Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: The Obama Administration Has Been Very, Very Good To Banksters And Wall Streetians [View all]jsr
(7,712 posts)30. They are furious:
http://www.washingtonpost.com/politics/obama-has-more-cash-from-financial-sector-than-gop-hopefuls-combined-data-show/2011/10/18/gIQAX4rAyL_story.html
Obama still flush with cash from financial sector despite frosty relations
By Dan Eggen and T.W. Farnam, Published: October 19, 2011
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.
Obamas key advantage over the GOP field is the ability to collect bigger checks because he raises money for both his own campaign committee and for the Democratic National Committee, which will aid in his reelection effort.
As a result, Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined, according to a Washington Post analysis of contribution data. The numbers show that Obama retains a persistent reservoir of support among Democratic financiers who have backed him since he was an underdog presidential candidate four years ago.
Obamas fundraising advantage is clear in the case of Bain Capital, the Boston-based private-equity firm that was co-founded by Romney, and where the Republican made his fortune. Not surprisingly, Romney has strong support at the firm, raking in $34,000 from 18 Bain employees, according to the analysis of data from the Center for Responsive Politics.
Obama still flush with cash from financial sector despite frosty relations
By Dan Eggen and T.W. Farnam, Published: October 19, 2011
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.
Obamas key advantage over the GOP field is the ability to collect bigger checks because he raises money for both his own campaign committee and for the Democratic National Committee, which will aid in his reelection effort.
As a result, Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined, according to a Washington Post analysis of contribution data. The numbers show that Obama retains a persistent reservoir of support among Democratic financiers who have backed him since he was an underdog presidential candidate four years ago.
Obamas fundraising advantage is clear in the case of Bain Capital, the Boston-based private-equity firm that was co-founded by Romney, and where the Republican made his fortune. Not surprisingly, Romney has strong support at the firm, raking in $34,000 from 18 Bain employees, according to the analysis of data from the Center for Responsive Politics.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
130 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
The Obama Administration Has Been Very, Very Good To Banksters And Wall Streetians [View all]
cali
Mar 2014
OP
I just came from a thread in which a poster was discussing "returns" on the NYSE since 2008...
Romulox
Mar 2014
#1
What's "astounding" is how many jump in to blame Obama for Wall Street bonuses.
ProSense
Mar 2014
#37
Bush and Obama are to blame for a situation out of which Wall Street was given the message
JDPriestly
Mar 2014
#75
What does that have to do with the fact that the Wall Street labor/employment contract
JDPriestly
Mar 2014
#81
Nonsense. You don't want him credited for the drop in profits, only the bonuses. n/t
ProSense
Mar 2014
#19
Don't try to deflect from the fact that you claimed Wall Street profits are good.
ProSense
Mar 2014
#52
Most investors are not Wall St. bankers. But you want to frame it as black/white
cprise
Mar 2014
#68
BTW: Who voted FOR Tarp and lobbyied other Democratic Senators to vote FOR TARP...
bvar22
Mar 2014
#125
Oh, I thought it was all Obama's fault. Sorry, I guess I misread your statement; so it is STILL
lumpy
Mar 2014
#109
What the hell does that have to do with blaming Obama for Wall Street bonuses? n/t
ProSense
Mar 2014
#22
How does one prosecute people for acts that were sleazy, but were still within written laws. nt
bluestate10
Mar 2014
#98
Obama hate causes some people to show their ignorance. Just think of the ridiculous rhetoric
lumpy
Mar 2014
#108
Again, what the hell does that have to do with you blaming Obama for Wall Street bonuses? n/t
ProSense
Mar 2014
#55
and today he is going to be 'very very good' to millions of workers who have been denied
VanillaRhapsody
Mar 2014
#28
The OP doesn't care about benefits that you gained from President Obama's efforts.
bluestate10
Mar 2014
#100
Agreed....they cannot believe Obama didn't give them their ponies, unicorns and flying cars!
VanillaRhapsody
Mar 2014
#115
Wall Street is about as "well regulated" as the "well regulated militias" we hear about.
Tierra_y_Libertad
Mar 2014
#29
You defense a counterpoint with name calling. That is elementary schoolyard behavior. nt
bluestate10
Mar 2014
#99
Yes...according to the TARP law that was passed in 2008, before Obama became President
Cali_Democrat
Mar 2014
#84
"I swear, some people here really do want a dictator. " Can you spell PROJECTION? nm
rhett o rick
Mar 2014
#96
Please forgive me for being a bit off-topic, but bonuses are something we should talk about.
JDPriestly
Mar 2014
#79
And so has Eric Holder, they are like the dynamic duo, dressed in green spandex...
pragmatic_dem
Mar 2014
#101