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Calista241

(5,584 posts)
Mon Jun 20, 2016, 03:33 PM Jun 2016

Wall Street donors seek to block Warren VP pick

Source: Politico

Big Wall Street donors have a message for Hillary Clinton: Keep Elizabeth Warren off the ticket or risk losing millions of dollars in contributions.

In a dozen interviews, major Democratic donors in the financial services industry said they saw little chance that Clinton would pick the liberal firebrand as her vice presidential nominee. These donors despise Warren’s attacks on the financial industry. But they also think her selection would be damaging to the economy. And they warned that if Clinton surprises them and taps Warren, big donations from the industry could vanish.

“If Clinton picked Warren, her whole base on Wall Street would leave her,” said one top Democratic donor who has helped raise millions for Clinton. “They would literally just say, ‘We have no qualms with you moving left, we understand all the things you’ve had to do because of Bernie Sanders, but if you are going there with Warren, we just can’t trust you, you’ve killed it.’”

Most big donors don’t want Warren on the ticket because she is the most accomplished anti-Wall Street populist in the Democratic Party. But many also think her presence would drive a potential Clinton administration too far to the left, poison relations with the private sector from the start and ultimately be damaging to the economy



Read more: http://www.politico.com/story/2016/06/elizabeth-warren-wall-street-vice-president-224489

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Wall Street donors seek to block Warren VP pick (Original Post) Calista241 Jun 2016 OP
Not entirely sure why skepticscott Jun 2016 #1
Me either. ananda Jun 2016 #4
I've seen no solid evidence suggesting Warren was being considered groundloop Jun 2016 #2
Some progressives want to block her, too! longship Jun 2016 #3
Especially since the first 100 days are so important. Calista241 Jun 2016 #7
Regardless, we need her in the US Senate, not as VEEP. longship Jun 2016 #9
Careful what you wish for. iandhr Jun 2016 #5
Go ahead Wall Street penndragon69 Jun 2016 #6
I don't believe for a moment that Clinton was ever considering Warren. Gimme a break. Gene Debs Jun 2016 #8
Sounds like Hillary Lazy Daisy Jun 2016 #10
I think she'd be more influential as a senator than VP IronLionZion Jun 2016 #11
"her selection would be damaging to the economy" scottie55 Jun 2016 #12
Assuming they are thinking of succession Fresh_Start Jun 2016 #13
VP is almost entirely ceremonial, chapdrum Jun 2016 #14
Dump Wall Street and let the people support you! onecaliberal Jun 2016 #15
Now there's a novel idea! chapdrum Jun 2016 #16
Right! onecaliberal Jun 2016 #17
No mystery how to do it.... fpublic Jun 2016 #18
It would go a very LONG way. onecaliberal Jun 2016 #19
 

skepticscott

(13,029 posts)
1. Not entirely sure why
Mon Jun 20, 2016, 03:37 PM
Jun 2016

It is by no means a given that Warren would be more of an impediment to them as VP than in the Senate, especially if the Democrats retake it.

groundloop

(11,486 posts)
2. I've seen no solid evidence suggesting Warren was being considered
Mon Jun 20, 2016, 03:40 PM
Jun 2016

Besides, IMO Elizabeth Warren will do more good fighting Wall Street if she remains in the Senate.

longship

(40,416 posts)
3. Some progressives want to block her, too!
Mon Jun 20, 2016, 03:41 PM
Jun 2016

We need Elizabeth Warren in the US Senate where she can do some actual good. Holding the floor. Voting!

May I remind you all that the US Senator she replaced was a Republican and the current MA governor is also a Republican.

So only a mad person would want her to vacate her senate seat.

Calista241

(5,584 posts)
7. Especially since the first 100 days are so important.
Mon Jun 20, 2016, 03:46 PM
Jun 2016

And there's no way to hold a new election within 100 days to bar the Republican replacement.

iandhr

(6,852 posts)
5. Careful what you wish for.
Mon Jun 20, 2016, 03:45 PM
Jun 2016

They blocked her when she was appointed to lead the CFPB and now she is on the Senate Banking committee.


She is currently the ranking minority member on the Economic Policy Subcommittee.

http://www.banking.senate.gov/public/index.cfm/economic-policy

If we take back the Senate she becomes the chair.

 

penndragon69

(788 posts)
6. Go ahead Wall Street
Mon Jun 20, 2016, 03:46 PM
Jun 2016

And shoot yourself in the foot !
Warren is a bigger danger to your corrupt
business practices as a Senator (with power)
than she ever would be as V.P.

Exit Warren, Enter Sanders !

Well at least i could stomach voting
for Clinton with Sanders running interference
from the next office !

 

Lazy Daisy

(928 posts)
10. Sounds like Hillary
Mon Jun 20, 2016, 03:50 PM
Jun 2016

has made her decision and Warren has accepted. This Wall St. threat will give credibility to Hillary.

IronLionZion

(45,250 posts)
11. I think she'd be more influential as a senator than VP
Mon Jun 20, 2016, 03:52 PM
Jun 2016

It would be great to have her in either position, but I kind of also want to see a person of color as VP, like a latino.

 

scottie55

(1,400 posts)
12. "her selection would be damaging to the economy"
Mon Jun 20, 2016, 04:00 PM
Jun 2016

Damaging to how well the 1% continues to extract from the powerless you mean?

fpublic

(58 posts)
18. No mystery how to do it....
Tue Jun 21, 2016, 06:37 PM
Jun 2016

Bernie Sanders showed how to raise record amounts of money by eschewing (actually, thumbing his nose and condemning) Wall Street.

Hillary has the opportunity for a double win: choose a progressive courageous VP (Warren, Tulsie Gabbard or other) AND harvest the enthusiastic financial support from millions of small donors who would have her back if she had the courage to stand up to Wall Street.

A big ask, I know, for a party so tied to big money.

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