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Wall Street Donations To Democratic Campaigns Continue To Plummet

July 8, 2010 by  

Wall Street donations to Democratic campaigns continue to plummet The White House-sponsored financial regulatory reform bill that was passed by the House last week may make it more difficult for Democratic candidates to win a seat in Congress this coming November. reports that many Wall Street executives who made significant financial contributions to Democratic congressional campaigns two years ago are no longer taking calls from solicitors due to their condemnation of the proposed legislation, which many financial experts believe will handicap the already weakened economy.

In fact, contributions from New York’s financial sector to Democratic campaign committees are down 65 percent from two years ago, with the majority of the decrease coming from those who give gifts of $1,000 or more, according to The Washington Post.

"I think at least in the short term there is going to be a great deal of frustration with people who were beating the hell out of us—then turning around and asking for money," a senior financial executive told

Representatives Carolyn Maloney (D-N.Y.) and Paul Kanjorski (D-Pa.) were both specifically mentioned as lawmakers who voted for financial regulatory reform and who are actively soliciting donations from Wall Street executives.

The proposed restrictions, which were passed by the House last week, are now being debated in the Senate. Some political pundits believe the bill may make it to President Obama’s desk for his signature by the end of July.

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  • valricoslash

    The Dems are unbelievable. First they kick you between the legs and then they have the nerve to put their hand out for a donation. If I were Wall street or any other business for that matter, I wouldn’t give a Democrat in any race (including Dog Catcher) a nickle much less $1000 or more. Let them see what their party line votes resulted in. I hope every one of those bastards get their butts kicked in the Novemeber elections for lack of money to finance their campaigns. There are some that we can’t do anything about because their districts are so gerrymandered that they don’t have to spend a dime to get re-elected. But, for the rest–let’s help them to the unemployment line. Then on to 2012 and the greatest landslide rejection of a sitting president in this Nation’s history.

    • Larry Owens

      I agree with every thing you are saying which is after all the TRUTH!

  • marvin

    one thing for sure i will not vote for a dembocrat this country can not afford 6 more years of this set down and shut up crap and some rinos need to be told staighten up or hit the road like mccain and graham

    • Bob Wire

      how did you enjoy the last 8?

      • RAMB

        Am I confused? Or does everything begin with “TERM LIMITS” ON OUR POLITICL LEADERS. Before we can make sense of comprehensive immigration reform we must gain a majority in congress who will stand up and be counted now that the time has come to stop the illegal immigrants at our borders.
        Every member of congress should be restricted to a limited term in office so they can stop working to perpetuate their power and position and get on with the business of representing the people. This will be our leverage to limit the powers and simplify the federal programs these long serving, out of touch, servants of the elite who are reularly dominated by powerful national elements have. Currently the progressives are out of control and well on their way to totally corrupting our system.

  • JC—some-shocking-admissions-from-the-left.html?utm_source=Vision+to+America+Announcements&utm_campaign=82e4da6914-Vision_to_America_Announcements_7_7_2010&utm_medium=email

    “If you’re asking if the United States is about to become a socialist state, I’d say it’s actually about to become a European state, with the expansiveness of the welfare system and the progressive tax system like what we’ve already experienced in Western Europe,” Harvard business and history professor Niall Ferguson declared during Monday’s kickoff session, offering a withering critique of Obama’s economic policies, which he claimed were encouraging laziness.

    Ferguson was joined in his harsh attack by billionaire real estate mogul and New York Daily News owner Mort Zuckerman. Both lambasted Obama’s trillion-dollar deficit spending program—in the name of economic stimulus to cushion the impact of the 2008 financial meltdown—as fiscally ruinous, potentially turning America into a second-rate power.

    “The curse of longterm unemployment is that if you pay people to do nothing, they’ll find themselves doing nothing for very long periods of time,” Ferguson said. “Long-term unemployment is at an all-time high in the United States, and it is a direct consequence of a misconceived public policy.”

    “The real problem we have,” Mort Zuckerman said, “are some of the worst economic policies in place today that, in my judgment, go directly against the long-term interests of this country.”

    “We are, without question, in a period of decline, particularly in the business world,” Zuckerman said. “The real problem we have…are some of the worst economic policies in place today that, in my judgment, go directly against the long-term interests of this country.”

