'Warren scares the hell out of me' - Bloomberg's money manager.

[denem]

Last edited Thu Feb 13, 2020, 03:26 PM - Edit history (1)

November 04, 2019

As Warren Gains in Race, Wall Street Sounds the Alarm

... (Wall Street) is more or less united against Ms. Warren. With just months before the first voting begins, it is unleashing a barrage of public attacks, donating money to her rivals and scrambling to counter her blistering narrative about Wall Street.

“Everyone is nervous,” said Steven Rattner, a prominent Democratic donor who manages the wealth of Michael R. Bloomberg, the former New York City mayor. “What scares the hell out of me is the way she would fundamentally change our free-enterprise system.”

https://www.nytimes.com/2019/11/04/us/politics/elizabeth-warren-wall-street.html


17 days later, Micheal Bloomberg announced his candidacy for president.

[guillaumeb]

1. The title explains it all.

And these attack ads, like the attack adds directed at MFA, are designed to protect the financial interests of the 1% over the interests of the 99%.

[denem]

2. Warren would make Private Equity Funds liable for the Pension Fund Obligations of their targets.

Can't have that!

[guillaumeb]

3. Eddie Lambert would not like that.

Nor would Mitt Romney.

These vulture capitalists target businesses and strip out the assets as they shed employees. It is happening right now in the newspaper industry, and in many other places. Often, these PEFs set up a shell company after they strip out the assets, leaving the liabilities with the shell companies, and ultimately, with the PBGB.

[denem]

6. 'We're your friends'

[guillaumeb]

7. Indeed.

In my view, misogyny is a large part of why Warren is not doing well, but a huge part is her well known philosophy that capitalism must be strictly regulated to protect the 99% from the 1% of sociopathic billionaires. Thus the well funded attacks on her positions.

[denem]

9. As the article said, Wall Street pulled out all the stops against her,

and Buttigieg led the charge.

[guillaumeb]

10. Wall Street sees some of the candidates as more acceptable.

And I will leave it at that.

[abqtommy]

4. If fear is a necessity, better to see it in you than in me.

[Hermit-The-Prog]

5. Senator Warren understands the rigging of the economy since Reagan.

[Rider3]

8. Good

Because they're afraid that they'll lose their bajillion dollars. My God the greed is strong.

[JaneQPublic]

11. Rattner, besides being Bloomberg's money manager, is a longtime DLC-type Dem.

He lands on the ideological spectrum to the right of Bill Clinton and possibly Joe Lieberman, as well.

So, of course he and his billionaire friends don't cotton to Elizabeth Warren.

The funny thing is that, as much time as he spends on Morning Joe ragging on Warren, he rarely does the same about Sanders.

I wonder why that is.

[denem]

12. Warren's Private Equity Plan - Makes raiders liable for Pension Fund Obligations

- would 'threaten the entire industry'.

[Fresh_Start]

13. Liz is the biggest threat to Wall Street - hands down

so if you want wall street contained..she is really the only candidate to support

I regretfully moved away from her because she couldn't get out from Bernie's shadow

[denem]

14. I'm not a single issue voter

but I want a woman president. If Amy can build on NH momentum, I'm all in. Pete, for all his talents has never had to deal with the poisonous nest of vipers that likes to call itself the United States Congress.

"she couldn't get out from Bernie's shadow". Elizabeth should have distanced herself from Sanders earlier than she did.

There is remarkable symmetry between Amy & Elizabeth's results. IA should have been Klobuchar's best state - she came 5th, Warren 3rd. Come NH, the results were reversed. Warren came 4th, but given the resources she devoted to NH, it was as good as 5th.