Presidential candidate Ted Cruz, a Tea Party favorite and leading figure in the 2013 government shutdown that rattled investors, isn’t the kind of politician who usually wins a lot of friends among Wall Street campaign donors.
The freshman Republican senator from Texas has none of the moderate tendencies that financiers often prefer in presidential candidates. Cruz relishes his image as an anti-establishment figure and boasts of his aversion to compromise. He has vowed to abolish the Internal Revenue Service and repeal President Barack Obama’s signature healthcare plan, commonly known as Obamacare.
Despite the uncompromising rhetoric, Cruz is winning praise from some potential Wall Street donors, including bankers and hedge fund managers, who told Reuters there is more to him than the conservative firebrand of the campaign trail. He has been courting financiers in their homes in New York and Greenwich, Connecticut, they said....
(Excerpt) Read more at reuters.com ...
