Who Is Wall Street's Favorite Candidate?

Feb 5, portfolio

Wall Street accounted for more than its share of big donors to presidential candidates in 2007. No surprise there.

What might come as a surprise is whom that cash went to.

Eight of the 10 top corporate sources of campaign cash were banks (actually, employees and their families), and six of those eight heavily favored Democrats. Who was the candidate with the biggest backing? Senator Hillary Clinton, Democrat of New York.

"No matter who becomes our next president, Wall Street will have an indebted friend in the White House," said Sheila Krumholz, executive director of the Center for Responsive Politics, the nonpartisan group that crunched numbers from the Federal Election Commission and developed its analysis.

Goldman Sachs led the Street. Its employees and their families gave almost $1.5 million to presidential candidates, 71 percent of it to Democrats.

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