2/16/12

Big banks line up behind Romney because he promises to gut most regulations on that sector, which is what caused our financial problems in the first place


From Politico:

The financial services industry is poised to set records in one arena in 2012: politics. The beleaguered sector is pumping tens of millions of dollars into campaigns and newly dominant super PACS as one of Wall Street’s own seeks the White House and the industry looks to roll back key parts of the Dodd-Frank financial reforms. The goal is to oust a president and some members of Congress whom many bankers view as openly hostile toward them. Employees of securities and investment firms have already given $52.8 million to candidates and party committees in the 2012 cycle, according to the Center for Responsive Politics. That makes it the No. 1 industry, up from fourth place in 2010 and third in the 2008 campaign.

No comments:

Post a Comment