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Congratulations to our presumptive Democratic nominee, Joe Biden!
Democratic Primaries
In reply to the discussion: WALL STREET Dem donors: "We'll sit out or back Trump if you nominate WARREN." [View all]Gothmog
(145,079 posts)33. The Wall Streeters who actually like Elizabeth Warren
Link to tweet
But not everyone on Wall Street hates her. In fact, there are plenty of people who believe the idea of Warren in the White House sounds pretty good. And its not a grudging acceptance of her worldview but instead genuine support for it.
Some in the industry believe that the excesses of the financial system continue to be a problem in the wake of the Great Recession and that corporate concentration, wealth inequality, and lax regulation are still issues that need addressing. Do they think shes 100 percent right on everything? No. But they know shes smart, and they think shes approaching policy with a scalpel, not a sledgehammer. They believe Warren when she says she is a capitalist and are on board with her brand of capitalism.
A place like mine chooses winners economically, said a Goldman Sachs vice president. Is that right? It doesnt seem like that is right.
I spoke with more than three dozen people from across the financial sector professionals who work at hedge funds, big banks, and private equity funds, in asset management, financial advice, investment banking, trading, research, and compliance who support Warrens presidential bid. They know if she lands in the White House that may make their jobs a bit different, their companies a little less lucrative, or mean theyll pay more in taxes. And they think thats great. They support Warren because of her policies, not in spite of them.
Some in the industry believe that the excesses of the financial system continue to be a problem in the wake of the Great Recession and that corporate concentration, wealth inequality, and lax regulation are still issues that need addressing. Do they think shes 100 percent right on everything? No. But they know shes smart, and they think shes approaching policy with a scalpel, not a sledgehammer. They believe Warren when she says she is a capitalist and are on board with her brand of capitalism.
A place like mine chooses winners economically, said a Goldman Sachs vice president. Is that right? It doesnt seem like that is right.
I spoke with more than three dozen people from across the financial sector professionals who work at hedge funds, big banks, and private equity funds, in asset management, financial advice, investment banking, trading, research, and compliance who support Warrens presidential bid. They know if she lands in the White House that may make their jobs a bit different, their companies a little less lucrative, or mean theyll pay more in taxes. And they think thats great. They support Warren because of her policies, not in spite of them.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
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WALL STREET Dem donors: "We'll sit out or back Trump if you nominate WARREN." [View all]
Kid Berwyn
Sep 2019
OP