Wall Street Is Still Giving to President
3rd July 2012
How is this a surprise? All of the populist rhetoric out of Washington is just handwaving to impress the Great Unwashed and get the Fool Vote. Now more than ever, in an age of disintermediation and freely-flowing information, ‘Wall Street’ depends on ever-increasing thickets of government regulation to safeguard their position as gatekeepers to the financial markets.
July 3rd, 2012 at 11:07
It is no surprise, but it is indicative that Wall Street thinks Obama will win.
They don’t care for ideology, they just want to be seen backing the winning dog.
Four years after they drove the economy into the ditch, the bankers and traders still have the wheel. And they want to keep it.