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Wall Street Shorts the GOP

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The city’s financiers are putting a “buy” on Hillary. In 2005, the Democrats outraised Republicans in the securities-and-investment industry for the first time since 1994, raking in $13.6 million—or 52 percent of Wall Streeters’ total political contributions of $26.3 million. Fueling the shift in giving were some of the biggest names in the industry, including Mark Gallogly, then of the Blackstone Group, who gave the Dems $79,600; Julian Schroeder of Credit Renaissance Partners, who chipped in $81,000; and David Shaw of D.E. Shaw & Company, who gave $75,100, according to an analysis of recent Federal Election Commission data by the Center for Responsive Politics. Records show that Hillary Clinton has bested every other senator in cash raised from members of this sector in 2005 and 2006. With her reelection all but certain and her likely presidential run looming, Wall Streeters want to curry favor. Chuck Schumer, meanwhile, is now head of the Democratic effort to take back the Senate, which means the legendary fund-raiser suddenly has scores of races to bankroll. Other Wall Street big givers include Marc Lasry ($72,900), Daniel Nir ($72,800), and Robin Neustein ($70,200).


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