Wall Street is booming under Asset. But many of its donors adopt Democrats.



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Donors and Democratic congressional candidates have so far received 39.3 million US dollars in 2018, compared to 28 million USD for Republicans. That's a reversal from 2014 when Democrats collected $ 28 million and Republicans $ 41.5 million. In 2018, 15 Democrats are among the top 20 recipients of contributions from the securities and investment sector to Congress. in 2014, 15 of the top 20 were Republicans.

Totals do not include donations from independent super PACs, and the next set of information to be provided, which will run until the end of September, will be released later this month. .

Despite shifting the balance sheet to the left, Wall Street remains a source of financial support for Republicans. The Wall Street Political Action Committee's money, which accounts for about one-third of the total donations received so far, remains Republican. And Stephen A. Schwarzman, general manager of the private equity group Blackstone and adviser to Mr. Trump, for example, has already donated $ 7.25 million to super PACs for the benefit of Republicans of the Senate and Senate.

In September, Jared Kushner, the president's son-in-law and senior advisor to the White House, met at a meeting with the largest Republican party supporters in Manhattan, including some of Wall Street's titanic billionaires. Street. Among them: Joe Ricketts, founder of TD Ameritrade; Daniel S. Loeb, Third Point hedge fund manager L.L.C .; Charles R. Schwab, founder of Charles Schwab Corporation; and Paul Singer, the hedge fund magnate who heads Elliott Management Corporation.

And this month, President Paul Ryan is to inform a small group of major New York area donors at the office of Maurice R. Greenberg, former CEO of American International Group, as per an invitation from the New York Times.

However, some of the largest Republican donors in the industry have completely overthrown parties, including Seth Klarman, a hedge fund manager and a prominent former Republican contributor, who has pledged $ 20 million to help Democrats in 2018.

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