Hedge fund managers bailing on the President?

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It's too early to tell if Wall Street has solidly shifted to the Republicans--it's always a bit cloudy as the Street tends to support the person it perceives as the eventual winner.

But it's fair to say that some people on Wall Street feel demonized by Washington. Daniel Loeb, a huge supporter of President Obama, has penned a letter that has gained some traction, reports the New York Times. "Washington has taken actions over the past months, like the Goldman suit that seem designed to fracture the populace by pulling capital and power from the hands of some and putting it in the hands of others."

Other hedge funds and Wall Street execs are also turning away from the President. Some say that Jamie Dimon (Jamie Dimon news) is feeling burned by his one-time allies in Washington. Stephen Schwarzman has gone so far as to liken the President to Hitler.

Less than two years ago, Democrats received 70 percent of the donations from Wall Street; since June, when the financial regulation bill was nearing passage, Republicans were receiving 68 percent of the donations, notes the Times. So a shift may be underway, if only to back presumptive winners.

For more:
- here's the article

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