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Teabonics Sign of the Day: Obama is a Shoe

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NJDhockeyfan5/14/2010 10:25:31 am PDT

Wall Street bigs $kip O’s glitzy Apple gala

Wall Street bigs snubbed President Obama last night at a big-bucks campaign fund-raiser at The St. Regis hotel in Midtown.

The gala — where tickets went for as much as $50,000 a couple and whose proceeds were going to Democratic candidates — featured stars such as Sarah Jessica Parker and Democratic Party regulars but few, if any, executives from the city’s leading financial institutions.

That was no accident, according to Democrats on Capitol Hill and Wall Street sources who say those in the financial industry are tired of being the punching bag for Obama and Democrats crafting legislation to tightly regulate them.

“They may support individuals, but not the party,” one House Democratic lawmaker said.

“I think there’s been some pushback from the [financial] community.”

Other Democrats said that, indeed, Wall Street money has dried up for the party, and an official from one of the major investment firms confirmed that its people were staying away from The St. Regis.

“We won’t be attending,” the official said.

While the event drew executives from a number of private-equity firms, leaders from big outfits like Goldman Sachs, Citigroup, Deutsche Bank and JP Morgan were nowhere to be found.