In the course of the 2008 presidential elections, Obama managed to receive funds twice the amount received by McCain. The Wall Street is doing the same now and major banks are after determining the results of the 2012 elections. Based on the money spent so far, Mitt Romney from the Republican Party is the person considered by Wall Street in the current year. The financial assistance by banks to Romney is four times more than the assistance made to other candidates.
The Center for Responsive Politics has recently disclosed the amount of funds received by the candidates from January to September 2011. As you can see Romney is on top of the list. It is clear that a consensus has been reached among Wall Street banks for backing Romney.
Assistance by banks to presidential candidates
Goldman Sachs Bank
Mitt Romney: $ 352,200
Barack Obama: $ 49,124
Tim Pawlenty: $ 25,000
Jon Hunsman: $ 6,750
Rick Perry: $ 5,500
Ron Paul: $ 2,500
Morgan Stanley
Mitt Romeny: $ 184,800
Tim Pawlenty: $ 41,715
Barack Obama: $ 28,225
Rick Perry: $ 20,750
Jon Hunsman: $ 9,750
Newt Gingrich: $ 1,000
Ron Paul: $ 1,000
Herman Cain: $ 500
Bank of America
Mitt Romney: $ 112,500
Barack Obama: $ 46,699
Tim Pawlenty: $ 12,750
Jon Hunsman: $ 4,250
Ron Paul: $ 3,451
Rick Perry: $ 2,600
Thad McCotter: $2,000
Herman Cain: $ 750
Michelle Bachmann: $ 500
Newt Gingrich: $ 250
JP Morgan Chase
Mitt Romney: $ 107,250
Barack Obama: $ 38,030
Rick Perry: $ 27,050
Tim Pawlenty: $ 16,750
Jon Hunsman: $ 7,500
Ron Paul: $ 5,451
Citigroup Bank
Mitt Romney: $ 56,550
Barack Obama: $ 36,887
Tim Pawlenty: $ 5,300
Rick Perry: $ 3,000
Herman Cain: $ 1,465
Michelle Bachmann: $ 1,000
Ron Paul: $ 702
As it is clear no other Republican candidate has managed to receive such a volume of assistance from Wall Street banks even close to the assistance received by Romney. In other words, Romney has managed to raise funds thirteen times more than others. The following figures indicate the financial assistance by major US banks to presidential nominees:
Mitt Romney: $ 813,300
Barack Obama: $ 198,874
Tim Pawlenty: $ 101,515
Rick Perry: $ 58,900
Jon Hunsman: $ 28,250
Ron Paul: $ 13,104
Herman Cain: $ 2,715
Michelle Bachmann: $ 1,500
Newt Gingrich: $ 1,250
A while ago in an interview with MSNBC, Dylan Ratigan touched upon investments made by the banks in the presidential elections and added that what is said about the impacts of money on politics is not something merely uttered by the media and there are certain facts in this regard. Ratigan is right in this connection because not just the Congress but the US President has also been purchased.
