Wall Street Threatens To Get Back At Politicians For Financial Reform

Bankers are planning to tighten the purse strings when it comes time to donate to political campaigns as a way of letting elected representatives know they’re not too happy about the whole financial reform thing.

Politico quotes an anonymous Wall Street bank executive:

“I think at least in the short term there is going to be a great deal of frustration with people who were beating the hell out of us — then turning around and asking for money.”

The post cites a Wall Street journal report the nation’s largest banks have favored Republicans to Democrats when it came to political giving, a switcheroo from last year.

Wall St. plans payback for reg reform [Politico via The Awl]