Obama And Swiss Banks


The Obama Campaign wants to portray Mitt Romney as a rich fat cat with a Swiss bank account (which he closed in 2010), but that’s nothing compared to the help Obama is getting from one of the most prominent and wealthy Swiss bankers.

Robert Wolf is president of Swiss financial giant UBS Investment Bank and chairman of UBS Americas. He has been one of Obama’s most prolific fundraisers dating back to 2006, when the former Senator from Illinois initiated his run for the White House.

Wolf has bundled more than $500,000 for the president’s reelection, campaign records show. He is but one of many wealthy bankers Obama has turned to in an effort to win a second term.

UBS is, by the way, the largest bank in Switzerland and was founded in 1854… so it’s no fly-by-night outfit. Not only has their President bundled half a million dollars, but UBS itself has given over a half a million:

Wolf’s company, UBS, gave an additional $532,000, making it the 15th largest contributor to Obama’s first presidential run.

Wolf seems to be quite the Obamamaniac:

“The way Barack has taken this nation with his rock-star status,” Wolf told Heilemann in 2007, “it’s very exciting!”

And of course, we have the usual Chicago politics quid pro quo.

Upon taking office in early 2009, Obama appointed Wolf to the Economic Recovery Advisory Board that would help craft the controversial $787 billion stimulus package.

[snip]

Wolf was also one of several major Democratic donors named to the President’s Council on Jobs and Competitiveness. He remains a close adviser and golfing partner to the president. A recent Wall Street Journal article dubbed Wolf “a ‘fat cat’ with the president’s ear.”

Let’s hope Romney uses these facts to show that the Obama Campaign is heavily hypocritical on Swiss banks.

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About Conservative Wanderer

Conservative Wanderer is currently Editor-in-Chief of That's Freedom You Hear! That means anything that goes wrong can be blamed on him. Previously he was a contributor to the PJ Tatler.
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