Bowles’s school ties

J.P. Morgan Chase, along with the rest of Wall Street, is taking a shellacking in Washington these days.

J.P. Morgan Chase, along with the rest of Wall Street, is taking a shellacking in Washington these days. But CEO Bill Harrison is still cheering on one politician: Erskine Bowles, Democratic candidate for senator in North Carolina and Harrison’s former roommate at prep school and at the University of North Carolina. On November 5 Bowles, an exMorgan Stanley banker and chief of staff in the first Clinton White House, squares off against high-powered Republican nominee Liddy Dole, a former Transportation and Labor secretary, in one of the most watched, and most expensive, races in the tight midterm congressional elections. Pundits say the Democrat will have a hard time overcoming the high visibility of Dole, whose husband, Bob, was the GOP presidential candidate in 1996, but some smart Wall Street money is still on Bowles. “He clearly has been the underdog but has been gaining ground and looks to be running a strong campaign,” says Harrison, a self-described moderate Republican.

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