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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWall Street is getting tired of funding socially conservative Republicans running for president
(Reuters/Brian Snyder) Republican presidential candidate Ted Cruz. His wife may have worked at Goldman, but this is not Wall Street's guy.
For years, when it came to presidential candidates, Wall Street made huge compromises in order to support the Republican Party.
The money men in New York City set aside their socially liberal views in order to support fiscally conservative candidates because that was the only way to get on the same page as the GOP base.
The result has been a series of candidates Wall Street's big donors didn't really want.
It seems those donors are getting tired of that outcome.
Hedge fund billionaire Leon Cooperman recently vented his frustration with this arrangement on an episode of Wall Street Week.
"I tend to be more Republican in my views, but socially very liberal. I'm going to have trouble with any Republican that does not disavow a fixation with social issues," he said.
"Republicans have to understand that because young people in our country are not grabbed by those issues."
More: http://finance.yahoo.com/news/wall-street-getting-tired-funding-113000642.html
RKP5637
(67,111 posts)republican critter lineup is enough to disgust any reasonably sane person IMO.
Quixote1818
(28,947 posts)the lowest common denominator of the American culture. Now almost every candidate that gets any traction is nuts.