Some Wall Street Democrats Are Sitting Out Georgia Senate Races

[marmar]

(Bloomberg) -- As deep-pocketed Democrats on Wall Street celebrate the ouster of President Donald Trump, some are privately showing little appetite for backing the party’s remaining skirmishes in Georgia.

Employees of securities and investment firms poured about $77 million into President-elect Joe Biden’s campaign and the super-PACs supporting him, more than quadruple what they steered toward Trump. But the pair of Democrats facing runoff elections in Georgia against Republican senators David Perdue and Kelly Loeffler on Jan. 5 are unlikely to see such lopsided support -- even with control of the chamber at stake.

For Wall Streeters, keeping the Senate in Republican hands means thwarting tax hikes for corporations and capital gains, as well as other policies that don’t align with their financial interests.

“Most Wall Street Democrats and certainly all Wall Street never-Trumpers -- Republicans that voted for Biden -- want a split government,” said Mike Novogratz, a long-time hedge fund manager and founder of Galaxy Digital. .........(more)

https://finance.yahoo.com/news/wall-street-democrats-sitting-georgia-130000310.html

[gratuitous]

1. Gee, why would the big money boyz want a split government?

Because they can make more money when government oversight is knee-capped?

[DonCoquixote]

2. these people do not realize

that unless we actually go out of their comfort zone, the GOP will come back and make damned sure the economy id DEAD FOR EVERYBODY!

[still_one]

4. Unidentified?

[beachbumbob]

5. the race needs little money to win BUT needs BIG GOTV effort, no one paying attention to ads

at this point

[guillaumeb]

6. Typical of Wall Street, short-sighted, and greedy voters.

Recommended.

[theaocp]

7. Point to this before pointing at slogans. n/t

[Wednesdays]

8. K&R. nt