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Defying the Odds

Defying the Odds
New book about the 2016 election.

Friday, October 16, 2015

HRC, Jeb, and Wall Street

Reuters reports:
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 (BAC.N), Citigroup (C.N), Credit Suisse (MLPN.P), Goldman Sachs (GS.N), HSBC HSBCUK.UL, JPMorgan Chase JPN.N, Morgan Stanley(MS.N) and UBS UBSAG.UL 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. 
Bush, seen as a moderate in the crowded Republican field where 14 candidates are competing for the nomination, trails Donald Trump, Ben Carson and Carly Fiorina, three candidates who have never held elected office, in every major poll.

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.