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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 30 January 2012 [View all]Demeter
(85,373 posts)75. Wall Street execs are major Obama fundraisers
http://www.salon.com/2012/01/26/wall_street_execs_are_major_obama_fundraisers/
Bundlers from the securities industry have raised at least $9 million for the Obama campaign so far...Among these bundlers are employees of big-name firms including Goldman Sachs, Morgan Stanley, Barclays and Citigroup.
Its worth emphasizing that for all the talk about grass-roots fundraising by the Obama campaign, the bundlers are a major part of the effort. The data released so far shows that at least one-third of all the money raised was sent in by a bundler, according to CRP.
The strong support for Obama from the financial services industries is not new. In 2008, employees of Goldman Sachs contributed more to Obama than employees of any other company.
None of this is to say that all of these bundlers are helping Obama exclusively out of self-interest say, to protect their industries (or tax advantages) from tightened regulation. But it certainly prompts the question: If Obama wins a second term with these donors in his corner, how robustly will he follow through on his populist rhetoric?
Bundlers from the securities industry have raised at least $9 million for the Obama campaign so far...Among these bundlers are employees of big-name firms including Goldman Sachs, Morgan Stanley, Barclays and Citigroup.
Its worth emphasizing that for all the talk about grass-roots fundraising by the Obama campaign, the bundlers are a major part of the effort. The data released so far shows that at least one-third of all the money raised was sent in by a bundler, according to CRP.
The strong support for Obama from the financial services industries is not new. In 2008, employees of Goldman Sachs contributed more to Obama than employees of any other company.
None of this is to say that all of these bundlers are helping Obama exclusively out of self-interest say, to protect their industries (or tax advantages) from tightened regulation. But it certainly prompts the question: If Obama wins a second term with these donors in his corner, how robustly will he follow through on his populist rhetoric?
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