Private Documents Reveal What Wall Street Really Thinks About Elizabeth Warren

[alwaysinasnit]

https://www.motherjones.com/politics/2020/01/barclays-elizabeth-warren-wealth-tax-student-debt/

A major bank that Elizabeth Warren once sharply criticized has some stark warnings for Wall Street investors about her potential presidency. Warren’s corporate tax plan, according to one memo the bank circulated, would “directly impact corporate earnings.” Her nine-point eligibility test for international trading partners—which requires a commitment to protect religious freedom and labor rights—“would disrupt global supply chains.” And her proposed 2 percent tax on personal wealth greater than $50 million “would likely crimp investment in the economy.”

Those are some of the conclusions reached by the research arm of Barclays, a powerful London-based bank and financial services firm. The series of five reports, titled “#DemNomination2020,” is intended to provide insights on “market-moving policies from this nomination cycle,” according to one of the documents. The reports systematically dissect Warren’s plans—at the time of publication, the researchers counted nearly 50—through the lens of the US credit, municipal, and equity markets, and they include a close evaluation of how much Warren could achieve without Congress’ help. Barclays prepared the reports in October and November for its paying clients—institutional investors such as commercial banks, hedge funds, and insurance companies.

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short article, nothing more at link

[Kaiserguy]

1. In other words

Don't mess with there greed and don't ask them to become good corporate citizens.

[ancianita]

2. Exactly. THEIR global supply chains aren't OUR global supply chains.

[Hoyt]

3. Someone needs to write about her "Economic Patriotism" which is designed to treat poor

foreign workers like scabs and reduce their country's opportunity for investment and progress.

Increasing taxes should not be an issue, but intentionally hurting poor foreign workers is just wrong.

Same applies to Sanders.