Wall Street Hearts Obama

Guess who those "fat cats" at Wall Street are supporting with their huge incomes? It ain't the GOP, folks. Instead, it's the very people who blast Wall Street for its greed.

No one drips more with hypocrisy than a liberal politician. One moment they bash those at Wall Street and stand in support with the protestors while at the same time holding their palms out for handouts.

Read from Weasel Zippers:

Bawney Fwank Heads To Wall Street Reelection Fundraiser Day After Throwing Support Behind Anti-Wall Street Occupiers…

"(Politico) — 'Rep. Barney Frank might sympathize with the Occupy Wall Street protesters, but he’s still got friends in the financial world.

The Massachusetts Democrat is heading to New York hoping to raise tens of thousands of dollars Thursday at a fundraiser at the home of Charles Myers, a senior investment banking advisor at Evercore Partners. Myers is one of several Wall Street execs listed on the invite soliciting up to $2,500 from attendees for Frank’s reelection committee, according to a copy obtained by POLITICO.

Frank, the co-author of the sweeping financial regulatory reform bill signed into law last year, said in a recent interview with POLITICO that he didn’t see any conflict between supporting the protests and taking financial services money.

“If you take money from them, but you don’t vote [for] the things they want, how does that put you in conflict?” Frank questioned.

Frank said he supports the movement “to the extent that they obey the law” and that he wishes “that kind of energy was around two years ago when we were voting on the financial reform bill. We’d have a tougher bill.”'"


The "fat cats" have taken a particular liking to President Obama. Also from Weasel Zippers:

Despite Backing Wall Street Occupiers, Obama Raises More Campaign Cash From Financial Sector Than All GOP Candidates Combined…

"He even raised more cash than Romney among Bain Capital employees, despite the fact that Mitt made his fortune working for them.


(WaPo) — 'Despite frosty relations with the titans of Wall Street, President Obama has still managed to raise far more money this year from the financial and banking sector than Mitt Romney or any other Republican presidential candidate, according to new fundraising data.

Obama’s key advantage over the GOP field is the ability to collect bigger checks because he raises money for both his own campaign committee and for the Democratic National Committee, which will aid in his reelection effort.

As a result, Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined, according to a Washington Post analysis of contribution data. The numbers show that Obama retains a persistent reservoir of support among Democratic financiers who have backed him since he was an underdog presidential candidate four years ago.

Obama’s fundraising advantage is clear in the case of Bain Capital, the Boston-based private-equity firm that was co-founded by Romney, and where the Republican made his fortune. Not surprisingly, Romney has strong support at the firm, raking in $34,000 from 18 Bain employees, according to the analysis of data from the Center for Responsive Politics.

But Obama has outdone Romney on his own turf, collecting $76,600 from Bain Capital employees through September — and he needed only three donors to do it.

The battle for Wall Street cash has become a crucial subtext in the 2012 campaign, which is shaping up to focus heavily on federal banking and markets policies and the struggling economy.'


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