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Democratic Primaries
Showing Original Post only (View all)Democrats Cozy Up to Wall Street While Shunning Corporate Cash [View all]
Big donors working in finance say candidatesexcept Sanders and Warrenare dropping by for lunch and money.
In February, Pete Buttigieg stepped into the Manhattan office of Wall Street veteran Charles Myers to talk politics over deli sandwiches. Citigroup Inc. Managing Director Yann Coatanlem hosted a fundraiser in March for Kamala Harris at his Fifth Avenue apartment, where she shook the paw of the bankers labradoodle. Three days later, former Goldman Sachs Group Inc. partner Bruce Heyman raised more than $100,000 for Amy Klobuchar at his home in Chicago. Hes planning an event for Joe Biden this fall.
The mayor of South Bend, Ind., the senators from California and Minnesota, and the ex-vice president are among the Democratic presidential candidates disavowing corporate cash, lobbyist checks, or the super PAC system. Theyre trying to outdo each other with promises to finance their campaigns with grassroots contributions.
But while they play down the role of money and influence, longtime Wall Street donors who have both say little has changed. Ive talked to about half of them, and I have not run into a single one who said, Hey, you worked at Goldman Sachs, I cant take your money, says Heyman, who helped elect Barack Obama by collecting checks from Wall Street has long been a deep well from which presidential candidates draw hundreds of millions of dollars for advertising, travel, and staff. As the presidential race gears up, almost the entire Democratic field is hitting up the industrys donors, according to money manager Marc Lasry, who says hes already met with about 10 Democrats. At the end of the day, candidates need money, says Lasry,
There is one notable difference. In the past, there was no candidate who didnt come to New York, Chicago, L.A. for money, says Lasry. Today, there are two candidates who arent doing thatElizabeth Warren and Bernie Sanders. Few bankers would want to promote those senators anyhow. This month, Vermonts Sanders proposed capping credit card interest rates, calling banks modern-day loan Warren, from Massachusetts, has pitched a tax on family assets above $50 million to wipe out student debt. She wants to jail executives whose companies negligence causes harm, citing bank bosses and the financial crisis.
https://www.bloomberg.com/news/articles/2019-05-21/democrats-cozy-up-to-wall-street-while-shunning-corporate-cash
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primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
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"Except Sanders & Warren"...just 1 of MANY reasons they're atop my Top-10 List of primary candidates
InAbLuEsTaTe
May 2019
#3
Looks like there are only 2 without this black mark and it's an important one.
pdsimdars
May 2019
#5
Those two continually distinguish themselves on SO many levels, this being only ONE of them!!
InAbLuEsTaTe
May 2019
#7
Yes it is illegal. It's also illegal for sitting legislators to receive speaking fees, but...
George II
May 2019
#17
So if the venue or org can't pay the legislator, they can "give free books" to attendees instead?
NurseJackie
May 2019
#25
So, when the "best seller" status is artificially raised... it results in more sales?
NurseJackie
May 2019
#37
Back in the 1970s and 1980s I traveled frequently for work (at least once every two weeks)....
George II
May 2019
#39
Remember when Karl Rove's SuperPAC bought ads to support Obama in Iowa & Nevada primaries?
ehrnst
May 2019
#10
Obama "Put many people from Goldman in his government?" Do you watch FoxNews a lot?
ehrnst
May 2019
#16
That is blatantly false, please edit or delete this smear of President Obama. Thank you.
George II
May 2019
#20
isn't wall street just a collection of corporations fronted by money'd interests? nt
Javaman
May 2019
#6
At least one is happy to benefit from GOP corporate dark money superpac media spending
ehrnst
May 2019
#28
Corporations can't donate directly to candidates and individuals can only donate $2,500 per year.
ucrdem
May 2019
#12
Not sure, but I believe the second $2800 can't be received until a candidate becomes the nominee..
George II
May 2019
#62
I know, but the money either has to be separated or not solicited until a person is a GE candidate.
George II
May 2019
#66
Oh no!! We all know no one here EVER posts the same thing that has been posted before.
Autumn
May 2019
#19
I only bet on horses on the weekends, but we do have a $2 ticket on tonight's huge powerball drawing
George II
May 2019
#36
It's an article from a legitimate news site. If you don't like the article content or the site
Autumn
May 2019
#50
You're right. Max Abelson is biased, very biased. Click on a link and you see all his
Autumn
May 2019
#64
At least one is happy to benefit from GOP corporate dark money superpac media spending
ehrnst
May 2019
#34
It's no secret that we live in a plutocracy. one candidate has a plan for that. 👇
Kurt V.
May 2019
#46
As long as none of our candidates are getting foreign money, I don't care who donates to them
leftofcool
May 2019
#49
I heard that Joe, Pete and kamala got money from some artists last week..........
leftofcool
May 2019
#57
Do articles about Wall Street and one article linked about Hillary from 2016 really prove he's a
Autumn
May 2019
#63
"I've gone back to 2011 and haven't found any pieces he wrote about Bernie Sanders.....
George II
May 2019
#70