2016 Postmortem

portlander23

(2,078 posts) Fri Oct 23, 2015, 07:04 PM Oct 2015

Hillary Clinton, Jeb Bush Still Favorites of Wall Street Banks

Hillary Clinton, Jeb Bush Still Favorites of Wall Street Banks
Paul Blumenthal
Moyers & Company

From April through September, Clinton, the Democratic presidential frontrunner, raised $636,065 from employees (and their spouses) of Bank of America Merrill Lynch, Barclay’s, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, UBS and Wells Fargo. Bush, the former Republican presidential frontrunner, pulled in $606,453.

After starting his campaign on June 15, Bush has nearly caught up to Clinton’s total fundraising from big bank executives. From July through September, Bush raised $253,503 to Clinton’s $203,456 from these donors.

The policies put forward by Clinton do stop short of those proposed by her primary opponent Sen. Bernie Sanders (I-VT) to break up the banks and restructure them.

Bundlers who raised more than $100,000 for Clinton’s campaign include Morgan Stanley’s Tom Nides, a former assistant secretary of state under Clinton; JPMorgan Chase’s Karen Keogh, Clinton’s former New York City director when she served as senator from New York; and JPMorgan Chase’s Eric Gioia, a former New York City council member.

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Hillary Clinton, Jeb Bush Still Favorites of Wall Street Banks (Original Post) portlander23 Oct 2015 OP

Seriously, thats pocket change for wall street these days BootinUp Oct 2015 #1

their lot will not change much if Hillary or JEB! gets elected Doctor_J Oct 2015 #2

Those figures go against an implication of Paul Krugman. Eric J in MN Oct 2015 #3

Either way the middle class is screwed. Bernblu Oct 2015 #4

What % of total contributions during the same time period is that? Agschmid Oct 2015 #5

Hillary leads Jeb! in the primary of big Wall St. banks 6-5! Bernblu Oct 2015 #6

Kicked and recommended. Uncle Joe Oct 2015 #7

BootinUp

(47,144 posts)

1. Seriously, thats pocket change for wall street these days

Reply to portlander23 (Original post)

Fri Oct 23, 2015, 07:07 PM

Oct 2015

I would characterize it as hedging a bet.

Doctor_J

(36,392 posts)

2. their lot will not change much if Hillary or JEB! gets elected

Reply to portlander23 (Original post)

Fri Oct 23, 2015, 08:28 PM

Oct 2015

Either way They'll get the schools and probably Medicare and maybe even social security.

Eric J in MN

(35,619 posts)

3. Those figures go against an implication of Paul Krugman.

Reply to portlander23 (Original post)

Fri Oct 23, 2015, 08:30 PM

Oct 2015

Last edited Fri Oct 23, 2015, 09:03 PM - Edit history (1)

Krugman:

Hedge funds used to give the majority of their contributions to Democrats, but since 2010 they have flipped almost totally to the G.O.P.

As I said, this lopsided giving is an indication that Wall Street insiders take Democratic pledges to crack down on bankers’ excesses seriously.

http://www.nytimes.com/2015/10/16/opinion/democrats-republicans-and-wall-street-tycoons.html?_r=0

The article in the OP by Paul Blumenthal shows that overall Wall Street employee hard money to Hillary Clinton and Jeb Bush is about the same. That statistic is more meaningful than just looking at hedge funds, as Krugman did in that column.