As Warren Gains in Race, Wall Street Sounds the Alarm - News Summed Up

As Warren Gains in Race, Wall Street Sounds the Alarm


Already, some Republicans are defining Ms. Warren as a veiled socialist who would disrupt the fragile economy with her sweeping plans. As president, Ms. Warren would also confront a long list of powerful and well-funded opponents on Wall Street, potentially complicating her ability to enact her agenda. Her tightly organized campaign has no Wall Street liaison or circle of advisers drawn from the industry and has done little outreach to the finance world . Ms. Warren’s campaign declined to comment, pointing to her public remarks, in which she has welcomed doing battle with Wall Street. Prominent money managers have predicted a double-digit decline in the stock market if Ms. Warren wins the presidency, a claim that some skeptics find hyperbolic.


Source: New York Times November 04, 2019 08:01 UTC



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