    Zuckerman added that he detects in the Obama White House “hostility to the very kinds of [business] culture that have made this the great country that it is and was. I think we have to find some way of dealing with that or else we will do great damage to this country with a public policy that could ruin everything.”

    • http://?? Joe H.

      Off subject, but are you having trouble getting on these columns?? I have to hit the refresh two times to get them to come up!! It’s driving me nuts!!

      • JC

        I am having problems for sure Joe.

        • http://?? Joe H.

          thanks, I just wanted to make sure it wasn’t my laptop!

          • libertytrain

            Joe – I think that happens at the moment because everyone – or so many are on at that time frame – I’m sure it will get fixed in time as they adjust things – growth is like that! That’s a good thing – just a little inconvenient for us sometimes till it’s adjusted for all the interest – I think it’s like we are all trying to find each other in this time of need – we all have a lot of interest in saving our Country right now -

      • coal miner


        I am having the same trouble too.

  • Grace Hernandez

    How can we not expect that Dem’s will get their buts kicked if they are constantly shooting themselves in the foot. However, there is always a silver lining to every negative that happens, meaning that those people who voted for BO and his left-wing team in November 08 will finally drop their blindfold and help get those jerks out of office during forthcoming elections.

    • Bob Wire

      So you are saying in essence, ~ McSame were da man! ???

      McCain was talking just two day ago, he worries of Al Quada will return !

      worry? ~ It’s a assured! ~ I think Mc Cain wants a US presence in the region as long it takes to extract as much mineral as possible. ~ 50 years! ~ I think Mc Cain is bought and paid for and I look forward to his retirement party .

  • J.M.R.

    wall street needs kicked in the balls for sticking up for that third world S.O.B. non american prick. now maybe they will learn you can’t trust them. we have one in M. Steel. everytime the dick-tater opens his mouth we know we are going to get lied to and screwed.

  • s c

    This is refreshing news, BUT please remember that this is a hardcore THUG administration, and Opathetic has all manner of slush funds to draw on in an emergency. As a last resort, he could use the printing presses at the Fed to try and finance his Hope and Change Monster.
    Put NOTHING past America’s least wanted CRIMINAL. Wall Street is starting to understand why rules and standards encourage business. Oslimeball will never understand that. Programmed parrots aren’t capable of understanding simple concepts that WORK.
    What can be said about someone who thinks unemployment is the same as having a JOB? What can you say about someone who has a CRIMINAL for an attorney general? When you can’t tell the difference between a CRIMINAL and a prez, you MUST know that you have a CRIMINAL for a prez.
    Let Oincompetent destroy the DNC all by himself. Let him run to any country that wil have him. He is a man without a country. You get what you PAY for, eh, progressives?

    • eddie47d

      Wall Street has no rules and standards! That says alot about you!

      • JC

        Wall Street has no rules…sure they do.
        First! Buy a couple of Congressman, Senators and Judges.
        Then! get laws passed that let them do whatever they want.
        And! Let’s have a nice round of golf in the Bahamas to divvy up the pie…don’t forget to bring along a couple of Congressional pets.

        Government involvement in Industry is how it all got so corrupt, and government involvement is what will keep it that way.

        • Bob Wire

          yea, they got rules and standards ~ for other people.

      • TIME

        Whats your investment backround?
        Do you have a 401K?

        • http://?? Joe H.

          edduh is more the piggy bank type!!!!!

          • TIME

            I figure that much, or at least what I call Couch divers, you know people who can’t find two pennys to rub together and dig in the couch for thier life savings.

            But hey I figure why not ask, after all anyone who seems so certain on issues should have some backround. I mean something to sustain such absurd statments.

        • eddie47d

          Wall Street still has no standards and you know exactly what I’m talking about. Oh great defender of their greed and no, Greed is not good.I actually do have 2 piggy banks and have couch dived before but it’s been awhile.

          • http://?? Joe H.

            Hey Time!
            We were both right!!!!

    • Larry Owens

      yep lets hope we only have 2 more years of his imperial rule.


    Why do you think the Barry Sotero theft unit is using all the TARP money to bail out unions and other supporters of his campaign, it is not because he has empathy with them it is because they will be giving the money back to the Deemer campaign coffers….Billions and Billions of stolen tax payer monies for a bunch of dirt bag politicians..


