Wall Street Has Plenty of Democrat Pals, Too

They know how to 'tow the line,' too: Gary Weiss
By John Johnson,  Newser Staff
Posted Sep 12, 2012 12:32 PM CDT
A trader rushes across the floor of the New York Stock Exchange in this file photo.   (AP Photo/Richard Drew)

(Newser) – Yes, Wall Street would love to see Mitt Romney win in November, writes Gary Weiss at TheStreet, but Weiss wants to debunk the "conventional wisdom" that the financial services industry and Democrats don't get along. New York Sen. Kirsten Gillibrand is a case in point. She's a Democrat running for reelection against a conservative challenger, yet Gillibrand has heavy backing from Wall Street because she is such a strong advocate for it on Capitol Hill.

Gillibrand may be the biggest example, but she's far from the only one. "Wall Street can expect plenty of help from both sides of the aisle in the years to come, Democratic platform rhetoric notwithstanding," writes Weiss. "They may be liberals on many subjects, but when it comes to Wall Street, they tow the line. And the Street is not afraid to show its appreciation." Click for Weiss' full column. (Read more Wall Street stories.)

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