Tuesday, November 29, 2011

Blackstone's Steve Schwarzman backs Mitt Romney

Stephen Schwarzman, chairman of the world’s largest private-equity firm, will host a fundraiser for Mitt Romney at his Park Avenue apartment next month, a sign that Romney is closing the sale with Wall Street’s wealthiest donors.

The event marks Schwarzman’s inaugural step to help Romney secure the Republican presidential nomination, according to a person familiar with Schwarzman’s plans who spoke on condition of anonymity. He will follow up with efforts to persuade colleagues in the financial industry to get behind Romney’s presidential bid, the person said.

Backing from Schwarzman, co-founder of Blackstone Group LP and a longtime Republican donor, may open doors for Romney with other contributors as the field of Republican candidates remains crowded with a little more than five weeks before the first nomination contest.
The full story is HERE.

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1 comment:

Terrye said...

Oh my goodness. I guess this means that Romney is one of the big bad 1%. Needless to say all those true conservatives out there will find this horrid and feel the need to back that man of the people...Newt Gingrich!

In truth, this is a vote of confidence for Romney from someone who understands the economy.