Clinton, Obama Are Wall Street Darlings
By Janet Hook and Dan Morain
The Los Angeles Times
Friday 21 March 2008
Donations to Democratic campaigns prompt concern that the candidates will go soft on regulation of the financial markets.
Washington - Hillary Rodham Clinton and Barack Obama, who are running for president as economic populists, are benefiting handsomely from Wall Street donations, easily surpassing Republican John McCain in campaign contributions from the troubled financial services sector.
It is part of a broader fundraising shift toward Democrats, compared to past campaigns when Republicans were the favorites of Wall Street.
Some Democrats worry that the influx of money will make their candidates less willing to call for increased regulation of financial markets, which have been in turmoil after a wave of foreclosures on sub-prime mortgages.
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