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Home / US / Wall Street is booming under trump. But many of its donors are concerned about the Democrats.

Wall Street is booming under trump. But many of its donors are concerned about the Democrats.



Of the donors to the securities and investment sectors, Congressional Democratic incumbents and candidates have received $ 39.3 million in 2018, compared to $ 28 million for Republicans. This is a reversal of 2014 when Democrats rallied $ 28 million and Republicans $ 41.5 million. In 2018, 15 of the top 20 congressional recipients of securities and investment industry cash are Democrats; In 2014, 15 of the top 20 Republicans were included [196500200] The totals do not include an independent Super PAC, and the next round of revelations, which will run until the end of September, will be released later this month.

Despite the shift of balance left, Wall Street remains a source of Republican financial support. The money from the Wall Street Political Action Committee, which has so far made up about a third of the total donation, is still dumping Republicans. And Stephen A. Schwarzman, chairman of the private equity Blackstone group and adviser to Mr. Trump, has already donated $ 7.25 million to super PACs to benefit the Republicans and the Senate.

In September, Jared Kushner, the president's son-in-law, and a senior White House advisor spoke to a gathering of top Manhattan republican donors, which included some of Wall Street's billionaire titans. Among them: Joe Ricketts, the founder of TD Ameritrade; Daniel S. Loeb, the hedge fund manager of Third Point L.L.C .; Charles R. Schwab, founder of the Charles Schwab Corporation; and Paul Singer, the hedge fund magnate who heads Elliott Management Corporation.

And this month, Speaker Paul Ryan will brief a small group of top New Yorkers in the office of Maurice R. Greenberg, the former boss. Following a New York Times invitation, some of the industry's most prominent republican donors have come forward All in all, Seth Klarman, hedge fund manager and former Republican top candidate, completely reversed the parties now promising to give as much as $ 20 million to help Democrats 201

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