Democrats reacted possessively on Thursday to Republican Minority Leader John Boehner's effort to persuade JPMorgan Chase CEO Jamie Dimon that the financial industry should be giving Republicans money rather than Democrats. Boehner's overture to Dimon, in which he made the case that Republicans better represent the industry's interests, was reported by the Wall Street Journal this morning in a story about how GOP fund-raisers are trying to capitalize on bankers' regrets over backing President Obama. During the bailout debate, Waxman said, Dimon personally called Waxman and "impressed upon me how much he needed." It was delivered with bipartisan support, said Waxman, but the GOP now wants "to divorce themselves from Bush's bailouts." The retreat is "quite opportunistic," he said. "You would think that none of them voted for it."
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Different article from above:
Republicans are stepping up their campaign to win donations from Wall Street, trying to capitalize on an increasing sense of regret among executives at big financial institutions for backing Democrats in 2008. In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.
