Donors on Wall Street are warning Hillary Clinton not to pick Elizabeth Warren as her running mate. According to Ben White, writing in Politico:
If Clinton chooses the Massachusetts senator as her running mate, donations will dry up, fundraisers warn.
See Wall Street donors seek to block Warren VP pick in Politico.
He also notes:
Picking Warren would be risky for Clinton’s fundraising operation. The presumptive Democratic nominee hopes to raise $1.5 billion for her campaign against Trump, and Wall Street has been a big source of funding for her over the years.
It doesn’t appear Clinton needs $1.5 billion to run against Trump. Given his recent performance, she needs more like $1.5 million (with an M).
Warren is very effective communicating to voters how much power has gone to the financial services industry and how it’s hurting the Americans. We can expect opposition to her from these people because It hurts their business.
“It’s very clear that Wall Street guys don’t like her because she has been a lot more effective than most in communicating an anti-Wall Street message that has been part of the Democratic Party for 80 years, since the 1930s,” said Charles Geisst, a Wall Street historian at Manhattan College.
The big problem Wall Street has with Warren, though, isn’t that she’s been an effective campaigner for reform, but rather that she won’t toe the line. And, Wall Street insiders think Clinton doesn’t need Warren to get Sanders’s voters:
“There will be plenty of time to galvanize the left and get them to come out. And Warren would be a nightmare to try and manage.”
This according to one senior executive at a Wall Street bank said to be close to Clinton.
And that’s the real rub, according to Cenk Uygur on The Young Turks:
See, they manage all the candidates, and they tell them what to do. But, uh, Elizabeth Warren! She’s an actual progressive. She’d be a nightmare to manage!
Yeah. That’s kind of what I had in mind. I’d rather have my candidate managing Wall Street, not the other way around.