The Times picked up the gauntlet this week, quoting the BB&T CEO Kelly King — a board member of the Financial Services Roundtable:
“If the president doesn’t become a little more balanced and centrist in his approach, then he will likely lose that support [of financial companies].”
Interestingly, according to campaign finance records, King has donated exclusively to Republican candidates, and BB&T’s PAC has historically weighted its contributions in favor of Republican candidates regardless of the party in control. It sounds like a guy who doesn’t even donate to Democrats is trying to shake them down for concessions on financial market reforms based on their desire for campaign contributions — and reporters are lapping it up.
You figure all big bankers would be pouting money into the GOP after Obama stabbed them in the back and started blaming them for nearly all of the nations ills. The "fat cat banker" meme has been the attack of choice by the White House for years. Only now do they understand that a "fat car banker" like CEO King provides the capital for the economy to run. If BB&T didn't crank out the loans to small businesses there would be almost no sustainable hiring in America.
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