So let me get this straight: Romney's biggest backers are the very folks who sent the economy off the rails, threw millions out of work and out of their homes while enriching themselves, then gorged themselves on federal bailout funds, which they used to continue paying themselves ginormous bonuses -- and now he's calling the people who ended up on food stamps the grifters????
This marks the one year anniversary of Occupy Wall Street and the four year anniversary of the crash of the financial markets in the wake of Lehman Brothers' bankruptcy. To mark the occasion Campaign for a Fair Settlement is releasing a report showing just how deeply embedded Wall Street and the financial industry have become in the Romney campaign, and how closely Romney's positions echo those of the banking industry.
While the Romney campaign has refused to release the names of its bundlers, lists published by the media and analyzed by researchers show that the financial industry comprises the largest single sector of his support. Among these are executives of the firms most responsible for having crashed the financial markets, brought down the economy, robbed households of trillions of dollars in home equity, and required trillions more in public funds to bail them out.
These individuals and their firms have engaged in the worst abuses in an industry that ran wild. They include:
And they show no signs of changing their ways. The top firms and their executives have yet to face criminal charges or suffer financial penalties commensurate with their crimes.
Even so, they have shifted their funding dramatically towards Mitt Romney and Republicans in 2012. Though he has said little about these issues, Governor Romney has placed himself squarely on the side of the financial industry and in opposition to homeowners and consumers:
Even President George W. Bush came to recognize the need to crack down hard on financial fraud. When he signed the Sarbanes-Oxley bill into law
The era of low standards and false profits is over...No boardroom in America is above or beyond the law.''
By contrast, here's what Romney has said:
By the way, when I get rid of Obamacare and I get rid of Dodd-Frank and I get rid of Sarbanes-Oxley, it doesn't mean I don't want to have any law or any regulation...It means I want to make sure it's modern, it's updated, it goes after the bad guys, but it also encourages the good guys.
Our report lays out the facts in detail, showing just who Mitt Romney thinks "the good guys" are, and how he seems intent on taking us back to that era of low standards and false profits.
Voters as well as reporters covering the campaign need to challenge the candidate to provide much more information and many more answers than he's given to date. Otherwise we're left to conclude that he's essentially a shill for the very people whose greed, recklessness and criminality brought the economy to its knees.
Here are questions we have for Governor Romney:
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