Wall St. rebuffing Democrats?

In today's NY Times, David Kirkpatrick notes that JPMorgan/Chase, whose CEO is a close friend of Obama, has started shifting it's donations away from Democrats and towards the GOP:

If the Democratic Party has a stronghold on Wall Street, it is JPMorgan Chase.....

...But this year Chase’s political action committee is sending the Democrats a pointed message. While it has contributed to some individual Democrats and state organizations, it has rebuffed solicitations from the national Democratic House and Senate campaign committees. Instead, it gave $30,000 to their Republican counterparts.

Not-so-coincidentally, Minority Leader John Boehner (R-Ohio) acknowledged last week that he had privately pressed Dimon to contribute more to Republicans, especially as Democrats push for tighter financial regulations.

And the Republican push may be working. Kirkpatrick notes that it's not only JPMorgan/Chase that's re-evaluating its support for the party in power:

A spokesman for JPMorgan Chase declined to comment on its political action committee’s contributions or relations with the Democrats. But many Wall Street lobbyists and executives said they, too, were rethinking their giving.

“The expectation in Washington is that ‘We can kick you around, and you are still going to give us money,’ ” said a top official at a major Wall Street firm, speaking on the condition of anonymity for fear of alienating the White House. “We are not going to play that game anymore.”