Wall Street Donors May Boycott 2024 Election Over Dissatisfaction With Trump And DeSantis

Major Wall Street donors are ready to be done with Donald Trump, but they don't like the prospect of Ron DeSantis, either. A new report suggests that many (according to Wall Streeters themselves) are simply planning to sit this election out because there are no good options on the Right. The bigger issue is that these Republican donors put the Party on the path that it is currently on, and they don't get to pretend like they didn't cause this mess, as Ring of Fire's Farron Cousins explains.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

According to a new report from Politico, more and more Wall Street bankers might be sitting out the 2024 election. Politico recently had the opportunity to talk to some bankers up on Wall Street, and they all basically told the same story. The story goes like this, we despise Donald Trump, and by God, we are ready for the Republican party to move on from Donald Trump. But that other guy running on the Republican side, he is weak sauce. And that other guy, of course, is Ron DeSantis. So these big Republican donors on Wall Street are looking at it like, well, we hate Trump and he's not gonna win, but then we're left with DeSantis and this guy is even worse and he's not gonna win again. Doesn't matter what the polls tell us right now, these big money people who have been major players in politics for decades, they know losers when they see 'em, and that's what they see with these guys.

So that's important to keep in mind. So the Wall Street bankers are saying, screw it. I'm just gonna keep my money. I, I technically don't have to give any to anybody, so I'm just gonna keep it from me. Let me read you a couple quotes here. This is from one executive at a New York Bank. Of course, they all spoke on the condition of anonymity, said DeSantis is certainly a better option than Trump at this point, but he's a really weak option. What we probably wind up with is a choice between a guy who is very old and wants to raise our taxes and reregulate everything. And a guy who could be running from prison.

I love how they always like give up the game right there. It's like, we don't want to pay taxes, we don't wanna have to be regulated. Even though as we're watching more and more banks fail because of deregulation after the last banking crisis we had, like, we just want to be able to make money and not have government looking over our shoulders when we do criminal things and, you know, make risky investments and we don't wanna pay more in taxes. So we're willing to go with the guy who might be running from prison. That's a hell of a statement. Kind of lets you know the mindset of those idiots on Wall Street. Another one said this, we know everyone hates us and that nobody running for president wants to be seen as the Wall Street candidate. So you'll probably see a lot of people just sitting this one out. Well, at least you have a little bit of self-awareness, right? They're looking at this situation like, look, everybody hates us anyway. I mean, look, we're a bunch of scumbag up here on Wall Street anyway, just because we're not running around and, you know, ski mask with pistols in our hands doesn't mean we're not crooks. We just dress a hell of a lot nicer as Mike Papa Andto loves to say. And they know that. The public knows that now. So they're like, listen, we'll just keep our money. We won't do anything. We won't

Say anything. I'm gonna call BS on this. I think when it comes down to it, once we get through the primaries, you'll see more and more say, well, yeah, Trump's a horrible human being, but do you really want to pay a couple dollars more per year in taxes? No, you don't. So give money to the horrible guy so that we don't have to pay more in taxes. That's what's gonna happen probably about a year from now with all these Wall Street bankers. Oh, we don't wanna Trump, uh, touch Trump today. Sure. But let's hear what you have to say 12 months from now and see if it matches up to what you're saying today.