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Sat Oct 17, 2020, 11:38 AM

Wall Street donors line up behind Biden in massive third-quarter fundraising haul

CNBC

Joe Bidenís joint fundraising committees benefited from big money contributions from finance leaders on Wall Street and across the country during the third quarter.

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Tim Geithner, former Treasury secretary under President Barack Obama and current president of private equity firm Warburg Pincus, contributed $150,000 to the Biden Action Fund in August. Antonio Gracias, founder of Valor Equity Partners, and Jonathan Shulkin, a partner at the same firm, each shelled out more than $300,000 that same month to the committee.

John Doerr, chairman of venture capital firm Kleiner Perkins, gave over $355,000 to the Biden Action Fund last quarter. Stephen Mandel, founder of Connecticut-based hedge fund Lone Pine Capital, contributed more than $310,000. Pete Muller, founder of investment manager PDT Partners, gave the committee $360,000. Jonathan Soros, an investor and son of billionaire George Soros, gave just under $145,000.

Biden Action also saw large contributions from leaders at Blackstone, JPMorgan Chase, The Carlyle Group and Kohlberg Kravis & Roberts, among other firms. The Biden Action Fund raised more than $4 million from those in the finance industry in the third quarter of 2020. The fund raised over $30 million overall last quarter.

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Reply Wall Street donors line up behind Biden in massive third-quarter fundraising haul (Original post)
brooklynite Oct 17 OP
Renew Deal Oct 17 #1
still_one Oct 17 #2

Response to brooklynite (Original post)

Sat Oct 17, 2020, 11:54 AM

1. This is a positive indicator for Biden's chances.

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Response to brooklynite (Original post)

Sat Oct 17, 2020, 12:05 PM

2. With the instability that trump has introduced in the financial markets, this is no surprise

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