Wall Street, hedge fund billionaires warming up to Donald Trump


Donald Trump has hit a bit of a rough patch politically, so it's good news for him that as leaders in his own Republican Party are keeping him at arm's length, a powerful group that was once antagonistic toward Trump seems to be coming around to his side. Next Tuesday, Trump and the Republican National Committee are holding a joint $50,000-per-plate fundraising dinner in New York City, with hosts paying $250,000, according to an invitation seen by The New York Times. Attending, The Times says, will be "a who’s who of the financial world," including hedge fund billionaires and real estate magnates.
Anthony Scaramucci, a hedge fund executive, tells The Times that he expects 50 or 60 people to attend the dinner, and that Wall Street's resistance to Trump seems to be fading. When it comes to backing Trump, "there are a lot of people saying 'maybe' and 'I'm considering it,'" he said. Trump has previously said that hedge fund managers "get away with murder" by paying themselves so much, and proposed scrapping the carried-interest loophole that allows them to pay much lower taxes. You can read about some of the rich and secretive attending next week's Trump fundraiser at The New York Times.
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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
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