Romney Collects More in Donations From theFive Biggest Banks Than All Other CandidatesCombined
Saturday 28 January 2012by: Pat Garofalo ,ThinkProgress| Report Source:http://www.truth-out.org/romney-collects-more-donations-five-biggest-banks-all-other-candidates-combined/1327760394#.TyU8xSQ_oeg.twitter Mitt Romney has been leading the way in the 2012 presidential race when it comes todonations from Wall Street,pulling in millionsfrom the financial sector since helaunched his campaign. And the industrys favor for Romney comes across even morewhen looking at just thefive biggest banksin the U.S.: JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman SachsIn fact, as McClatchy News noted, Romney has received more in donations fromemployees of the nations five biggest banks thanall of the other presidentialcandidates combined:
Employees at the five largest U.S. banks by assets, including Bank of AmericaCorp. and Wells Fargo & Co., had given Romney about $600,000 through thefirst three quarters of 2011
, according to the most recent filings available from theFederal Election Commission.The second-largest recipient of bank employee contributions, President Barack Obama,had far less, about $200,000, the analysis showed. The Republican presidential hopefulwith the second-highest total, former Minnesota Gov. Tim Pawlenty, dropped out of therace in mid-August.
Romney received more from employees of those top five banks than all theother candidates combined.
So far, the financial industry has made 69 percent of its donations in the presidentialrace to Republicans, a trend that, if it continues, would mark the most skewed to oneparty the spending has beenin more than two decades.The financial industrys support for Romney is unsurprising, as he has madeattackingthe Dodd-Frank financial reform lawa centerpiece of his campaign. He has even likenedfinancial regulators to gargoyles. Whilehe has paid lip serviceto needing some sort of
financial reform, he has yet to propose any plan of his own. As the world rises up against economic injustice, Truthout brings you the latest newsand analysis, free of corporate influence. Help support this work with a tax-deductibledonation today.