Wall Street is having trouble finding a horse in the 2020 Democratic race, since Carey Booker, Kirsten Gillibrand and Amy Klobuchar are all having very unspectacular initial responses to their campaigns.
So far the money seems to be pointing toward moderates like Joe Biden or Kamala Harris, with Beto O’Rourke on their radars, since he is charismatic and centrist and Pete Buttigieg, an interesting but much lesser-known centrist in the race.
On the other hand, for those of us who consider Wall Street’s endorsement the opposite of what the Democrats need, both Bernie Sanders and Elizabeth Warren are feared by Wall Street—although, Warren is considered more competent and less crazy.
According to a very extensive and interesting article in New York Magazine, excerpted today in Politicalwire.com, “Nearly everyone else in the field, the financiers felt, was being pulled leftward by Bernie Sanders (the preposterously well-funded contender they considered too crazy to even imagine in the White House) and Elizabeth Warren (less crazy, Democrats on Wall Street think, and way more competent). “She would torture them,” one banker told me. “Warren strikes fear in their hearts,” explained a New York executive...”
It’s a very good and interesting read….which also points out that many Wall Streeters, noses-plugged, may be opting for Trump, because of his pro-Wall Street, if incompetent, policies.