Natalie Gonnella
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A year after President Obama signed into law the most extensive financial regulations since the 1930's, Wall Street's doing a 180 when it comes to political contributions, favoring Romney over Obama when it comes to campaign cash for 2012.
As Republicans work to roll back the Dodd-Frank Act, according to Bloomberg:
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.
Four years ago, employees of New York-based Goldman gave $994,795 to Obama and $234,275 to Romney, according to the Center for Responsive Politics, a Washington-based research group. For both candidates, it was more than any other company’s employees.
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.
Mitt Romney currently holds the lead in the fundraising fight among GOP contenders, adding more than $18.4 million to his campaign from April - June, outpacing even his closest rival Michele Bachmann by a 3:1 margin.
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