[Hot Air] Could it be true? Are the barons of Wall Street closing their fat cat wallets for Democrats in protest of the rise of Elizabeth Warren in the polls? That’s supposedly the case according to CNBC, and they’ve delivered a message to Senate Minority Leader Chuck Schumer. Back off from Warren or find someone else to fund the rest of your Senate races.
Some finance executives have recently told Senate Minority Leader Chuck Schumer that they are, for the moment, holding back from donating to Democrats running for Senate in 2020 due to their concerns with Warren becoming a frontrunner in the race for the party’s presidential nomination, according to people familiar with the conversations. These people spoke on the condition of anonymity due to the private nature of the talks.
The move is intended to put pressure on party leadership and Schumer, who represents New York and has received millions of dollars in donations from Wall Street, to distance themselves from Warren’s economic populism.
On the one hand, this puts pressure on Schumer (assuming this anonymously sourced report is valid) because he’s supposed to be helping to find funding for Democratic Senate candidates in battleground states. And while most Democrats love to talk about how evil the rich bankers are, pretty much all of them are happy to quietly take their money. (And presumably, remember those favors when it comes time to vote on regulations.) |