Banking sector puts its money on Mitt Romney

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6. oh, and just to be clear, they are not "betting on" rmoney to win.

"rooting for", sure. but "betting on" is something else.

there are many reasons to contribute to political campaigns, but "because i think he's gonna win" actually is pretty low on the list.

in this case, the smart BET is certainly on obama to win re-election. but that's what intrade is for, or other forms of investment that might be influences by an election outcome.

but a campaign contribution is not a bet, but an attempt to influence outcomes (and not necessarily just for the recipient of the contribution) and post-election policies. in fact, the most effective contribution is to a campaign that you think WOULD LOSE were it not for your contribution.

mostly, i think their contributions are with an angle to capture the senate. even contributions to rmoney are with the senate in mind, because a failing presidential candidacy can spell disaster for a senatorial candidate of the same party.