Election 2012

Wall Street’s Man of Choice

In a bit of not-shocking news, the latest numbers show that the overwhelming majority of contributions from the investment class and Wall Street honchos has gone to Mitt Romney during this presidential election. Meanwhile, small donations from individual donors continue to be the primary source of funds for OFA.

Let there be no doubt where Wall Street's political loyalties lie: Of all the money the securities and investment industry has poured into the 2012 presidential contest so far -- to the candidates and the super PACs behind them -- an unambiguous 92 percent has gone to the GOP, according to a new Center for Responsive Politics analysis.

And in so doing, the securities and investment industry is betting hard on the candidacy of one of its own: Mitt Romney.

Between his campaign committee and a monster super PAC supporting his candidacy, Romney has benefited from about 72% percent of the near $33 million Wall Street has contributed through February.

But doesn't Wall Street love President Obama? Isn't he their stooge? Or something.

There are some voices out there, particularly on the Left, who would like you to think so, but that isn't supported by any available evidence.

Even though it isn't as strict as it needs to be, Democrats did not make any new friends when they passed Dodd-Frank, and fundraising during this election season shows that Mitt Romney is Wall Street's overwhelming favorite to replace President Obama.

And that's not because they're electrified by the strength of his character. Having no character would be preferable to them. That leaves Mitt Romney as the obvious choice.

  • RobM

    You are an idiot. You are looking at the talk but not the walk. Read the TARP legislation”. Everything in DoddFrank is subservient to it. Sec 2 is the relevant section.
    Sec 2
    The purposes of this Act are—
    (1) to immediately provide authority and facilities that
    the Secretary of the Treasury can use to restore liquidity and
    stability to the financial system of the United States; and
    (2) to ensure that such authority and such facilities are
    used in a manner that—
    (A) protects home values, college funds, retirement
    accounts, and life savings;
    (B) preserves homeownership and promotes jobs and
    economic growth;
    (C) maximizes overall returns to the taxpayers of the
    United States; and
    (D) provides public accountability for the exercise of
    such authority.

  • Brutlyhonest

    “There are some voices out there, particularly on the Left, who would like you to think so, but that isn’t supported by any available evidence.”

    Yet there is some group that wants to save ‘merka running ads telling me that Obama IS wall street’s puppet. They cite all kinds of facts culled from op-eds in prominent “librul” newspapers.

    You’d think the people running these ads think VA voters are stoopids ……

  • jeanne marie

    What is “OFA”?