Wall Street Is Confused And Scared About 2020

[Uncle Joe]

If you wanted an easy way to narrow down the absurdly expansive field of Democratic candidates, you could do a lot worse than eliminating any candidate who isn’t hated and/or feared by Wall Street. It’s become clear that the only two who definitely make the cut are Bernie Sanders and Elizabeth Warren, and a new piece in New York confirms this.

(snip)

One banker told the magazine that Warren “would torture” bankers. Another said “if it’s Bernie versus Trump, I have no fucking idea what I’m going to do.” Another was livid that many candidates haven’t looked at big donors and said “What can I do to get this person?”—because what’s the point of having millions of dollars if you can’t use that wealth to extract policy promises from potential presidents?

(snip)

“This is like venture investing. You really don’t know who’s going to break out, but your hope is you have a good portfolio and that one of these investments breaks out,” Bruce Heyman, a former Goldman managing director and ambassador to Canada, told me.

You’re not supposed to admit that this is all an investment to you, dude! At least some of your colleagues pretend it’s about “character” in addition to the bottom line.

(snip)


https://splinternews.com/wall-street-is-confused-and-scared-about-2020-1834382138

[IronLionZion]

1. Good

Be confused and scared. Just like many normal people during the financial crisis who lost their homes and jobs for no good reason.

Idiots.

Democrats are better for the stock market and jobs. There is plenty of real data proving this over decades.

[hatrack]

3. Exactly - now they know how WE feel . . . .

In the immortal words of Bruce Willis, "Welcome to the party, pal!!"

[brewens]

2. The looting has to stop! I will not vote for or support anyone that does not make that clear. n/t

[Uncle Joe]

4. I totally agree with your first sentence brewens

and I will stick to your second sentence through the primaries, but in the G.E. I will vote for the Democratic nominee over Trump regardless.