"It is hard to bite the hands that feed you, especially when you are competing for food." That's Robert Reich, writing in today's FT. Context: Even as Congress debates legislation to tame it, Wall Street is conducting a bidding war between the parties for its continued beneficence. More than 60 per cent of the $34m given by the financial industry to fund the 2010 elections has so far gone to Democrats, but since January it has switched to the Republican camp. In January and February, Citigroup, Goldman, JP Morgan Chase and Morgan Stanley donated twice as much to Republicans as to Democrats.
Goldman et al short the Democrats
Goldman et al short the Democrats
Goldman et al short the Democrats
"It is hard to bite the hands that feed you, especially when you are competing for food." That's Robert Reich, writing in today's FT. Context: Even as Congress debates legislation to tame it, Wall Street is conducting a bidding war between the parties for its continued beneficence. More than 60 per cent of the $34m given by the financial industry to fund the 2010 elections has so far gone to Democrats, but since January it has switched to the Republican camp. In January and February, Citigroup, Goldman, JP Morgan Chase and Morgan Stanley donated twice as much to Republicans as to Democrats.