THE BEST PRESIDENT MONEY CAN BUY
A reader of my Blog entitled “SEC Regulators or Resetters”, suggested I took a closer look at the correlation between the most fraudulent banks league table, and those same institutions overall contributions to the Presidential campaign of Obama and McCain in 2008.
Description of Fraud
Offshore Banking services tax fraud
Civil Fraud (SEC cut - USD 300 Million)
J P Morgan
J P Morgan Chase
Here thanks to data supplied from Open Secrets, an excellent source of information are the results:
All these institutions are amongst the top ten largest contributors to BOTH candidates. “It is almost as though they did not care who won, so long as he was bought and paid for before reaching office”. Oh forget it; I’m sure that must be completely wrong!!
Maybe this also helps to explain that since taking office, we have not seen any criminal charges raised against top executives of any of these banks by the Obama White House.
UBS only number 15 in the Obama Donors league, with USD 532K, got the biggest fine of USD 780,000K. Perhaps there is a lesson to be learned in
Zurich and ? Bern
For anyone expecting “Hope and Change” with Romney, take a look at his donors list, it is all the usual suspects.