Paul Krugman: Since 2010, Wall Street donations almost all going to GOP.

[pnwmom]

So their influence on Democratic candidates will be very limited.

Krugman also points out that if any Democrat is elected, that person's actions are going to be limited by Congress.

http://www.nytimes.com/2015/10/16/opinion/democrats-republicans-and-wall-street-tycoons.html?_r=1

Hillary Clinton and Bernie Sanders had an argument about financial regulation during Tuesday’s debate — but it wasn’t about whether to crack down on banks. Instead, it was about whose plan was tougher. The contrast with Republicans like Jeb Bush or Marco Rubio, who have pledged to reverse even the moderate financial reforms enacted in 2010, couldn’t be stronger.

For what it’s worth, Mrs. Clinton had the better case. Mr. Sanders has been focused on restoring Glass-Steagall, the rule that separated deposit-taking banks from riskier wheeling and dealing. And repealing Glass-Steagall was indeed a mistake. But it’s not what caused the financial crisis, which arose instead from “shadow banks” like Lehman Brothers, which don’t take deposits but can nonetheless wreak havoc when they fail. Mrs. Clinton has laid out a plan to rein in shadow banks; so far, Mr. Sanders hasn’t.


But is Mrs. Clinton’s promise to take a tough line on the financial industry credible? Or would she, once in the White House, return to the finance-friendly, deregulatory policies of the 1990s?

Well, if Wall Street’s attitude and its political giving are any indication, financiers themselves believe that any Democrat, Mrs. Clinton very much included, would be serious about policing their industry’s excesses. And that’s why they’re doing all they can to elect a Republican.

SNIP

[Hoyt]

1. Come on PK, we've been told Wall Street can't wait for Clinton.

[RobertEarl]

2. His opinion is:

"Well, if Wall Street’s attitude and its political giving are any indication, financiers themselves believe that any Democrat, Mrs. Clinton very much included, would be serious about policing their industry’s excesses. And that’s why they’re doing all they can to elect a Republican."


But we know big money is not liking the Bern, but do like H.

And of course, they love R's who kiss their asses. But to say that the crooks are indecisive about which D they want is hooey.

[tecelote]

4. Exactly.

R first but who's the D? We all know. D3.

[quickesst]

3. I want to know....

...how he managed to get out from under the bus long enough to write this. Someone's gonna be in trouble.

[Eric J in MN]

5. 66% of hard money from workers in finance, real estate, insurance going to GOP.

Soft money is secret.

But 66% is less than "almost all."

https://www.opensecrets.org/industries/

[Eric J in MN]

6. Hillary Clinton has received more money from Wall St employees than Bernie Sanders.

I'm not saying that proves anything. But if we're going to accept Krugman's premise that people support whichever candidate they think will regulate their industry less, then they think Hillary Clinton would regulate Wall St less than Bernie Sanders.


Hard money as of last reporting date from employees in Securities & Investment

Hillary Clinton $1,945,559
https://www.opensecrets.org/pres16/indus.php?cycle=2016&id=N00000019&type=f

Bernie Sanders $47,833
https://www.opensecrets.org/pres16/indus.php?cycle=2016&id=N00000528&type=f


In other words, Hillary Clinton got 40x as much hard money from Wall St employees as Bernie Sanders.

[bobbobbins01]

7. I'd say Wall Street is doing all they can to elect a Republican.

But as any investor knows, you don't put all your eggs in one basket, so they're hedging their bets with Hillary. Maybe should could tell them to cut it out.

[Eric J in MN]

8. Republican presidential candidates are getting most of their money from Super PACs

...which leaves the public largely in the dark.

Hillary Clinton and Jeb Bush received similar amounts of hard money from Wall St employees.

His Super PAC raised over $100 million, and her Super PACs raised about $20 million, and so it's likely that he's gotten more from Wall St employees. But because of the Citizens United ruling of the Supreme Court which legalized Super PACs, we don't know.

[Cha]

9. Of course.

[Bread and Circus]

10. what caused the crash is that people couldnt paybtheir mortgages

And there are numerous reasons why... it wasnt just wall street