Koch Calls for End to 'Corporate Welfare' for Wall Street
Billionaire brothers Charles and David Koch are hosting five Republican presidential candidates at an event for major donors this weekend.
Charles Koch photographed in 2007.
Photographer: Bo Rader/Wichita Eagle/MCT via Getty ImagesThis article is for subscribers only.
Charles Koch, the billionaire leader of a conservative network that has pledged to spend hundreds of millions of dollars influencing next year's elections, called for an end to what he called "corporate welfare" for the biggest U.S. banks.
Koch singled out the financial industry as a target Saturday as he welcomed about 450 wealthy donors to a semi-annual retreat at a luxury hotel in California. The group, known as Freedom Partners, supports the free-market ideas Koch has long championed, and includes many of the country's biggest Republican contributors.