The financial industry abandoned President Barack Obama's reelection campaign in the third quarter of the year, according to data released by the Federal Election Commission, flocking to former Massachusetts Gov. Mitt Romney.
Candidate disclosure records compiled by the Center for Responsive Politics show Romney out-raising Obama with the financial services industry $3,561,783 to $1,643,149 so far this cycle. Obama, who is facing criticism for his role in passing the Dodd-Frank regulatory bill and his plans to increase taxes on the rich, raised over $15 million from the industry in the 2008 campaign.
Texas Gov. Rick Perry, who is barred from taking donations from many on Wall Street due to conflict of interest regulations, has raised $375,275 from the financial industry.
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