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Wall Street Campaign Donations Set To Hit Record During 2012 Election

Fri, 09/07/2012 - 13:56 — Dave Culver
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  • The amount of cash Wall Street is pouring into elections is poised to grow. The American Bankers Association is planning to set up a non-profit that would allow its members to send money to pro-Wall Street super PACs anonymously, according to Bloomberg.
  • Corporate bribery and political corruption on display at Republican, Democratic conventions

Huffington Post

(September 5, 2012) Wall Street is paying big time to influence this election.

The financial industry is on track to break its 2008 campaign spending record of $170 million, according to data from the Center for Responsive Politics cited by CNNMoney. So far, Wall Street has spent $164 million donating to candidates and political groups. And CRP estimates the total tab to be huge with donors $2.5 billion on the election overall.

The top eight companies with employees donating to Mitt Romney are banks, according to CRP data, while Wells Fargo and JPMorgan Chase made it into the top 20 firms with employees donating to President Obama's campaign.

Full story...

Related:

Corporate bribery and political corruption on display at Republican, Democratic conventions, Barry Grey, World Socialist Website

  • Away from the minutely scripted and orchestrated proceedings in the convention hall—with all their hokum and stupidity—the serious business of peddling influence and selling votes will take place in what has become known as a “parallel convention.”
  • Former GOPer: How Republicans Went Crazy, Dems Lost Their Mojo, and the Middle Class Got Shafted
  • 12 Steps to Overcoming Addiction to Voting for the "Lesser of 2 Evils"

 

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