Wall Street Favoring Romney

Bloomberg

A year after President Barack Obama signed into law the most extensive financial regulations since the Great Depression, Wall Street so far is putting its political money elsewhere.

Employees of Goldman Sachs Group gave Republican presidential candidate Mitt Romney $238,250 in the last three months, more than workers at any other company, according to a computer-assisted analysis of Federal Election Commission data. Obama took in $10,113.

Four years ago, employees of New York-based Goldman gave $994,795 to Obama and $234,275 to Romney, according to the Center for Responsive Politics, a Washington-based research group. For both candidates, it was more than any other company’s employees.

In addition, Romney took in $2.1 million from donors reporting a New York state address, where the financial industry is headquartered, FEC data shows. Obama raised $1.3 million during the same period. For the 2008 election, Obama raised $50.5 million in the state; Romney raised $2.8 million, according to the center.

Romney and Obama were among the candidates offering the first looks at their presidential fundraising. Their FEC reports cover donations through June 30.

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