    • Bob Wire

      tell me of a Union that being or has been bailed out ~ I’d like to know more about this. Never mind! I’ll just pull up union bail out and see what I find.
      ~~~ I got it!

      >>Fox’s “$165 billion” “union bailout” is neither
      May 25, 2010 1:00 am ET — 20 Comments

      Fox News and Fox Business personalities have claimed that a bill dealing with union-administered pension funds is a “$165 billion bailout for unions.” In fact, the bill is not a “bailout for unions,” and its sponsor reportedly said it would cost the federal government $8 billion to $10 billion.<>Political criticism (also referred to as political commentary or political discussion) is criticism that is specific of or relevant to politics, including policies, politicians, political parties, and types of government.<<

      Do you find the word "FACTS" anywhere? When persons or party starts calling Presidential Appointees ~ "Czars" ~ I would think them most capable of mislabeling any & everything from that time forward.

      Enjoy your "Fox"

      • http://?? Joe H.

        Barb Wire,
        Well I sure don’t miss hippy Ms Katie!!! All those Tiger stories either!!!

    • Larry Owens

      for 2 years obuma spent the money to bail out the states now that has stopped, it is left up to the governors to balance the budgets.
      of course the special groups (unions) are throwing a fit. I guess we have special groups of people that think they deserve more than normal working people.

  • Mark

    I call this justice. They gave him and other democrats millions of dollars. Now they can experience and enjoy what they bought themselves.
    Frankly Wall Street is full of thieves and does need reform. It just that we have politicians writing bills not to correct what is wrong with the system, but for their own gains. If you want to fix Wall Street than take Karl Icahn’s proposals and pass those. I know that those are not perfect either, but are much better than what these clowns in DC can create, and I certainly do not trust them to use Icahn’s proposals as a starting point.
    In a nutshell he was pushing for taking a lot of the power from CEO and boards of directors and giving them to shareholders (shareholders have the final say and their votes cannot be ignored by the board of directors).

    • Bob Wire

      Mark , They gave the GOP millions, they gave OBama , thousands. Look it up!

      They were hedging their bets! I guess they lost?

  • eddie47d

    I support Campaign Reform and Financial Reform and am disgusted at Republicans for blocking both. Democrates need to get away from the corruption and greed that has permeated Wall Street. You sleep with Wall Streets poison you poison yourself. Democrates and Republicans alike can’t say they have integrity when they beg for money from unscrupulous sources and beg they do.

    • JC

      There’s a simple solution all around:
      Enshrine a system of justice that punishes graft with prison time
      and ban all forms of lobbying (bribery).

      • Bob Wire

        Jc, in that we agree! scary ugh? ~ The GOP and Tea Love Fest is blocking it you know?

        • TIME

          BW, lets see if you can grasp simple math, Congress more democrats that reps.
          Senate more democrats that reps, so whos blocking what again?

          Ok now that simple math question, is 10 a larger number than 1?

  • http://Verizon Bud G.

    Edie47d: I agree that Financial reform is needed and that Congress has soiled hands.

    The problem I have with the Financial Reform legislation is it was written by the very same people who created this financial mess. It is like double jeopardy and reflects the incompetence of this Administration and Congress and you can bet it wasn’t written to serve our best interests.

    • Bob Wire

      Bud? and the party that brought us to the cross roads has your/my best interest at heart? ~~ I don’t think so!

    • http://?? Joe H.

      Bud G,
      I agree that reform is needed, I just question the progressives timing of asking for it!! Let’s see, there was a story in the news a while back that stated it was going to take some serious money to unseat Obummer and now all of a sudden they start talking about campaign finance reform!!!

  • Stephen Mason

    To me, it is self-evident that the reason Wall Street money is being pulled from the Democrats is because, even though the fin reg bill is not perfect, it makes a good start on reigning in the excesses of a financial sector gone berserk. You have to give Dems credit for putting principle before profit – this is rare in politics as we all know.

