Wall Street is rallying for Kamala Harris — but will bankers make the same mistake they made with Obama?
By Charles Gasparino
Published Aug. 10, 2024, 4:23 p.m. ET
Amid the media adulation over the very possible presidency of the former dunderhead-turned-cool brat girl Kamala Harris, Wall Street Democrats aren’t wasting any time using the momentum trying to convince those moneymen and women still on the fence over the November election that Harris is a winner.
Wall Street execs should support her, and they won’t be sorry. Oh yes they will, if history is any guide.
Wall Street is important for presidential candidates for the same reason you rob banks: that’s where the fundraising money is.
It has been my experience that most people in high finance are center-left and center-right, though they can be swayed by spin and vibe.
Recall that in 2008, many middle-of-the-road Wall Street types swooned over the smooth-talking Barack Obama.
“Obama is a moderate,” Larry Fink, chief executive of money-management behemoth BlackRock, assured me at the time.
He wasn’t alone. Top executives at Goldman Sach lined up in support of the one-term junior senator from Illinois with a tepid legislative record but an amazing stage presence that preached moderation and commonality.
They ignored his background as among the most progressive pols in the country; his private-sector “experience” as a community organizer.
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https://nypost.com/2024/08/10/business/wall-street-dems-are-rallying-for-kamala-harris-will-bankers-make-the-same-mistake-they-made-with-obama-in-08/
