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Farallon’s Steyer Says Obama Supports Financial Industry

Thomas Steyer, founder of Farallon Capital Management LLC in San Francisco, said U.S. President Barack Obama has been supportive of the financial industry even as his rhetoric toward Wall Street is “harsh.”

“Obama has got some of his messaging wrong but it is a political campaign,” Steyer said today in a Bloomberg Television interview with Deirdre Bolton. “He didn’t break up the banks, which some people thought was a good idea, he pushed financial regulation that everyone thought there had to be. By and large, he has been supportive of the financial community.”

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