Wall Street has long since fallen out of love with Barack Obama. Indeed, the industry is firmly behind the Republican ticket for the 2012 presidential elections in November, with donors from Goldman Sachs, JP Chase, Morgan Stanley, Bank of America and Credit Suisse as Mitt Romney’s top six campaign contributors in 2012, according to OpenSecrets.
Each bank chipped in around $500,000 in the hope that President Romney would treat them with a bit more respect than they have received from the current president, who hurt their feelings when he called them “fat-cat bankers” on 60 Minutes. There is also the hope that Romney may...