Hotspring 44
10-16-2015, 09:38 PM
Bush, Clinton are Wall Street's favorites, donations show (https://news.yahoo.com/bush-clinton-wall-streets-favorites-donations-show-063758748--sector.html)
NEW YORK (Reuters) - Jeb Bush is leading the U.S. presidential campaign by at least one measure: financial support from Wall Street.
The former Florida governor who is seeking the Republican presidential nomination received more financial backing than any competitor - Democrat or Republican - from employees of the major Wall Street banks between July and the end of September, campaign filings released on Thursday show.
Employees from Bank of America , Citigroup , Credit Suisse , Goldman Sachs , HSBC , JPMorgan Chase , Morgan Stanley and UBS gave Bush a combined $107,000. He also received the maximum-allowed $2,700 from billionaire hedge fund manager Leon Cooperman.
The sums are miniscule compared to Bush's total haul for the quarter of $13.4 million. But his popularity among financiers is starkly different from his standing in the multitude of national polls.
The second most popular candidate on Wall Street according to giving patterns is Democratic front-runner and former Secretary of State Hillary Clinton. She took in nearly $84,000 from employees of the same banks.
Financial industry lobbyists said bankers favored candidates whose rhetoric seemed measured and "non-scary" over unpredictable outsiders, some of whom want dramatic changes such as breaking up big banks.
"They are both known entities with familiarity of the marketplace," Richard Hunt, head of the Consumer Bankers Association, said of Bush and Clinton.
https://news.yahoo.com/bush-clinton-wall-streets-favorites-donations-show-063758748--sector.html
NEW YORK (Reuters) - Jeb Bush is leading the U.S. presidential campaign by at least one measure: financial support from Wall Street.
The former Florida governor who is seeking the Republican presidential nomination received more financial backing than any competitor - Democrat or Republican - from employees of the major Wall Street banks between July and the end of September, campaign filings released on Thursday show.
Employees from Bank of America , Citigroup , Credit Suisse , Goldman Sachs , HSBC , JPMorgan Chase , Morgan Stanley and UBS gave Bush a combined $107,000. He also received the maximum-allowed $2,700 from billionaire hedge fund manager Leon Cooperman.
The sums are miniscule compared to Bush's total haul for the quarter of $13.4 million. But his popularity among financiers is starkly different from his standing in the multitude of national polls.
The second most popular candidate on Wall Street according to giving patterns is Democratic front-runner and former Secretary of State Hillary Clinton. She took in nearly $84,000 from employees of the same banks.
Financial industry lobbyists said bankers favored candidates whose rhetoric seemed measured and "non-scary" over unpredictable outsiders, some of whom want dramatic changes such as breaking up big banks.
"They are both known entities with familiarity of the marketplace," Richard Hunt, head of the Consumer Bankers Association, said of Bush and Clinton.
https://news.yahoo.com/bush-clinton-wall-streets-favorites-donations-show-063758748--sector.html