Ⓐnarcho Queer • Why Obama Won't Prosecute Wall Street

Why Obama Won’t Prosecute Wall Street

Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush.

In 2008, Wall Street’s largesse accounted for 20 percent of Obama’s total take, according to Reuters.

The Sunlight Foundation, a nonpartisan watchdog group that tracks lobbyist spending and influence in both parties, found that President Obama has received more money from Bank of America than any other candidate dating back to 1991.

An examination of the numbers shows that Obama took in $421,242 in campaign contributions in 2008 from Bank of America’s executives, PACs and employees, which exceeded its prior record contribution of $329,761 to President George W. Bush in 2004.

According to the Center for Responsive Politics, Wall Street firms also contributed more to Obama’s 2008 campaign than they gave to Republican nominee John McCain.

Goldman Sachs contributed slightly over $1 million to Obama’s 2008 presidential campaign, compared with a little over $394,600 to the 2004 Bush campaign. Citigroup gave $736,771 to Obama in 2008, compared with $320,820 to Bush in 2004. Executives and others connected with the Swiss bank UBS AG donated $539,424 to Obama’s 2008 campaign, compared with $416,950 to Bush in 2004. And JP Morgan Chase gave Obama’s campaign $808,799 in 2008, but did not show up among Bush’s top donors in 2004, according to the Center for Responsive Politics.

Obama’s close relationship with JP Morgan Chase was highlighted last year when he tapped Bill Daley, a former top executive with the bank, to replace Rahm Emanuel as his chief of staff.

Wall Street’s generosity to Obama didn’t end with his 2008 campaign either. Wall Street donors contributed $4.8 million to underwrite Obama’s inauguration, according to a Jan. 15, 2009 Reuters report.

Source: anarcho-queer

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  1. scarvesandfoxes reblogged this from palmate
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  4. alaok-thebigspoon reblogged this from anarcho-queer
  5. leftistshuffle reblogged this from anarcho-queer and added:
    Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former...
  6. canadian-communist reblogged this from anarcho-queer
  7. tophatts reblogged this from sans-nuage
  8. indhouse reblogged this from anarcho-queer and added:
    It’s truly unfortunate, the death-grip that Wall Street has on us. Their tentacles are everywhere. I even know Socialist...
  9. sans-nuage reblogged this from anarcho-queer
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  13. ontologicalshakedown reblogged this from anarcho-queer and added:
    Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former...
  14. pandahspunk reblogged this from anarcho-queer
  15. neonrad reblogged this from anarcho-queer and added:
    They all for sale..
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  20. crookedthinking95 reblogged this from anarcho-queer and added:
    So in other words: they created him, right?
  21. remembear reblogged this from anarcho-queer and added:
    can’t Obama just take their money and then do whatever the fuck he wants with it (as in do things that don’t benefit...
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