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Obama Seeks to Win Back Wall St. Cash - 6/13/2011 2:58:33 AM   
Brain


Posts: 3792
Joined: 2/14/2007
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I guess I'm just stupid but I don't understand why he needs their money and why he is such a brown nose to the guys when they treat him like dirt. I can't believe the fat cat bankers were enraged and had their feelings hurt, the nerve. Obama saved their asses when he should have let them go down the toilet and they don't appreciate it. Why does he need the scumbags anyway! Like you can't get money from anywhere else? They are Republicans anyway supporting Romney, why bother getting their support. I'm glad at least one of the donors declined the invitation.



Obama Seeks to Win Back Wall St. Cash

By NICHOLAS CONFESSORE

Mr. Obama, who enraged many financial industry executives a year and a half ago by labeling them “fat cats” and criticizing their bonuses, followed up the meeting with phone calls to those who could not attend. The event, organized by the Democratic National Committee, 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.

Executives at large investment banks, a group that gave generously to Mr. Obama in his last campaign, are remaining on the sidelines for now. Only a small handful of such donors have appeared in Mr. Obama’s joint campaign filings with the Democratic National Committee, though officials there said more would appear in the coming weeks.

And as Mr. Obama seeks to rebuild, Mitt Romney, a former Massachusetts governor who is seeking the Republican presidential nomination, is using his background as a venture capital executive and his policy proposals to woo financial-industry donors. Last week, Mr. Romney held three fund-raisers in Greenwich, Conn., and New York, including a reception hosted by Anthony Scaramucci, a hedge fund manager who donated to Mr. Obama in 2008. Mr. Scaramucci said he wanted a president who embodied pragmatism and middle-of-the-road solutions. In 2008, that candidate was Mr. Obama, he said; today, it is Mr. Romney.


http://www.nytimes.com/2011/06/13/us/politics/13donor.html?_r=1&partner=rss&emc=rss

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