January 17, 2012Posted by Economics9698 @ 7:18 AM
Banksters love Mitt romney
The bankers lined the pockets of Obama in 2008 with millions in contributions, Goldman Sachs, $1,013,091, JP Morgan, $808,799, Citigroup Inc., $736,771, and others totaling $745 million.
Obama’s special interest groups have been paid back in full, and them some for unions, universities, green companies, favored Democratic districts, with one notable exception, banks.
The banks got demonized by the Occupy Wall Street protest and were the recipient of one of the most corrupt and restricting pieces of legislation ever to be passed, Dodd-Frank. Probably the most corrupt senator, Dodd, and the biggest defender of Fannie Mae and Freddie Mac, Barney Frank. Probably the worst combination in the history of mankind to write any regulation, and it is killing the banking industry.
Many of these banks will soon be bankrupt again, between the chaos in Europe, poor economic performance in America, while still holding millions in unsold foreclosed homes.
Another bail out is needed. Another reappointment of Ben Bernanke is needed. The last thing these zombie banks need is a hard money Federal Reserve Chairman. There will be a huge need to print lots of cash, soon. Ben Bernanke, or someone even more aggressive in bailing out banks, needs to be appointed by the next president.
The financial contribution list speaks for itself.
Credit Suisse Group$203,750
Kirkland & Ellis$132,100
Bank of America$126,500
JPMorgan Chase & Co$112,250
Sullivan & Cromwell$79,250
Bain & Co$52,500