The 1% of the 1% is stepping up and declaring its love for one candidate: Mitt Romney. It's an investment strategy, for he pledges not only to keep the Bush tax cuts on the rich, but to cut taxes on the wealthy even more, and to gut the weak regulation that currently exists on Wall Street. If Mitt gets in, it will be party like it's 2005, 2006, and 2007. Bubble it up and screw the 99% even more.
Donors from big banks are betting on Mitt Romney to defeat President Obama and repeal new restraints on risky, large-scale investments.
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The top five donor groups in Romney’s campaign are individuals and political action committees associated with large financial institutions, led by Wall Street giants Goldman Sachs and JPMorgan Chase, according to information compiled by the Center for Responsive Politics, a nonpartisan research group that tracks campaign donations.
By contrast, Obama’s top five contributor groups include individuals and PACs affiliated with high technology giants Google Inc. and Microsoft Corp., and the global law firms DLA Piper and Sidley Austin, and do not include those associated with banks.
Boston Globe: Banking sector puts its money on Mitt Romney
Public purchases of stock in the corporation known as Mitt Romney:
Goldman Sachs: $564,680
JPMorgan Chase & Co.: $400,675
Bank of America: $364,850
Morgan Stanley: $363,550
Credit Suisse Group: $316,160
Time
But that does not tell the whole picture. I have no doubt that there are millions upon millions of dollars from the banksters finding their way into Romney's Death Star Super-Pac and Karl Rove's Super-Pac, etc. That's just the public investment.
Wild, wild Wall Street is coming if Romney wins. I guess losing $3B is nothing. Note that Jamie Dimon still is CEO.
Austerity in the government and wild Wall Street.