Obama, McCain big beneficiaries of Wall Street
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/15/art.lehman.gi.jpg caption="Firms in the battered financial sector have been big backers of the candidates."](CNN) - Both Barack Obama and John McCain have strongly benefited from Wall Street this election cycle, an analysis from the Center for Responsive Politics reports.
According to the non-partisan research organization, employees of security and investment firms have donated nearly $10 million to Barack Obama this year and close to $7 million to McCain's presidential bid.
McCain has particularly benefited from Merrill Lynch, the global financial services firm whose sale to Bank of America shook Wall Street Monday morning. He has raised nearly $300,000 from Merrill employees this year - more than any other firm.
Barack Obama, meanwhile, has strongly benefited from employees of Lehman Brothers, the financial firm that filed for bankruptcy Monday morning. The Illinois senator has raised approximately $370,000 from Lehman employees this year, more than three times what McCain has raised from employees of the failing firm.
Both McCain and Obama sharply criticized Wall Street practices Monday morning, and are calling for more regulation in the investment industry.
"employees of" not the investment firms.
Good grief. Get real. They got donations from PEOPLE not the corporations.
Now if someone wants to fess up that they were pressured to donate, that's another story.
Notice the article says EMPLOYEES – given, these employees are not exactly poor, but still, they didn't get the money from the companies themselves, but from the actual people who work for them.
Well I guess Obama should scratch the employees of Lehman Brothers off his campaign contributor's list.
What in tarnation this has to do with anything. Everybody works for somebody, and just because they personally donate money to a candidate does not mean that the candidate in benefiting from the company they work for. CNN stop making up headline news.
Obama has benefitted more from the employees because they believe in his platform. They know what a sham mccain is. mccain/palin = pathological liars.
This article has nothing to do with the banks failing.
It is not Obama or McCain responsiblity to manage either of those commpanies! Nor are they expected to know where either companies financial status stands.
Why is this posted here, IF at all???
Employees are NOT COMPANIES. This is deceptive. Personal preferences are allowed in any election.
DECEPTIVE STORY.
Ok thanks for this trivia. Back to campaign news CNN.
So it appears this venue seems to want Obama over McCain....Would it suggest they figured Obama might be more lenient with them and their excesses rather than McCain?
hypocrites.......any American that is taking their hard-earned money and giving it to these candidates for "campaign fundraising" is a fool.
NOBAMA
NOMCCAIN
NO MORE CORRUPTION IN THE WHITE HOUSE IN THE NAME OF "DEMOCRACY"
This country needs true, ethical leaders who stand for the people and not special interests.
CNN...do the right thing a post a comment that isn't status quo for once.
McCain has proven he does not show favor to donors, Obama has not proven the same!
just because a person donates, does not mean they donate money in their companies interest. The media tries to spin this every time and it's sickening. It's an attempt by the media to diminish the individual contributor.
I thought you guys were for change... what happened to no more politics as usual... Obama accepted even more money than McCain did... So who's really lying !!!
But I thought Obama wasn't supported by big companies... yet he gets more from them than McCain...
Oh yea... same ole same ole....
Lynch, the global financial services firm whose sale to Bank of America shook Wall Street Monday morning. He has raised nearly $300,000 from Merrill employees this year — more than any other firm.
Barack Obama, meanwhile, has strongly benefited from employees of Lehman Brothers, the financial firm that filed for bankruptcy Monday morning. The Illinois senator has raised approximately $370,000 from Lehman employees this year, more than three times what McCain has raised from employees of the failing firm.
********************
Employees are NOT COMPANIES. This is deceptive. Personal preferences are allowed in any election.
DECEPTIVE STORY.
Everybody is donation to Obama i Work for a Conferencing Company and i Support Him and it is Million of Everday People that Support Obama unlike Mccbush that is in the Pockest of Oil Companies? OBAMA Biden the Real Clear choice in this Election
George Bush said we dont need to police Wall Street.Well I guess that means we dont have to save them either,does it?
can anyone of these bumbs say CHA CHING $$$$,
At least Hillary wanted to put the bit back in the run away horse called Wall Street Greed Factor.....
Clinton 12 😉
So much for Obama's funds coming from ordinary citizens.
Since when is it unethical to accept donations from EMPLOYEES...aren't we all employees and isn't this a democracy?
Seems to me that all the employees of these investment firms realize the way to fix this mess and secure their jobs is to go with the candidate who actually has PLANS and policies rather than McCain's BLUSTER, LIES, and RHETORIC and lobbyist advisors that helped get America in this mess.
This is a non-story CNN.
If I worked in an office for Exxon/Mobile somewhere and donate to Obama it would seem as if Obama was benefiting from the Oil companies. Likewise, if I worked for Chase and donated to McCain it would seem as if he was benifiting from the credit companies.
Hows this for some advice, HOW ABOUT YOU (CNN) DO SOME CREDIBLE REPORTING AND STAY AWAY FROM TABLOID POLITICS.
What do you want to bet one of the first actions Obama would do as president would be a quid-pro-quo and bail out Lehman Brothers.
This is the guy supposed to change Washington? I think not!
EVEN MORE REASON TO JOIN RON PAUL IN VOTING 3RD-PARTY!!!
BALDWIN/CASTLE 08!!!
Obama has by far gotten more money from the institutions that most threaten the stability of Wall Street and the economy. He's not change, just more of the same economic disaster that he lies and says is all the fault of Bush and McCain. lies, lies and more lies from Obama .
You cannot go to the source of the problem and expect it to fix the problem.
McCain and Gramm are at the source of the poison, and they are fed by it.
Pathetic.
Throw them out.
Obama 08!