Wall Street influencing presidential elections and campaigns

This is the season for Wall Street bashing

(AP Photo/Mark Lennihan, File)

(CNN) – Donald trump, going rogue. He skipped Thursday’s Republican debate for a sold out rally of his own. An unprecedented move by a front-runner who has been anything but a conventional candidate.

After all, Trump’s self-financing his campaign. Something that can’t be said of his opponents. But why is Wall Street lining the pockets of politicians who constantly bad mouth the big banks?.

This is the season for Wall Street bashing.

Sanders ad: “He’s taking on wall street and a corrupt political system that keeps in place a rigged economy.”

Hillary Clinton: “We’re going after everybody. They gonna know that they can’t ever put our economy at risk through their shenanigans and their manipulations and their abuses like they did before.”

But Wall Street donors are not taking it personally.

A review of federal campaign filings and interviews with more than a dozen financial executives and political fundraisers show that Wall Street donations are flowing in at record high levels, already giving more than the entire 2012 campaign.

Most every candidate is on the receiving end of the donations, some more than others. Outside political action groups with no limits on donations driving the influx, with checks of 1, 2 even 10 million dollars from industry participants.

While Jeb Bush was expected to pull in big dollars, Ted Cruz appears to be an unlikely favorite of the big banks, a first term senator with a reputation of bucking his party and Wall Street.

Sen. Ted Cruz: “would you bail out the big banks again? Nobody gave you an answer to that, I’ll give you an answer: absolutely not.”

Sen. Ted Cruz: Goldman is one of the biggest banks on Wall Street, and my criticism with Washington is they engage in crony capitalism.

Ted Cruz’s wife, Heidi, on leave from her job at Goldman Sachs, says her husband isn’t anti-Wall Street at all.

Heidi Cruz: “Ted doesn’t have an anti-Wall Street sentiment. He has an anti-government support of industry sentiment.”

But that hasn’t stopped Cruz’s opponents – namely Donald Trump, from taking advantage of the issue.

Donald Trump: “He doesn’t want you to know that he borrowed from Goldman Sachs because let me tell you — Goldman Sachs has him.

And on the democratic side, Bernie Sanders is making the same point about his number one rival.

Sen. Bernie Sanders: “My opponent is not in Iowa tonight. She is raising money from a Philadelphia investment firm. Frankly, I would rather be with you.”

Clinton’s defense against the Wall Street attacks?

Hillary Clinton: “I was a senator from New York. I took them on when I was senator. I took on the carried interest loophole. I took on what was happening in the mortgage markets. I was talking about that in 2006.”

Wall Street donations are flowing in at record high levels, already giving more than the entire 2012 campaign.

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