Wednesday, February 6, 2008

All about the Benjamins

From the World Socialist Website:

"Among the most important sources of campaign cash for both parties is Wall Street. Employees of the major investment banks and finance houses shelled out over $34 million to presidential candidates last year. Clinton and Obama each raised more than $5 million from the financial industry as a whole. Romney took in $4 million, while McCain trailed with $2 million.

An analysis of the FEC filings done by the McClatchy news agency surveyed 12 major Wall Street firms, including Goldman Sachs, Merrill Lynch, Citigroup, Lehman Brothers, Morgan Stanley and the Swiss-owned UBS, comparing their contributions.

According to McClatchy, Clinton received $2 million in donations from the 12 firms’ employees in 2007. For his part, Obama pulled in a total of $1.7 million from the same finance houses,

The Wall Street money for the Democrats far outstripped that which went to the Republican side, with Romney pulling in a total of $895,915 and McCain, $704,423. Morgan Stanley, for example, gave three times as much money to Clinton as to McCain, while Obama received twice as much money from Goldman Sachs as Romney."

No comments: