Goldman Favors Romney Over Obama in Race for Wall Street Funds

[TomCADem]

Source: Bloomberg

A year after President Barack Obama signed into law the most extensive financial regulations since the Great Depression, Wall Street so far is putting its political money elsewhere.

Employees of Goldman Sachs Group gave Republican presidential candidate Mitt Romney $238,250 in the last three months, more than workers at any other company, according to a computer-assisted analysis of Federal Election Commission data. Obama took in $10,113.

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In addition, Romney took in $2.1 million from donors reporting a New York state address, where the financial industry is headquartered, FEC data shows. Obama raised $1.3 million during the same period. For the 2008 election, Obama raised $50.5 million in the state; Romney raised $2.8 million, according to the center.

* * *
A year ago this month, Obama signed into law new rules for a financial industry, which is blamed for contributing to the worst economic downturn since the 1930s. The measure was passed over the objection of most congressional Republicans, and Romney has criticized the law.


Read more: http://www.bloomberg.com/news/2011-07-16/goldman-favors-romney-over-obama-in-race-for-wall-street-funds.html

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The fact that the SEC and the Justice Department have been probing Goldman may also be behind Goldman's strong support of Mitt Romney.

[David Gill]

1. They're hoping they can buy another trasury secretary.

Remember Hank Paulson? They think those were the good old days!

[No Elephants]

14. Remember Timmeh the Geithner?

[FreakinDJ]

2. They are content to conduct Class Warfare

[aquart]

3. And none dare call it treason.

[FreakinDJ]

5. let them fight and fund the next war

[bahrbearian]

4. I really doubt that, they've allready gotten more than they have paid for.

[Name removed]

6. Deleted message

Message removed by moderator. Click here to review the message board rules.

[banned from Kos]

7. $550 million fine = "kissing ass" - LMAO!

Which planet are you from?

[eridani]

8. Chump change compared to the trillion+ bailout n/t

[JJW]

9. And your average American

could provide more honest and equitable leadership.

[dameocrat67]

10. They think Romneys going to win. If they thought Obama

was, they would give him more. They are still giving Obama quit alot which would indicate influence buying.

[No Elephants]

11. Corporate contributions are nothing but influence buying.

Companies often do give to both sides. Hedge their bets.

[reformist2]

17. The rule should be: If you can't vote, you can't contribute!

[No Elephants]

12. If deliberate, this is as low as it gets.

Note a sentence in the OP, quoted below, can be read two ways. In one reading, the financial industry is blamed for our bad economy. In another reading, the law Obama passed last year is blamed for our bad economy.

Read twice:



"A year ago this month, Obama signed into law new rules for a financial industry, which is blamed for contributing to the worst economic downturn since the 1930s."

[McCamy Taylor]

13. This is bailout money. In 2008, I predicted it would be used as a slush fund.

I said that the bankers would use the money to pay their executives big bonuses---and the execs would turn around and give some of that money to the GOP. This was set up by Rove and Bush, and Dems fell for it.

[No Elephants]

15. Too soon to say who GS will favor. Romney is in a primary. Obama probably will not be.

IIRC, GS gave Obama a tidy sum 2007-2008.

[SSDA]

16. Goldman owns Obama and Romney.

They win no matter Who is elected.

[Hotler]

18. +1000 n/t

[fascisthunter]

19. Ooops... I guess they don't want a center-right candidate

now what Obama?

[izquierdista]

20. They do

They want the people to have a choice from center-right and a right-of-center.