Just a reminder: Wall Street still hates the Obama administration

Along the gilded corridors of Manhattan’s largest banks, hedge funds and private equity firms and inside Washington’s financial lobby shops, Obama and the rest of his administration are regarded with a disdain so thick it often blurs to naked loathing, a fact that has significant implications for the president’s reelection campaign and his ability to operate over the next two years.

In an effort to understand such animus POLITICO interviewed a dozen senior Wall Street denizens, including C-suite executives, investment bankers, traders and financial lobbyists, who were promised anonymity in return.

Their complaints fell along similar lines: Obama and the White House don’t understand how capital markets work, don’t like people who make a lot of money and relish using Wall Street as a whipping boy to score points with the left.

“He whipped everyone into a frenzy against us,” said one banker.

“It’s a bunch of academic lefties down there,” said another.

“You say something to them and it just goes into a black hole,” said a lobbyist.