When contemplating the “inevitability threshold” we anticipated last year the Wall Street power brokers would switch to supporting Hillary Clinton if Donald Trump became inevitable.
[…] The Tripwire we identified back in July 2015 remains today. If Wall Street (writ large) views Donald Trump as inevitable, they will re-evaluate –QUICKLY– the opposite side of their controllable coin. Meaning they will evaluate Hillary Clinton.
Wall Street (The U.S. CoC, Tom Donohue, and all varied interests, DNC/RNC et al) set this up as a win/win. A Clinton/Bush strategy. If Trump is believed to be inevitable in victory over Bush, they need to re-evaluate the Clinton side STAT.
Today that outcome begins:
(Via The Observer) Renaissance Technologies, a hedge fund founded by billionaire James Simons, donated over $13 million to Sen. Ted Cruz’s failed presidential campaign. For a guy who’s supposed to be pretty smart with his money, the ROI on that one has got to sting.
Nevertheless, now that Mr. Cruz is out of the race, Mr. Simons has begun pouring millions of dollars into Hillary Clinton‘s campaign, with Renaissance Technologies donating over $2 million to Ms. Clinton so far this election cycle. Euclidean Capital—also owned by Mr. Simons—has given the Clinton campaign over $7 million in contributions, and such figures are likely to increase as Ms. Clinton slowly transitions her attention from Democratic Primary opponent Bernie Sanders to the presumptive Republican presidential nominee, Donald Trump.
Mr. Simons isn’t the only wealthy donor making the move. A number of deep-pocketed elite have given up trying to buy off Republican politicians in order to support Ms. Clinton—the only establishment-friendly candidate of either party remaining in the race. In response, the Clinton campaign has assembled a group dubbed “Republicans for Hillary” to reach wealthy GOP donors.
Ms Clinton not only shares over 60 of the same donors with the former Republican candidate Jeb Bush but is also making new efforts to court additional Bush family donors, according to a recent Politico report. (read more)
