CHRIS FRATES & JOHN MAGGS
October 12, 2010
- A d v e r t i s e m e n t
Editor’s note: Another example that the bankers have no allegiance to either party.
A shift in the flow of Wall Street money toward Republicans earlier this year has become a torrent in the final weeks of the campaign, according to lobbyists and business executives doling out the cash.
“Our target ratio for the 2010 cycle is 80-20 Republican,” said Karen Klugh, spokeswoman for the American Financial Services Association.
It’s a striking departure from the 2008 cycle, when the association’s members, representing a broad swath of the finance industry, split their donations roughly evenly between Democrats and Republicans, she said.
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