Big Bankers are Reluctant to Contribute to President Obama’s NY Fundraiser

by wildcherry on Tuesday, October 20th, 2009 | Business, News

New York Times reported, big bankers are reluctant to contribute to President Obama’s NY fundraiser at the Mandarin Oriental in New York tonight. Only six or fewer donors from bailed-out giants like Goldman Sachs, JPMorgan Chase and Citigroup are expected to attend. About a third of the 200 Democratic donors attending will be from Wall Street. Each donor is paying the legal maximum of $30,400.

Part of the reason, several Democratic fund-raisers and executives said, is a fear of getting caught in the public rage over the perception that Wall Street titans profiting from their government bailout may use their winnings to give back to Washington in return.

Many involved, though, say the low attendance from those Wall Street giants also reflected a broader disenchantment with Mr. Obama over the angry language emanating from the White House over the million-dollar bonuses and anti-regulatory lobbying.

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