    Free money courtesy of the government printing press is the only thing keeping the economy afloat – this is the main problem. The other problem is that only a very select few are profiting from this extended bailout. We can only hope the Fin Reg bill, when passed, will be sufficient to prevent the house of cards we’ve built over the past 30 years from crashing down on our heads. Reagan era deregulation of the financial industry lit the fuse on the bomb that liquidated the industrial infrastructure of our economy. The resulting liquidity was poured into the financial markets, allowing them to become the bloated corrupt entities they are today. All we’ve done is sold the farm out from under us. Now all we have to eat is cheap currency. This is the elephant in the living room that everyone – especially conservatives – want to pretend isn’t really there.

    So, it is heartening to me that the Wall Streeters don’t like the emerging bill. Maybe government is doing something right for a change, even if it is perhaps too little, too late.

    • Bob Wire

      Stephen, I’m thinking they don’t like it enough~!

  • coal miner
  • mavis


    • Winnie

      My God Mavis, calm down. God created us in his own image? If he is my God, than His skin is red and not blond and blue-eyed. Frankly, right now we need to urgenly help Mother Earth before anything else. Would help if we people would stop fighting amongst ourselves because of God and what is interpreted in the bible. I believe more in peop-le who walk the way of Jesus Christ. No judging, no greed, no hate.

      • http://?? Joe H.

        I’m sure Mavis is created in the same image you were in that you have two arms, two legs were given the ability to give birth to offspring, have red blood in your veins,ect!!! If a blind person were to meet the two of you he couldn’t tell the difference between you!!! That is what Mavis means by in his image!!!

        • Winnie

          Joe H. In many of the American Native beliefs, there are four races and four responsibilities. Many of the Americans whose ancestors practiced their ancient beliefs, say that we are devided into four equal races in four different parts of the earth. The Europeans (Whites), the Asians (Yellows), the Africans (Blacks), and the Americans (Reds). In the Bible in Genesis 1 verse 26 or somewhere there God said, “Let US make man in OUR image, after our own likenesses.” That kind of sounds like what the ancient Americans believed. That is why the Natives believed in balance and responsibilities for each race. The Americans were given the responsibility of taking care of our Mother Earth. Sure we all have two legs and all the other similar likenesses, we also have the brains to think for ourselves and not force our beliefs on others.

      • Bob Wire

        >>God created us in his own image? If he is my God, than His skin is red and not blond and blue-eyed. Frankly, right now we need to urgenly help Mother Earth before anything else.<<

        which begs the question, Do you consider yourself a human having a spiritual experience?


        a spirit having a human experience?

        • Claire

          I understand what Mavis is saying and I understand what Winnie is saying. And I agree with both of them in most of what they say.

        • Winnie

          Bob Wire read my answer above to Joe and decide for yourself and answer your own question. I will be interested in your answer.

    • Bob Wire

      >>EVEN THOUGH GOD SAID IN HIS WORD THAT HOMOSEXUALITY IS AN ABOMINATION). GOD DESTROYED SODOM AND GOMORRAH WITH BRIMSTONE AND FIRE FOR JUST THOSE REASONS.<>In Genesis 18:2, God sends three men, thought by most commentators to have been angels appearing as men,[1] to Abraham in the plains of Mamre. After the angels received the hospitality of Abraham and Sarah, his wife, God reveals to Abraham that he will investigate Sodom and Gomorrah, because their cry is great, “and because their sin is very grievous.”20:21 In response, Abraham reverently inquires of God if he would spare the city if 50 righteous people were found in it, then 45, then 30, then 20 or even 10, with God affirming he would not destroy it after each request, for the sake of the righteous yet dwelling therein.[2] Two of the angels of God proceed to Sodom and are met by Abraham’s righteous nephew Lot, who constrains the angels to lodge with him, and they eat with his family.<<

      We are left to take Abraham's word for it. ~ and we "know", Abraham had a hard enough time just controlling his women.

      It's an old Jewish story told a million times by campfire light to the young one, of the wrath of a jealous vengeful God. So they better do right! Control themselves and their sinful thoughts for God is all knowing and all seeing!

      Great story! ~ but you can believe it your way and neither of us be wrong.

    • Larry Owens

      yes the democrat party is home to all the evils that GOD hates.But they do need votes of any group, they pander to any group if it will sell their vote.. They are really scrapping the bottom of the barrel.

