Dealbreaker writes: As you may have heard, President Obama will be running for office again. In 2008, he had a whole bunch of support from Wall Street, including JPMorgan CEO Jamie Dimon and a bunch of whole hedge fund managers. Things got slightly tense in the last few years and while some financiers vowed to never, ever trust Obama with their hearts again (not after what he did to them!), some remained loyal and others can be gotten to. Prior to announcing his reelection campaign, the President held a meeting at the White House, organized by the DNC and attended by bankers and hedge fund managers, with two goals. Goal number one: getting a few things straight and goal number two: seeing who can be counted on.
The event…kicked off an aggressive push by Mr. Obama to win back the allegiance of one of his most vital sources of campaign cash — in part by trying to convince Wall Street that his policies, far from undercutting the investor class, have helped bring banks and financial markets back to health…“The first goal was to get recognition that the administration has led the economy from an unimaginably difficult place to where we are today,” said Blair W. Effron, an investment banker closely involved in Mr. Obama’s fund-raising efforts. “Now the second goal is to turn that into support….”
There’s more. Find It At:
http://dealbreaker.com/2011/06/obama-putting-the-moves-on-wall-street/#more-43184
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