Wall Street Turns on Democrats

It's no secret. Democrats are seeking to reform the hand that feeds them.

Connecticut Democrat Chris Dodd leads the Senate fight for financial reform. But on Monday, Dodd will travel to Manhattan's Upper East Side to attend a fundraiser at a Wall Street executive's home.

This is the way Washington works, of course. Famously, or perhaps notoriously, Goldman Sachs employees amounted to the second largest group to donate to Barack Obama's 2008 campaign. Citigroup and JPMorgan Chase came in at six and seven.

But there are new signs Wall Street is turning on, or slightly away from, Democrats.

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Comments

[Mark701]

03:07 PM on 04/30/2010

What this says to me is the democratic party is doing what the American public wants them to do instead of what Wall Street wants them to do. Good for them.