Wall Street execs are major Obama fundraisers – Contraception – Salon.com

26 Jan

The 62 bundlers who work in [the investment banking] industry have raised at least $9.4 million for Obama and the DNC. That “at least” is significant because the Obama campaign specifies only a dollar range in its disclosures, with the top category being “$500,000+.” So the real aggregate figure may be considerably higher.

Among these bundlers are employees of big-name firms including Goldman Sachs, Morgan Stanley, Barclays and Citigroup.

It’s worth emphasizing that for all the talk about grass-roots fundraising by the Obama campaign, the bundlers are a major part of the effort. The data released so far shows that at least one-third of all the money raised was sent in by a bundler, according to CRP.

via Wall Street execs are major Obama fundraisers – Contraception – Salon.com.

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