Wall Street Starts to Lean Democratic

After Years of Backing Republicans, High Finance Turns to Democrats in '08, according to ABC News (http://abcnews.go.com/Business/MarketTalk/story?id=3399837&page=1&Business=true) Hopefully, the trend continues and intensifies:

Wall Street — often thought of as a bastion of Republican ideals — is leaning toward Democrats these days. As campaign contributions pour in to the 2008 presidential race, employees at some of the nation's largest banks and investment firms are deciding more often than not to write out big checks to Democratic candidates.

Don't be mistaken — there are still plenty of Republican supporters on Wall Street. But, for the first time in more than a decade, Democratic donors outnumber those supporting Republicans.

For evidence of this shift, look no further than Morgan Stanley chief executive John Mack, a major backer of President Bush, who helped raise more than $200,000 for the president's last campaign. Mack now backs Clinton.