Wall Street cash flows to Romney

Chris

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May 30, 2008
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(Reuters) - The captains of Wall Street have picked a presidential candidate for 2012 and it is Republican Mitt Romney, rather than Democratic President Barack Obama, campaign donation records show.

The records released Tuesday by the Federal Election Commission illustrate a basic shift in political giving at the presidential level by the nation's financial elite.

After a fling with Obama - the charismatic Democrat embraced four years ago during the severe credit crisis that erupted under President George W. Bush - Wall Street is backing Romney in a return to its largely Republican inclinations.

Romney's six largest campaign contribution sources in 2011 were executives, family members and affiliated political action committees of Goldman Sachs, JPMorgan Chase, Morgan Stanley, Credit Suisse, Citigroup and Bank of America, according to the Center for Responsive Politics, a Washington, D.C.-based group that monitors campaign finances.

The center said that the leaders of the six Wall Street giants -- which were rescued from ruin by U.S. taxpayers about three years ago -- have given $1.8 million to the Romney campaign.

As for Obama, Goldman Sachs was the sole major financial firm ranked among his top 20 contribution sources for 2011, with gifts of just $64,000 compared with $496,000 to Romney.

Analysis: Wall St. cash flows to Romney over Obama | Reuters
 
Dont worry too much about that.

Once Romney gets the nomination the Wall Street money will flow intorrents to Obama.

Romney is just a place holder stooge just like McCain and Dole so that a populist conservative doesnt get the nomination and upset the rigged gaming tables.
 
Like it makes any difference who wins the election. The Debt grows and sooner or later the US goes bankrupt, probably when the interest on the Debt starts growing faster. I'm amazed the DC clowns aren't banging drums about cutting spending and entitlements yet. Haul out Simpson-Bowles and dust it off as a down payment. Then kill Dodd-Frank, then cut everything again...
 
(Reuters) - The captains of Wall Street have picked a presidential candidate for 2012 and it is Republican Mitt Romney, rather than Democratic President Barack Obama, campaign donation records show.

The records released Tuesday by the Federal Election Commission illustrate a basic shift in political giving at the presidential level by the nation's financial elite.

After a fling with Obama - the charismatic Democrat embraced four years ago during the severe credit crisis that erupted under President George W. Bush - Wall Street is backing Romney in a return to its largely Republican inclinations.

Romney's six largest campaign contribution sources in 2011 were executives, family members and affiliated political action committees of Goldman Sachs, JPMorgan Chase, Morgan Stanley, Credit Suisse, Citigroup and Bank of America, according to the Center for Responsive Politics, a Washington, D.C.-based group that monitors campaign finances.

The center said that the leaders of the six Wall Street giants -- which were rescued from ruin by U.S. taxpayers about three years ago -- have given $1.8 million to the Romney campaign.

As for Obama, Goldman Sachs was the sole major financial firm ranked among his top 20 contribution sources for 2011, with gifts of just $64,000 compared with $496,000 to Romney.

Analysis: Wall St. cash flows to Romney over Obama | Reuters

Despite frosty relations with the titans of Wall Street, President Obama has still managed to raise far more money this year from the financial and banking sector than Mitt Romney or any other Republican presidential candidate, according to new fundraising data...

But Obama has outdone Romney on his own turf, collecting $76,600 from Bain Capital employees through September — and he needed only three donors to do it.

One top banking executive who raises money for Obama, discussing fundraising efforts on the condition of anonymity, said reports of disaffection with the president “are exaggerated and overblown.” He said a strong contingent of financiers in New York, Chicago and California remains supportive of Obama and his economic policies, even as some have turned on him.

But, this donor added, “it probably helps from a political perspective if he’s not seen as a Wall Street guy.”

w-wallstreet--300x696.jpg


you remain an idiot, and a dishonest one at that.

Obama still flush with cash from financial sector despite frosty relations - The Washington Post
 
(Reuters) - The captains of Wall Street have picked a presidential candidate for 2012 and it is Republican Mitt Romney, rather than Democratic President Barack Obama, campaign donation records show.

The records released Tuesday by the Federal Election Commission illustrate a basic shift in political giving at the presidential level by the nation's financial elite.

After a fling with Obama - the charismatic Democrat embraced four years ago during the severe credit crisis that erupted under President George W. Bush - Wall Street is backing Romney in a return to its largely Republican inclinations.

Romney's six largest campaign contribution sources in 2011 were executives, family members and affiliated political action committees of Goldman Sachs, JPMorgan Chase, Morgan Stanley, Credit Suisse, Citigroup and Bank of America, according to the Center for Responsive Politics, a Washington, D.C.-based group that monitors campaign finances.

The center said that the leaders of the six Wall Street giants -- which were rescued from ruin by U.S. taxpayers about three years ago -- have given $1.8 million to the Romney campaign.

As for Obama, Goldman Sachs was the sole major financial firm ranked among his top 20 contribution sources for 2011, with gifts of just $64,000 compared with $496,000 to Romney.

Analysis: Wall St. cash flows to Romney over Obama | Reuters

100 Bucks says Not only does Obama get more money from Wall street than Romney, But I bet he got more money from Wall Street last time as well. In Fact I know he did.
 
Oh I'm quite certain that Obama won't be getting any of that one billion he intends to raise from wall street.:eusa_whistle:
 
Why would Wall Street back the guy who's spent the past three years using them as a scapegoat for his own bad policy decisions? You think they want another four years of this silly shit?
 
Al Gore was caught red handed violating a hundred election laws by soliciting funds from the white house and soliciting funds from foreign donors. The media laughed it off and democrats forgot about it. Now it seems that radical lefties think Wall Street is the enemy. The supreme court ruled that money is speech just like they ruled that women's right to privacy legalized abortion. Live with it lefties and quit whining.
 
Why would Wall Street back the guy who's spent the past three years using them as a scapegoat for his own bad policy decisions? You think they want another four years of this silly shit?

They know that that is the game; protest loudly the policies of those bribing you to avert suspicion.


With all the quantitative easing this administration has been doing, and the bail outs and the monetization of Fed debt you should realize that Wall Street has made more money off Obama than any preceding President.
 
2012 GOP presidential frontrunner Mitt Romney, who has a large lead in the polls heading into the New Hampshire primary tomorrow, has been taking heat from both Democrats and his Republican challengers for his time at Bain Capital, the private equity firm that he headed. Bain’s modus operandi was to invest in companies, leverage them up with debt, and then sell them off for scrap, allowing Bain’s investors to walk away with huge profits while the companies in which Bain invested wound up in bankruptcy, laying off workers and reneging on benefits.

Last week, Reuters profiled one company, Worldwide Grinding Systems, that went belly up after Bain invested in it. The company not only lost 750 jobs, but the federal government had to come in to bail out its pension fund, while Bain walked away with millions in profits.

And according to an analysis by the Wall Street Journal, this was far from an isolated incident. In fact, 22 percent of the companies in which Bain invested wound up either in bankruptcy or shutting their doors entirely, while Bain itself has made billions of dollars for its investors:

Romney's Bain Capital Made Billions While Bankrupting Nearly One-Quarter Of The Companies It Invested In | ThinkProgress
 

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