Thursday, October 20, 2011

Obama Holds More Financial Sector Donations Than All GOP Candidates Combined


From the Washington Post:
"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."
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"Obama’s ties to Wall Street donors could complicate Democratic plans to paint Republicans as puppets of the financial industry, particularly in light of the Occupy Wall Street protests that have gone global over the past week."
(snip)
"Obama’s support within the financial industry tends to be more diffuse than the top Wall Street firms. One of his primary sources of cash, for example, is a small Chicago firm called Chopper Trading, which employs a technique of rapid, computer-assisted trading that some experts blame for volatility in the stock market.
Employees of the company gave Obama $222,000 after Vice President Biden held a fundraiser at the home of the company’s chief executive, Rajiv Fernando, a campaign bundler. The firm did not respond to a request for comment.
Obama aides regularly point to his $155 million joint fundraising total with the DNC as evidence of the campaign’s momentum but have tended to ignore DNC money when discussing Wall Street.
In a memo issued Tuesday, for example, DNC spokesman Brad Woodhouse said Romney’s campaign “seems quite proud of the fact that they are leading the money race for campaign cash from Wall Street.”

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