Democrat presidential candidate Joe Biden is promising Wall Street donors the economic status quo that they became used to before President Donald Trump’s administration, according to a report.
An investment banker on Wall Street told the Washington Post that in private calls with financial executives two months ago, Biden’s campaign assured them that talk of populist reforms on the campaign trail was nothing more than talking points.
The Post reports:
When Joe Biden released economic recommendations two months ago, they included a few ideas that worried some powerful bankers: allowing banking at the post office, for example, and having the Federal Reserve guarantee all Americans a bank account.
But in private calls with Wall Street leaders, the Biden campaign made it clear those proposals would not be central to Biden’s agenda.
“They basically said, ‘Listen, this is just an exercise to keep the Warren people happy, and don’t read too much into it,’” said one investment banker, referring to liberal supporters of Sen. Elizabeth Warren (D-Mass.). The banker, who spoke on the condition of anonymity to describe private talks, said that message was conveyed on multiple calls.
Biden’s team quietly telling powerful interests like Wall Street not to worry about the more progressive aspects of his agenda.— Walker Bragman (@WalkerBragman) September 8, 2020
“They basically said, ‘Listen, this is just an exercise to keep the Warren people happy...” — investment banker cited in piece https://t.co/UyeccTwH3n
WAPO: Publicly, Biden promises a Wall Street crackdown. Privately, his camp is offering reassurance https://t.co/6qg1MfgRxh— Saagar Enjeti (@esaagar) September 8, 2020
Wall Street backs Biden.— Asterix (@waymac_007) September 8, 2020
World investors want stable, secure, mobster-free gov.
not Nazi-Al Capone regime offered by Trump.
Bankers, traders and investors: exhausted over Trump’s chaotic style of governance .https://t.co/PGazZ43cKMhttps://t.co/kNatQlgjk7https://t.co/WklHo4N8nt
Joe Biden seems to be rehabilitating Hillary Clinton for a high cabinet post. Gave her a prominent slot at the convention. Said in 2016 she was more qualified than him. Biden ignores Hillary’s Wall Street service and war mongering record responsible for the illegal Libyan War.— Ralph Nader (@RalphNader) September 8, 2020
After veteran finance executive Jeff Zients was named co-chair of Joe Biden’s transition team, the progressive Revolving Door Project is working the phone to get him removed bc "“Biden needs to hear from fewer wannabe Warren Buffetts" via @maxabelson https://t.co/mcix4SFl1W— Misyrlena Egkolfopoulou (@misyrlena) September 9, 2020
"Biden has a $640 billion housing plan on the table that is designed to force suburban communities to have low-income and multi-family housing complexes in place, and he is bragging that he has the support of Wall Street for his plan."https://t.co/eBh3yzWeC3— LawEnforcementToday (@LawEnforceToday) September 9, 2020
Biden 2020: Change That Wall Street Liberals Can Believe In?— Patrick Leijon🗽 (@PatrickVonTrapp) September 9, 2020
“These assurances to investment bankers came as the Biden campaign raked in a record-setting $365 million in campaign donations last month.” 😡 https://t.co/PT8KjQYRSJ