Wall Street's 'Masters Of The Universe' Have Had It With Everyone In Washington

[xchrom]

http://www.businessinsider.com/wall-street-fed-up-with-washington-2013-12

Politico's Ben White and Maggie Haberman have a deep dive into Wall Street's fraught relationship with Washington.
Writing in Politico Magazine (the publication's new longform progeny), White and Haberman characterize why bankers are so upset with both Democrats and Republicans.

Two paragraphs get to the heart of it. From Politico:

On both sides of the political spectrum, the titans of American finance today find themselves alienated from politics to a surprising degree. On the left, the rift has been precipitated by populist outrage and a damaged, difficult relationship with the White House. The discord and disappointment has simmered for years, and is now boiling toward the surface on both sides, particularly for donors who felt burned and spurned by a White House they helped elect…

Meanwhile, on the right, the estrangement owes to the failures of Mitt Romney’s presidential campaign — a loss that has prompted Wall Street donors to sit on their cash and question the return that their investments in Republican politics can generate …This is not the first time that Wall Street has found itself at odds with one of the political parties in Washington. But it may be the first time since the Great Depression that the New York banker class has been this disconnected from both parties simultaneously.



Read more: http://www.businessinsider.com/wall-street-fed-up-with-washington-2013-12#ixzz2nGu1gRU0

[djean111]

1. Guess they will be sending Hillary and Bill in to shore things up.........n/t

[leftyohiolib]

2. not to worry hillary will feed them well

[zbdent]

3. Somehow, I see the "hoards of cash" that Wall Street is sitting on (not creating jobs)

will be withdrawn come Jan 1, to be used (with not the slightest hint of oversight, thank you Citizens United ruling) to prop up the "party of deregulation of businesses" candidates for 2014.

A gamble, no doubt, but I can see the "victors" in this on 1/3/15 retroactively "forgiving" tax issues on what was spent.

But then, for every $1M spend on a Repug, they will give $1 (one single dollar) to a Dem so that it can appear that "all that political spending" was bipartisan ...

[ancianita]

4. Now, if only these masters would move on into the universe and leave their wage slaves alone. nt

[Enrique]

5. the bankers "have had it" all the way to the bank

the whole Politico article is a bizarre fantasy. The bankers are going to stop buying DC politicians? Are they freaking kidding us?

[sendero]

7. Exactly..

... how many of the real perps of the MBS debacle have gone to jail? Nobody but the punk offerings.

The banksters can cry me a river when they are finally held accountable for WRECKING THE AMERICAN ECONOMY with their FRAUDULENT ACTIVITIES.

So for them to complain that they got nothing for their money is ludicrous. They got a GET OUT OF JAIL FREE card.

[lame54]

6. They're fucking stealing everybodies money and NOT going to jail - what else do they want?