voters to make their own decisions).                  Now that we have learned that Christine O’Donnell intends to primary long time Washington insider Rep. Mike Castle (RINO-De) for the Senate seat,  formerly held by even longer Washington insider Joe Biden(unfortunately currently our vice president), there has been questions raised of Ms. O’Donnell’s ability to run a campaign , let alone to make financial decisions on the national scale.

  So, I believe since Mr. Castle’s supporters think it right to bring up past deeds of Ms. O’Donnell, then I would say that Mr. Castle should clean his closet as well.

  Let us start by looking at the 2007-2008 election cycle shall we.

  Here is  a link that show contributions to Mr. Castle for that cycle.

  http://www.opensecrets.org/politicians/contrib.php?cycle=2008&cid=N00009775&type=I&mem=

  As you will see, the number one contributor, amounting to 10% of his campaign contributions is the law firm of Young, Conaway. This is a law firm that deals primarily with bankruptcy and corporate restructuring. They contributed $146,915.

  You will also see that Mr. Castle’s next two largest contributors were Bank of America at number two with $27,950 and coming in at #3 was Morgan Stanley with a paltry $14,850.

  Now those last two sound very familiar and may explain Mr. Castle’s yes vote on the TARP legislation. Of course this is exactly the type of voting you would expect from someone whose supporters describe him as a fiscal conservative, right?

  Oh and by the way , for those who don’t know it, Mr. Castle sits on the House Financial Services Committee, you know the one that oversees and regulates banks and the financial sector. But of course I’m sure that Mr. Castle’s supporters will see absolutely no conflict of interest there.

  In the eyes of Mr. Castle’s supporters, this is exactly the kind of experience that we need to send back to Washington in the Senate, to continue the good work that he has been doing in the House for oh so many years. While those who feel as I do , believe that this is exactly why he must be defeated.

  And one last note to those of you out there still clinging to the idea that Mr. Castle is any kind of conservative, in 2009 while serving on the House Financial Services Committee . In a Vote of 39-29 on legislation to create yet another government bureaucracy that would be known as , The Consumer Financial Protection Agency, Mike Castle was the only, as in no other, as in single Republican vote, to vote with, that’s right you guessed it , he voted with the Democrats against all of his so-called fellow Republicans in favor of growing government once again.

 So to all of you out there that are ready to condemn Christine O’Donnell for her mistakes, you may want to consider the fact that Mr. Castle’s actions were conscious decisions.

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5 Responses to “Rep. Mike Castle’s Conflict of Interest”

  1. Stephen R Maloney Says:

    As a friend and admirer of Christine O’Donnell, I salute you on exposing career politician and ultimate political insider Mike Castle. He’s a total citizen of the Beltway, there to pay off with vote the financial services companies that pour so much cash into his campaign ‘war chest.” Yes, Christine isn’t rich, which seems to bother the News Journal and others who will never — ever — reveal the facts about Castle’s actions in Washington. DE needs a woman of principle in the U.S. Senate. They don’t need a guy who’s sold out to every special interest with a bagful of cash.

  2. frankknotts Says:

    Thank you Stephen, I agree, as you can see by many of my other writings.
    I hope that you will visit the site more often and contribut to the conversation. A lot has been made of Ms. Odonnell’s last campaign and some of the mistakes made. I believe that she should get out in front of this and take away the oppositions ability to use it.

  3. Steve Maloney Says:

    Frank, send me your e-mail and I’ll make sure you get e-mail updates, releases, and the like. I’ll also send you information about the phone “campaign finance reform” Castle is supposedly co-sponsoring in the House. You are bringing out important info about his current campaign finances.

    My e-mail is: TalkTop65@aol.com. All the best.

  4. Frederick Wonnacott Says:

    pertaining to your own excellent post. Quite educational along with We enjoyed reading this at the same time as your various other content articles. Value giving and also keep on the fantastic function.

  5. Dead Cats: Iran Fuels, 08/13/10, (3)22 James Brody | Dead Cats & Clippings - “The liberation of the human mind has been best furthered by…fellows who throw dead cats in sanctuaries.” H. L. Mencken Says:

    […] Rep. Castle: Member of the House Financial Services Committee – March 30, 2010 by frankknotts Rep. Mike Castle’s Conflict of Interest – March 28, 2010 by frankknotts   Opensecrets /politicians/contrib/2008&cid=N00009775= […]

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