Buffett: Wall St refusing to fund Obama election campaign

Wall Street bankers who feel they have been singled out to blame for the financial crisis are refusing to fund President Barack Obama's next election campaign, Warren Buffett has said.

According to the Telegraph, the billionaire investor and Democrat has said a wave of rhetoric and legislation - including the so-called Buffett tax which targets those earning more than $1m a year - has irked bankers. They are now withholding funds from Obama's election campaign as they feel unloved, Buffett said. "Wall Street certainly doesn't feel loved," he said. "I think there was some rhetoric that contributed to that." Mr Buffett, a staunch backer of the president, said Obama's policies had helped banks recover from the recession - even though financiers think he has not embr...