Forty years ago, a burglary at the Watergate Hotel was the beginning of what was to become one of the worst political and campaign-finance scandals of the 20th century. This eventually led to the downfall of Republican President Richard Nixon. According to finance reform activist Fred Wertheimer:
"After Watergate, 20 corporations were criminally convicted for illegal campaign-finance activities. The hotel break-in itself was financed with secret campaign contributions.
Consider, ITT pledged $400,000 to help finance the 1972 Republican convention, and the Justice Department quickly settled an antitrust case in ITT’s favor. Nixon himself intervened in the case. The dairy industry gave $2 million to the Nixon campaign and soon got the increase in dairy price supports they were seeking. Nixon overrode his Agriculture Department’s objection to put these supports in place."
"Seventeen people have given the republican SuperPACs half of their money." - Sen. Schumer.Watch Bernie Sanders talk about undoing the Citizens United decision here: