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Obama beating DLC's HRC on Wall Street? Both do well on Wall Street for 2nd straight quarter [View All]

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draft_mario_cuomo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-17-07 07:08 PM
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Obama beating DLC's HRC on Wall Street? Both do well on Wall Street for 2nd straight quarter
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First, why are Democrats beating Republicans with strong business ties like Mitt Romney on Wall Street? What is it about Clobama that Wall Street is attracted to? Why is Obama, who is allegedly the anti-HRC and anti-DLC, beating the DLC's most prominent member on Wall Street?

Context: Last quarter Obama was Wall Street's favorite while HRC was third behind Obama and Giuliani. http://www.washingtonpost.com/wp-dyn/content/article/2007/04/17/AR2007041701688.html

==With $32.8 million in campaign contributions last quarter, Barack Obama, the Illinois senator and Democratic presidential candidate, easily surpassed his rivals in both parties. And it seems Wall Street money had something to do with it.

Employees of three big investment banks and one major hedge fund were among the leading sources of cash for Mr. Obama, according to data filed Sunday with the Federal Elections Commission. His contributors during the three-month period ended June 30 included Richard S. Fuld Jr., the chief executive of Lehman Brothers, and Kenneth C. Griffin, president of the Citadel Investment Group.

Citadel, a hedge-fund firm based in Chicago, was a wellspring of cash for Mr. Obama. In addition to the $4,600 he collected from Mr. Griffin — the maximum donation allowed from an individual — other Citadel employees donated a combined $147,550 to Mr. Obama’s campaign, according to the Associated Press.==

==Compare that with Mr. Obama’s Democratic rival, Senator Hillary Clinton of New York, who raised $27 million in the quarter. She also got donations from employees of investment banks, but not nearly as much as Mr. Obama. She received $47,850 from employees of Morgan Stanley and $44,150 from Merrill Lynch employees, for example.==

http://dealbook.blogs.nytimes.com/2007/07/16/obama-donations-show-strong-wall-st-support/
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