Elizabeth Warren has another plan — this time to take on Wall Street and reshape the role of finance in the American economy. And Wall Street isn’t panicking as she climbs in the polls.
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That changed somewhat with Warren’s new proposal Thursday, in which she argued that the financial sector has grown too large as a share of the economy. But her proposal includes much of what Warren has already rallied around over the past decade — including rebuilding the Glass-Steagall division between investment and commercial banking and reinstating Obama-era rules on banks.
Warren is hardly seeking out Wall Street support. She raised $53,760 from people in the securities and investment industry in the first quarter of 2019, according to the Center for Responsive Politics.for the industry are being tabulated this week. Both she and Sanders have so far shunned big-ticket fundraisers and relied, successfully so far, on online donations.
“If she were the nominee, there will certainly be people who will say that Donald Trump represents everything that I’m against,” said Orin Kramer, a hedge fund manager who is raising money for Buttigieg. “And they will find stuff that they like about her and will vote for her.”bankers made a concerted push
The idea that bankers might not hate her as much anymore is not one that the Warren campaign embraces. Any expressions of support from the industry could be an incitement to Sanders supporters to suggest their candidate is the true progressive who would boldly bust up the nation’s largest banks.
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