President Obama Raising Large Sums From JPMorgan and Goldman Sachs

Though the Obama administration seems to be berating the activities of Wall St. firms, the administration has no problem accepting donations from those same firms employees.

Figures released today, from analysis of Federal Electoral Commission filings show that the Obama administration has collected quite a few donations from the biggest investment banks on Wall St. The ‘surprising’ turn comes as the Obama reelection campaign begins to get into full swing.

Some of the largest donors were from employees of JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group Inc. (NYSE:GS) also known as the ‘giant vampire squid.’ CEO, Lloyd Blankfein, was also a very big supporter of the president in 2008, although the fact is ignored by most of the...