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Tipsheet

How <em>Conservative</em> is Wall Street?

Townhall's Garrett Murch sends this interesting commentary along from the Herigate Foundation:

"At Bear Stearns, 157 investment bankers, managing directors, senior managing directors, and other financial sophisticates contributed over $264,000 to Democratic candidates. In contrast, 77 of their colleagues sent about half that amount — $122,000 — to the Republicans.

At JP Morgan Chase, the Democratic advantage, at 3 to 1, was even larger. Contributions to Sens. Obama, Clinton, Dodd, Biden, and Edwards totaled $275,000 from 238 elites in that firm. Republican presidential aspirants had to make do with $93,000 from 83 equally important-sounding people.

The story was much the same at Lehman Brothers. There, the Democratic field swept up over 560,000 pre-bankruptcy dollars from 272 former Lehman employees. Republican candidates received less than half that — $256,000 — from 145."

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