  • http://gmail i41

    edyee has a 401 retirement program. It is called run to the reservation, if you are 1/16 indian, you get free health care, free home built for you and you tribe, free food, free publicity how poor you are even though, you are barely able to show up to work 3days a week, and maybe 1 week a month, of total time on the job. If you are white, you don’t want to wander down the highways going through reservation, because if you get stopped or have a breakdown your vehicle and you will have several abrasions and serious injuries. In Mt., you can be a reservation police officer, if you haven’t been convicted of a felony in the last 6 months.

    • http://?? Joe H.

      As i have told you before, I have friends that are native American that would work you to death trying to keep up with them! If you weren’t such a racist that is so biggoted against them, you would know there are good and bad in every race! Get off the racist attitude, we have enough problems here without it!!

      • Claire

        JoeH—When I think of Native Americans, I always think of what the government did to the women. Appalling. At that time, the governmenet was racist too. Shame on all of them. I would never be able to forgive myself if I had done what those governmnent officials did. And the administrations during those times went along with this horrible deed.
        I co-own a show dog with a guy that is engaged to a lady that is three-quarter Cherokee. She is gorgeous and just as nice as she can be. I really like her. And as you said, there is good and bad in all races. Except muslims-they are all bad as far as I am concerned.

        • Claire

          government — egads, time for me to go to bed. I can’t even spell.

          • http://?? Joe H.

            I and anybody with half a mind knew what you meant!

      • Winnie

        Thank you Joe H.

  • Bob Wire

    Very good Joe H, call him on his transgressions. he’s a wild man!

    Too far out there to for me to address, plus he uses some kind of Ebonics or coded English I’m not familiar with. Too hard to read, impossible to clearing understand, I only get the tenor of his hate of color and social bias.

    It’s a shame people can’t look at other people as individuals and pass the skin or affiliation.

    That such people would think many of us might entertain the notion this desirable or that a world void tolerance might be seen as a “good thing” eludes most of us.

    I’ve saved myself the time to bother with him, but applaud your efforts.

    Wall Street never offered the DNC a lot of money to begin with in comparison to their RNC contributions. If memory serves, 150,000 to the DNC and some 3 million to the GOP.

    There’s plans in the works to address campaign reform as it stands today. I’m sure it’ll be a big fight. The DNC with go head to head with “Special Interest” and all of their supporters, The GOP and their pet monkeys. I noticed that Ms. Angle is getting in line to defend BP tonight.

    Mean old Federal Government demanding Venture Capitalist to clean up after themselves. Poor BP!

    I don’t think Obama took the job with expectation of being popular myself. ~ If he’s a one term President, so be it.

    I’ll accept it, just as I will if he goes two terms.
    Personally, ~ I’d be willing to pay more for fuel if we quit sending US Dollars to Sandmen.

    Personally, ~ I wouldn’t take a nickle of Wall Streets money.

    Personally, ~ I’m ready to see Wall Street hang with Bernie Madoff

    Personally, ~ I am disappointed with the slow recovery and somewhat annoyed the administration choosing the battles they did. But I understand why, ~ knowing the power to address the hard issues erodes rapidly and he had little choice in timing. ~ and for the middle ( 45 to 90 grand) a year crowd, ~ Health Care is eating our lunch if your over 50 and not working for the government, or some premium employer.
    Obama, has a sense of timing, regarding politics that’s almost uncanny. Many times, I’m thinking him too “measured” and maybe too late. ~ But so far, it’s worked to his favor. I know most of you think and see him as “ineffective” ~ that you, the GOP and the Tea Party works to assure his administration progress is seen that way, places you in a sort of blind spot. But true , you have slowed him down quite a bit ~ slowed our economic recovery as well. Thank you! Thank you very much.

    2012 ? ~ We’ll see, won’t we.

