Annie Lowrey offers a simple explanation:
Plenty of financiers loathed the president before their profits turned south, back when their only complaint was that he kept calling them fat cats and wanted to regulate them. But Wall Street has gone from seeming cautiously ungrateful to angrily opposed. Some of that may actually be their renewed strength and the president’s increasing weakness. But some of it is doubtlessly that Wall Street is, all of a sudden, suffering a bit, and like so many Americans, they blame the president.
On Tuesday Goldman Sachs posted a quarterly loss for only the second time since going public in 1999. Gary Rivlin has more.
Nonetheless, there's no sign that Wall Street has pulled the fundraising for Obama. In fact, Obama is even beating Romney among donations from Bain and Company, and has more money from Wall Street than all the GOP candidates combined! Some of them finally understand that their fate is tied up with the country's as a whole.
I have a feeling that, like the news stories about the Jewish vote flocking to the Christianists, there is less to this than meets the eye. But fuck them anyway. I'll leave my sympathy for the vultures at Goldman Sachs for the millions of unemployed Goldman's recklessness and greed helped spawn.
The Dish 