Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWall Street freaks out about 2020
Many of the nations top bankers want Trump gone, but theyre growing anxious about some Democratic presidential contenders.
By BEN WHITE 01/28/2019 05:01 AM EST
NEW YORK Top Wall Street executives would love to be rid of President Donald Trump. But they are getting panicked about the prospect of an ultraliberal Democratic nominee bent on raising taxes and slapping regulations on their firms.
The result is a kind of nervous paralysis of executives pining for a centrist nominee like Michael Bloomberg while realizing such an outcome is unlikely from a party veering sharply to the left.
Early support from deep-pocketed financial executives could give Democrats seeking to break out of the pack an important fundraising boost. But any association with bankers also opens presidential hopefuls to sharp attacks from an ascendant left.
And its left senior executives on Wall Street flailing over what to do.
Im a socially liberal, fiscally conservative centrist who would love to vote for a rational Democrat and get Trump out of the White House, said the CEO of one of the nations largest banks, who, like a dozen other executives interviewed for this story, declined to be identified by name for fear of angering a volatile president. Personally, Id love to see Bloomberg run and get the nomination. Ive just never thought he could get the nomination the way the primary process works.
more
https://www.politico.com/story/2019/01/28/wall-street-2020-economy-taxes-1118065
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 940 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (3)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Wall Street freaks out about 2020 (Original Post)
DonViejo
Jan 2019
OP
HopeAgain
(4,407 posts)1. Good! eom
Proud Liberal Dem
(24,460 posts)2. ................