Obama Now a Hated Man On Wall Street - FOX Business

FOX Business News' Charles Gasparino is proclaiming that the Wall Street "love affair" with President Barack Obama is over, as the new regulations being proposed on the financial industry and the healthcare initiatives, has lead the CEOs of some of the biggest U.S. banks to express their disregard.

From calling the bankers on Wall Street "fat cats" to the plan to restrict certain kinds of lucrative trading, Obama has done little to endear himself with the CEOs since they backed him in the 2008 presidential campaign.

The CEOs that Gasparino cites has having fallen out of love with Obama include JPMorgan's (NYSE: JPM) Jamie Dimon, Llyod Blankfein of Goldman Sachs (NYSE: GS) and Larry Fink of BlackRock (NYSE: BLK). All of which are Democrats, and Dimon was an advisor to Obama on economic matters.

The top executives have said that that if the relationship between Wall Street and the White House continue to strain, the president will likely not see the substantial levels of support from the banks that he saw during the 2008 election race.

"If the election was held today, Obama would lose the senior Wall Street executives who had considered themselves Liberal Democrats," said one Wall Street senior executive source that was unnamed in the story. "They thought they were voting for a moderate and now they think they've gotten something else."

According to Gasparino the president's chief of staff Rahm Emanuel has been working the phones, calling senior Wall Street executives in recent weeks to try and mend the relationships, which the White House is hoping could bring favor back to the Obama camp.

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