Big Banks overwhelmingly support Willard Romney as the GOP presidential nominee, but that was to be expected. After all, the guy bathes in cash and eats hundred dollar bills for appetizers (and he doesn’t care who he hurts making his zillions). What’s even more disturbing are the numbers, not to mention who they favor.
Employees at the five largest U.S. banks by assets, including Bank of America Corp. and Wells Fargo & Co., had given Romney about $600,000 through the first three quarters of 2011, according to the most recent filings available from the Federal Election Commission.
The second-largest recipient of bank employee contributions, President Barack Obama, had far less, about $200,000, the Observer analysis showed.
Financial institutions really, really, really do not want to be regulated, which, of course, is why they should be. Doing away with financial reform, specifically repealing Dodd-Frank, has been a GOP mantra this election season, as Big Banks are doing all they can with their enormous donations to influence who does what:
Donations from commercial bank employees and PACs to Republican candidates for president and Congress made up 68 percent of the total so far. Should that pattern continue, it would mark the most skewed to one party the spending has been in more than two decades. For all of the 2008 cycle, bankers gave 52 percent of their money to Republicans. [...]
In Congress, commercial bank employees and PACs have given $5.4 million to Republican candidates, while giving $2.4 million to Democrats, according to the latest data from the Center for Responsive Politics. That’s a 69 percent edge to Republicans so far.
According to the Financial Crisis Inquiry Commission, between 1999 and 2008, the financial sector spent more than $1 billion on campaigns.
And now that the Supreme Court has gifted us with their lovely 2010 Citizens United decision, the Republican nominee’s slogan should be, “You ain’t seen nothin’ yet!”
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