  • http://gmail i41

    Joe H, I don’t know what reservation Indians, you are talking about, because I have lived aound and between several reservations all my life. I have worked on several different types of construction jobs. When I say they will not complete a 60 work week, I know what the hell I’m talking about. I have cousins that are married to Indians, so don’t feed me a BS line. If they break a law, off the rez, they run back to where law has a hell of a time bringing them to justice it take FBI agents, not state officers. As for you talking crap, there was a hostage rape that come down, to which side of the center line the females head was pointed since the road was half on the reservation and half on the state property. If you are a pee brained east or west coaster, you don’t know s–t. Get the hell out of the concrete playgrounds of liberal democraps and see some real life. Yravel thru reservations and see the ghettos. I have come onto a train wreck, with a locomotive hitting a couple of horses, with the legs still at the impact point. The hooves had been nailed on either side of the track, the horses didn’t stand chance. But the railroad piad off like slot machines due to free lawyers and phomy press. That is why most big rigs, that truck through reservation, put heavy duty cow grills in front. Indians will run their livestock out on the roads at night, just for the hell of it. So Joe, unlesss you live close to a reservation or have to travel thru them, you don’t know s–t, except the crap you read and hear from the bleeding heart feely meely marixist democrats. Indians and blacks usually always vote over 90% for socialist democrats, a fact! If you want to see waste in investing by the governemnt with our taxpayers money. One reservation has spent over 10 million dollars of taxpayers money and it still can not make a damn dime! No brains but plenty of sitting in dark places drinking.

  • http://gmail i41

    bob wire, I think you are a smooth #9,not a wire to keep fence crawlers out,bob wire has two strands, and you act like a single strand of clothes line type.Could be too much weed or as Indians do, one can of Heet to 5 gallons of water, maybe you like arosal Lysol and a little water better. I never have a problem with color of skin, but when the same rear vents start calling any shade of whites names, then my feelings of getting along, goes out the window. I am part Indian, so when I see the b–l s–t comments about working and not understanding different races, you are blowing crap out of your dual multipurpose vents.Government control over every section of your life and complete depandance on agency idoits, will destroy anyone!! My ancestors would not register as part Indian because, they felt it created lazy asses and total dependance on the government.

  • Bob Wire

    Thanks for writing clearly, that helps a lot.

    As you know there came a time that “all” natives were suppose to register as native Americans. ~

    I’ve always thought such a matter to be a most difficult to do, considering the past history of violence and false promises.

    I don’t think I’d signed it either, anymore then I’d apply for a permit to carry or licenses to own. I need no permission, I need not register for what is mine.

    I commend you on your position in the matter and want to consider you as an individual, a free agent. ~ I’d hope you’d conduct yourself as one and accept that other many, many other people are doing the same.

    till the bitter end,

  • http://Verizon Bud G.

    Bob Wire: You seem to make a lot of assumptions about people. I did not state preference for one party over another and if you assumed I was a Republican, you would be wrong.

    I am also half Indian and half German; worked hard all my life and have never drawn an unemployment check. Even though we may have something in common, the one thing I do not do is put people down. If that is what you enjoy doing, then have at it but at least know what you are talking about before you slam someone.

  • Donald

    It was Greed, Hubris and the “wild animal spirits” of the Banks that got us into this mess. Anyone who thinks that an economic system can operate without rules, must believe that Anarchy is the solution to all our problems. Why is it that “checks and balances” is good for the government, but bad for business?. Someone has to make the rules. Having banks make their own rules is like setting the fox to guard the hen house. The Banks have pretty well destroyed the economy. While Bush/Obama and the bankers they hired to fix things may not know what to do, the origin of the crisis lies with the banks run wild. They need to be reigned in in some way before they do the same thing all over again.

    • http://?? Joe H.

      what about the people that knew they couldn’t afford houses that bought anyway??? Those that bought on the balloon type loan. They knew they couldn’t afford that big payment that was gonna come due. They just wanted to buy and tell people I own a house. some of them couldn’t even afford the rent they were paying yet they took out a loan that required more of a monthly than rent?? Nobody is that stupid!!! I mean some of them couldn’t afford rent on a two bedroom apartment yet thay thought they could afford to buy a three or four bedroom non fixer house?!?!?!? Come on!! Sure, there are a lot of good honest people that are loosing their homeand I feel real bad for them, but there are a lot of people real guilty of terminal stupidity out there as well!!

  • Big Stick

    Wallstreet will give to the people who let them run amok and create financial chaos.

    Don’t be fooled they are your republican conservatives.

    The party who decontroled the financial institutions.

    • JC

      Oh come on! It’s been going on since Hamilton. Try and wrap your head around the BIG picture here. The whole system is corrupt beyond all tolerance.

  • Marion

    Serves Obama right!

  • mavis



    This is the hope of the world, without Jusus there is no hope. Jesus loves you and he is waiting with open arms
    the choice is yours. mehpensacola,fl


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