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Obama Tops GOP Candidates in Wall Street Donations

HeadlineOct 20, 2011

New figures show President Obama continues to pull in huge donations from the financial sector, with more money from Wall Street this year than all other Republican presidential candidates combined. According to the Washington Post, Obama has raised a total of $15.6 million from banks and other financial firms, with nearly $12 million of that going to the Democratic National Committee. Republican frontrunner Mitt Romney has raised less than half that much from Wall Street, around $7.5 million. A top banking executive and Obama fundraiser told the Washington Post that reports of Wall Street antagonism toward Obama “are exaggerated and overblown … [but] it probably helps from a political perspective if he’s not seen as a Wall Street guy.”

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