News Analysis: Why Wall Street backs Hillary Clinton? – Xinhua | English.news.cn

NEW YORK, Aug. 12 (Xinhua) — Although Hillary Clinton has promised to further regulate the U.S. financial industry once elected president, the Democratic nominee is winning broad support from Wall Street in this year’s presidential election. Analysts say the reason has little to do with voting for Hillary Clinton as voting against her rival Donald Trump.Latest statistics from Center for Responsive Politics (CRP), a nonpartisan U.S. research group, shows that owners or employees of hedge funds and private equity firms have given 27.6 million U.S. dollars to pro-Clinton groups or her campaign.Meanwhile, the same category of donation for Republican nominee Donald Trump is roughly 19,000 dollars.Among Clinton’s Wall Street boosters, J.B. Pritzker, a billionaire and co-founder of U.S. investment firm Pritzker Group, alone has contributed 2.8 million dollars to Priorities USA, a political action committee (PAC) supporting Hillary Clinton.Pritzker has said openly that he is prepared to do whatever he can do “to make sure that it is Hillary who makes it to the White House and not Trump.”This is a complete change from the last presidential election in 2012 between Republican nominee Mitt Romney and Democratic nominee Barack Obama, when the financial sector showered Romney’s campaign with 113 million dollars, leaving few to support his Democratic peer.

Source: News Analysis: Why Wall Street backs Hillary Clinton? – Xinhua | English.news.cn