Wall Street Donates to Democrats in a Blue Wave Hedge

Wall Street is increasingly backing Democrats, anticipating their gains in Congress. This shift is driven by a desire to align with potential power holders and influence financial policy. Key targets include firms like Wells Fargo and Equifax, which may face investigations. Deutsche Bank is also under scrutiny, particularly by Maxine Waters. The support spans economic, financial, and social issues, with a focus on moderate Democrats who can buffer against progressive policies.

What role do corporations and PACs play in shaping financial policy according to the text?

In what ways are moderate Democrats viewed by Wall Street in the context of financial policy?