Wall Street and President Obama
- One-third of Obama’s fundraising has come from the financial sector.
- $11.3 million from the finance, insurance, and real estate sector.
- All of Obama’s “bundlers” – top fundraisers who obtain donations from people and groups in their business, professional, and personal networks – have raised at least $34.95 million.
- President Obama and the Democratic National Committee are on pace to far exceed the amounts raised from Wall Street donors in 2008, both in raw dollars and as a percentage of what he raises overall.
Wall Streeters Working Under President Obama
- Former Goldman Sachs CEO.
- Evercore Partners executive.
- Greenstreet Real Estate Partners CEO.
- Former investment banker for JPMorgan.
Wall Streeters in President Obama’s cabinet
- Director of the National Economic Council; Obama’s top economic adviser.
- Pocketed $5 million from D.E. Shaw (one of the largest hedge funds globally), and $2.7 million for speaking to Wall Street firm that were bailed out, including $45,000 from Citigroup and $67,500 each from JPMOrgan-Chase and Lehman Brothers, and $135,000 from Goldman Sachs.
- Oversaw the lifting of basic financial regulations dating from the 1930s.
- Deputy national security adviser for international economic affairs.
- Worked for and received more than $7.4 million from Citigroup, including a $2.25 million year-end bonus.
- Since his addition to the Obama Administration, Citigroup has been the beneficiary of $45 billion in cash and over $300 billion in government guarantees of its bad debts.
- Obama’s campaign’s top strategist and senior advisor.
- Pocketed $1.55 million last year from two Wall Street firms.
- Agreed to buyouts that will garner him another $3 million over the next five years.
- Disclosure claims personal assets of between $7 and $10 million.
Thomas E. Donilon
- Top deputy nation security adviser.
- Pocketed $3.9 million by a Washington law firm whose clients include Citigroup, Goldman Sachs, and Apollo Management.
- Director of the White House Military Office.
- Pocketed $227,155 last year from IndyMac Bancor, the California bank that heavily promoted subprime mortgages and now receives government bailout money.
- Head of the Federal Housing Administration, president and chief operating officer of Long and Foster Cos., a real estate brokerage firm.
- Top executive for Freddie Mac from 1999 to 2005.
- Deputy counsel to the president for economic policy.
- Top executive at Harford Financial Services where his salary was $4.5 million.