Wall Street donors make big bets on Romney

[TomCADem]

Source: LA Times

Wall Street has plenty of reasons to support Romney, the former Massachusetts governor.

Obama and a Democratic Congress put in place a far-reaching overhaul of the financial system known as Dodd-Frank. Critics contend that the law adds burdensome regulations that squeeze profits and hinder recovery.

Obama also supports raising taxes on the wealthy and investment managers. He has sometimes struck a populist tone amid complaints by Occupy Wall Street activists and other critics that no senior executives have gone to jail for causing the financial crisis.

The financial sector has bet big on Romney. The industry — including insurance and real estate — has so far sent $52.4 million in campaign donations to Romney, according to data compiled by the Center for Responsive Politics. That's almost 19% more spent on ousting Obama than the $44.2 million the financial sector spent on putting him into the White House in 2008.


Read more: http://www.latimes.com/business/la-fi-wall-street-donors-20121103,0,1214238.story

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The online version has the following headline: "Wall Street donors opening their checkbooks for Mitt Romney," which is a bit more sedate than the print version.

[progressivebydesign]

1. I thought that last week they reported that they were donating to Obama now...

can't keep up.

[C_U_L8R]

2. No wonder there was a financial crisis

Wall St seems quite clueless at picking political winners. Hey fellas, who just doubled the market for you ???

[SkyDaddy7]

8. The problem with Obama is...

They thought he would be completely bought & paid for but that was not to be...They KNOW Romney will do everything they want because he shares their unrelenting GREED to keep as much money as digitally possible. Oh yeah, & the Republican Party is the Christian Party.

[Wellstone ruled]

3. Forget all this hype,

Willard's bottom line is now we Harvest this sucker for me. Someone posted last week Willard's Campaign was incorporated,if that is true,watch the Harvest begin. The physco will take all his contributions and BK the Campaign. This Turd knows how to steal,and got to laugh how he will take his so called rich buds to the cleaners. USA,USA!!!!

[wilt the stilt]

4. this is very similar to the bets they made from 200-2007

that ended up crashing our economy. We need to change these losers out asap.

[leveymg]

5. "Far reaching overhaul of the financial system . . ." - what utter dog crap.

[Odin2005]

6. But, but, I thought Obama was owned by Wall Street!!!

Sorry, i was channeling the Naderite idiots.

[SkyDaddy7]

9. I hear ya!!

Funny how DU was filled with nothing but "Obama is bought & paid for by Wall Street" up until the election started but even before the cries began to fade once their argument was shot down by how fast Wall Street fled to Romney.
It was clear Obama had not been the puppet Wall Street wanted.

[daleo]

7. More like bribes than bets

Bets are just predictions about the outcome of an event. This is more like buying one of the horses.