Wall Street’s Trading Desks Endure Worst First Half in a Decade

Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by lefstathiou on Saturday July 20, 2019 @10:16AM (#20485881)

I believe that is a demonstrably false position. I’ve worked on Wall Street in NYC for 11 years, this statement is not consistent with my experience. There is even data to support it -donations to candidates from these employees is public. Hillary raised 10-1 vs Trump. Link to article below, leave it to you to dig into the fulsome numbers.

“Employees of the 17 largest bank holding companies and their subsidiaries have been sending her $10 for every $1 they contributed to Trump, according to a Reuters analysis.”

http://money.com/money/4554617/hillary-clinton-wall-street-b...

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Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by bobthepanda on Saturday July 20, 2019 @11:56AM (#20486482)

Is that statistic meaningful? I highly doubt that even a majority of the 256k people at JP Morgan are traders.

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Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by TuringNYC on Sunday July 21, 2019 @12:41AM (#20489979)

You are looking at only part of the data and only at the part that supports your story. Donations are not all public, only donations from “little people” are public. The wealthy use Super PACS. From the Washington Post:

Meet the wealthy donors pouring millions into the 2018 elections By Anu Narayanswamy, Chris Alcantara and Michelle Ye Hee Lee Updated Oct. 26, 2018 Wealthy donors who have given at least $1 million contributed 74 percent of the $1.1 billion that has flowed this election cycle into super PACs, which can accept unlimited contributions from individuals and corporations.

While these groups cannot coordinate their advertising with candidates or political parties, they often work closely with official campaigns, and they are influential forces in this year’s congressional midterm elections.

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Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by yborg on Saturday July 20, 2019 @06:22PM (#20488713)

I don't know how you infer ideology from this. Wall Street is all about betting on winners, and NOBODY thought Trump had a chance.

"In 2012, the same group contributed twice as much to Republican candidate Mitt Romney as it did to President Barack Obama’s re-election campaign."

Your own source doesn't really support your narrative.

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Re:Wall Street’s Trading Desks Endure Worst First Half in a ... by jacques_chester on Saturday July 20, 2019 @12:43PM (#20486812)

I see red baseball caps in FiDi.

I don't see them anywhere else.

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