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Saturday, December 3, 2016

National Memo Executive Editor Avi Zenilman wrote an article this past weekend for The Daily Beast, where he previewed President Obama’s upcoming fundraising trip to New York and explained why Wall Street is still donating to the president even though they can’t stand his populist rhetoric:

Both donors and operatives, speaking to The Daily Beast on condition of anonymity because their universe is full of hushed personal rivalries and petty grudges, said that, for now, much of the money from the financial sector was rolling in out of a sense of obligation. “They’re whining because Obama hurt their feelings,” said House Financial Services chairman Barney Frank (D-Mass.), who guided the financial reform bill through Congress and is grudgingly respected by Wall Street. “He’s not really interfered with their income.”

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