As Mitt Romney raises money in London from bankers and lobbyists connected to the Libor rate-fixing scandal, liberal advocacy group Americans United for Change released a web video on Thursday attacking the presumptive Republican nominee's close ties to big banks.
The video combines multiple news clips scrutinizing Romney's decision to gather checks from officials at London-based bank Barclays, which agreed to a fine of more than $450 million in July for manipulating the Libor rate -- the most widely used interest rate in the world, tied to hundreds of trillions of dollars in loans and financial securities.
In the video, the writing of "big checks" for Romney by executives of Barclays and other large banks is linked to his repeated pledge to repeal the Dodd-Frank financial reform law. The video asserts that such a repeal would free the banks from needed regulation and ignore "the reckless actions of these institutions that led to the financial collapse that cost 8 million Americans their jobs."
While in London on Thursday, Romney will attend a fundraising reception, followed by a dinner. The dinner was originally to be hosted by then-Barclays boss Robert Diamond, who pulled out of the event in light of the Libor scandal that also forced him from his job. Diamond's replacement, Patrick Durkin, has also raised $1.1 million (£700,700) for Romney's 2012 presidential bid.
The bank's apparent foray into politics has ignited the ire of several members of the United Kingdom's Parliament, who earlier this month pressed Barclays executives to stop donating and have criticized their scheduled attendance at Thursday's fundraisers.
The scrutiny over the bank executives' participation in Romney's fundraisers even prompted Barclays Vice Chairman Cyrus Ardalan to write the MPs on Thursday to say that the bank does not officially endorse any candidate:
"I would like to clarify that all political activity undertaken by Barclays' US employees, including personal fundraising for specific candidates, is done so in a personal capacity, and not on behalf of Barclays. Barclays is politically non-partisan, makes no political donations nor seeks to influence the political activities of its employees."
That explanation is unlikely to move the MPs, who, at the beginning of this month, signed a parliamentary "early day motion" calling on Barclays executives to suspend donations to Romney in the wake of the Libor scandal. After signing the motion, MP Margaret Ritchie, of the Social Democratic and Labour Party, told The Huffington Post it was "deeply worrying" that so many of the bank's executives had contributed to the candidate.
"There need to be proper avenues of accountability and scrutiny between politicians, the banks and the public they serve, not £75,000 per head fundraising dinners in Central London," Ritchie said.
With A Little Help From My Friends (Joe Cocker)
<strong><a href="http://www.huffingtonpost.com/2012/05/28/mitt-romney-will-not-repu_n_1551540.html" target="_hplink">(May 28, 2012) --</a></strong> Despite a resurgence of <a href="http://www.thedailybeast.com/articles/2012/05/25/mitt-romney-s-new-bff-donald-trump.html" target="_hplink">Donald Trump's birther claims</a>, Romney refused to repudiate the billionaire, who has been helping with his 2012 campaign efforts. "You know, I don't agree with all the people who support me ... I need to get 50.1 percent or more and I'm appreciative to have the help of a lot of good people," Romney said. (Photo by Ethan Miller/Getty Images)
Who Let The Dogs Out (Baha Men)
<strong><a href="http://www.huffingtonpost.com/2012/04/16/mitt-romney-seamus_n_1429925.html" target="_hplink">(April 16, 2012) -- </a></strong> In an interview with ABC's Diane Sawyer, Romney discussed the political fallout over strapping his dog Seamus to a car roof. He admits that he probably would not do it again. (Handout)
It's The End Of The World As We Know It (R.E.M.)
<strong><a href="http://www.huffingtonpost.com/2012/04/04/mitt-romney-medicare-president-obama_n_1403267.html" target="_hplink">WASHINGTON, D.C. (April 4, 2012) --</a></strong> Speaking before the Newspaper Association of America, Romney attacked Barack Obama on his health record, claiming the president "has taken a series of steps that end Medicare as we know it." (Photo: Jim Watson/AFP/Getty Images)
For The Love Of Money (The O'Jays)
<a href="http://www.huffingtonpost.com/2012/03/14/mitt-romney-i-made-a-lot-of-money_n_1345516.html" target="_hplink"><strong>NEW YORK, N.Y. (March 14, 2012) -- </strong></a> Romney became testy on Fox News while discussing his appeal to lower-income voters. On the same day, Occupy Wall Street protesters staged a demonstration outside Mitt's Waldorf Astoria hotel fundraiser. (Photo: Emmanuel Dunand/AFP/Getty Images)
People Are Strange (The Doors)
<strong><a href="http://www.huffingtonpost.com/2012/03/09/mitt-romney-south_n_1334478.html" target="_hplink">PASCAGOULA, Miss. (March 9, 2012) --</a></strong> While on the trail in Alabama and Mississippi, Romney got in touch with his Southern side, learning how to say "y'all" and liking his grits. With those new experiences in hand, he admitted that "strange things are happening to me." (Photo: AP/Evan Vucci)
Pink Cadillac (Bruce Springsteen)
<a href="http://www.huffingtonpost.com/2012/02/24/mitt-romney-cadillac_n_1299740.html" target="_hplink"><strong>DETROIT, Mich. (Feb. 24, 2012) -- </strong></a> While speaking before the Detroit Economic Club at Ford Field, Romney listed not two, not three, but four American-made cars that he and his wife, Ann, owned. Among the vehicles: "a couple of Cadillacs." (Photo: Scott Olson/Getty Images)
It's The Hard-Knock Life (Annie & The Orphans)
<strong><a href="http://www.huffingtonpost.com/2012/02/01/mitt-romney-very-poor_n_1246557.html" target="_hplink">TAMPA, Fla. (Feb. 1, 2012) --</a></strong> In an interview with CNN, Romney noted that he is "not concerned about the very poor," citing the social safety net for that segment of the populace. (Photo: Ethan Miller/Getty Images)
America The Beautiful
<a href="http://www.huffingtonpost.com/2012/01/31/mitt-romney-america-the-beautiful-_n_1243908.html" target="_hplink"><strong>THE VILLAGES, Fla. (Jan. 31, 2012) --</strong></a> On the eve of Florida's primary, Romney led his supporters in a singing of the patriotic song. (Photo: Emmanuel Dunand/AFP/Getty Images)
Successful (Drake, Lil Wayne)
<a href="http://www.huffingtonpost.com/2012/01/19/mitt-romney-tax-returns_n_1217708.html" target="_hplink"> <strong>CHARLESTON, S.C. (Jan. 19, 2012) -- </strong></a> During CNN's GOP debate, Romney refused to commit to disclosing his tax returns, offering no apologies for his success. (Photo: Emmanuel Dunand/AFP/Getty Images)
Bye Bye Bye ('N Sync)
<a href="http://www.huffingtonpost.com/2012/01/09/mitt-romney-i-like-being-able-to-fire-people_n_1194115.html" target="_hplink"><strong>NASHUA, N.H. (Jan. 9, 2012) -- </strong></a> In a speech about insurance options, Romney tells audience members, "I like being able to fire people who provide services to me." (Photo:AP/Charles Dharapak)
Don't Know Why (Norah Jones)
<strong><a href="http://www.huffingtonpost.com/2011/10/28/mitt-romney-embraces-climate-change-denial_n_1063905.html" target="_hplink">PITTSBURGH, Pa. (Oct. 27, 2011) --</a></strong> Back in June 2011, Romney said humans are somewhat tied to climate change. By October, he had reversed course, saying "We don't know what causes climate change." (Photo: Jim Watson/AFP/Getty Images)