It is often noted on the Intertoobz that President Obama has a number of financial institutions in the top 20 list of "institutions whose invididual members donated to Obama's campaign".
So, the bankers bought Obama?
Goldman Sachs, Citigroup, JP Morgan Chase, UBS AG, Morgan Stanley
these come in at #2, 6, 7, 12, 17 - collectively well over $3 million in donations.
But... hold on:
#1 is University of California - $1.5 million
#3 is Harvard University - $850k
#10 is Stanford University - $600k
#16 is Columbia University - $500k
the big universities raised about as much as the financial corporations.
UC raised 50% more than GS. Hah.
So... er, how are they doing? Now that Obama is in, ready to reward his peeps?
UC?
Harvard?
Hah, hah, hah!
The Investment Banks are so screwed.
For perspective Obama raised about $750 million total.
The big Investment Banks raised less than 1/2 % of the donations.
Over 80% seems to have come from small individual donations.
There's also the minor detail that for John McCain's fundraising, the financial institutions were very solidly in the top 20, namely:
#1 Merrill Lynch
#2 Citigroup
#3 Morgan Stanley
#4 Goldman Sachs (good cheap hedge there)
#5 JP Morgan (always 2nd to GS)
#8 Wachovia
#9 UBS AG
#10 Credit Suisse
#13 Bank of America - lucky for some
#19 Bear Sterns
#20 Lehman Bros
Well, that really says it all.
Total just under $3 million and closer to 1% of total raised by McCain.
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