Monday, February 1, 2016

Wall Street is walking out on JEB! Bush — here's what would send it running

No more Campaigns of Lies!
Let's abort the poor, marry the gays,
and eliminate taxes on the
JOB CREATORS!
(Business Insider) - Super PAC financial disclosures are out, and donations to the group backing former Florida Gov. Jeb Bush (R), the Right to [Rule] PAC, have fallen off a cliff.
From July 2015 to the end of the year, the PAC added about $15 million to its near-$120 million war chest.
That paled in comparison to the more-than $100 million raised in the first half of 2015. And $10 million of the second half of the year's haul came from a single donor, former AIG CEO Hank Greenberg.
Over at Goldman Sachs, Jeb Bush's name has become something of a "company joke,"according to Bloomberg.
Incidentally, the way Wall Street sees it, Bloomberg would be the final nail in Bush's coffin.
Bloomberg, the man and former mayor of New York City, not the company, of course.
After The New York Times reported that billionaire Michael Bloomberg was seriously considering a run for the presidency and would make a decision on the matter sometime in March, Wall Street collectively rejoiced.
"Mike is Wall Street," said one managing director at a New York based hedge fund. "Plus, we need fresh blood."
Indeed, almost 70% of hedge fund professionals polled by the online investing network SumZero said they would support a Bloomberg run last month.
This isn't a new idea. Bankers at Bank of America have been hopefully gossiping about it since last summer.
Billionaire hedge fund manager Bill Ackman said he would "do anything in his power" to get Bloomberg elected back in October when the word was there was no way Bloomberg would run. Read more.

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