Now that the finance reg act has been passed, donations from that quarter have dried up anyway. If he wants to fund his re-election, he has to look elsewhere. Index of Frank's Diaries
he tried hard to avoid the appearance of being too financially dependent on them too by organising his own campaign financing org.
His hedge fund backers were crucial early and he went to great lengths to advertise his small donor fundraising to divert attention from the continuing, larger contributions from Wall Street. I think you are buying into his PR to an extent. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
Nevertheless Politicians stop doing the bidding of early backers all the time - perhaps as an incumbent, Obama now feels he is not as dependent on them. He certainly won't get their support next time around - so Geithner should be worried as well. Interesting to see whether Elizabeth Warren gets the big job Index of Frank's Diaries
