Bankers Say Supporting Obama Is "Bad For Business" And Embarrassing

[megimoo]

It is well documented that Wall Street was deeply offended by Obama's "fat cat" comments after he was elected President, so much so, that longtime Democratic supporters have shifted their support to the GOP for the next election.

In fact, some Wall Streeters even alleged that at an even more basic level, Obama just doesn't like rich people. But apparently the disdain for Bam on the Street may be mostly appearances. According to Andrew Ross Sorkin at Dealbook, While many of the biggest name financiers feel that they can’t publicly support Mr. Obama through campaign contributions the way they did...


http://www.businessinsider.com/banke...ublicly-2011-6

[AmPat]

Took them long enough. Does the Obama family consider themselves "fat cats?":eek:

[Gingersnap]

Read the whole article. Wall Street isn't publicly supporting him but they certainly are in private.

[Molon Labe]

Read the whole article. Wall Street isn't publicly supporting him but they certainly are in private.

don't know why bankers or Wall street wouldn't support him. He's been one of their best allies.

[lacarnut]

don't know why bankers or Wall street wouldn't support him. He's been one of their best allies.

That is for damn sure. QE3 will probably involve selling those toxic assets back to the bank for a nickel or dime on the dollar. We will get screwed and the banks will make out like bandits.

[Molon Labe]

That is for damn sure. QE3 will probably involve selling those toxic assets back to the bank for a nickel or dime on the dollar. We will get screwed and the banks will make out like bandits.

this is one of the main reasons why I am surprised people call him a socialist. Looks much more like corporate fascism to me. Either way it's a nasty form of collectivism. Should have known better when Goldman Sachs backed him to the hilt.

[SaintLouieWoman]

Read the whole article. Wall Street isn't publicly supporting him but they certainly are in private.

They'll play it both ways. They can't afford to offend Obama and his cast of thugs to enforce some semblance of loyalty. They'd be punished if they totally abandoned him for the GOP.

[lacarnut]

They'll play it both ways. They can't afford to offend Obama and his cast of thugs to enforce some semblance of loyalty. They'd be punished if they totally abandoned him for the GOP.

That is the way the banks and large corporations will play it unless at the end Obama is a cinch to lose. I think they are pissing their money away cause the Magic Negro is going down.