Despite Senator Elizabeth Warren’s heavy pronouncements against the financial sector, bankers and fund managers are showing signs of warming up to her, expressing respect for her views and policies.
Sometime in March this year. Ms. Warren appeared in CBS’ “Face the Nation,” in which she asserted it is not right to call her a democratic socialist. That is because often times, she has criticized some financial industry sectors as predatory. This presidential aspirant made clear her stance by stating,
“I believe in markets; but in markets that work…that have a cop on the beat. Markets that have real rules where everybody follows them.”
What Wall Street People are Saying about Elizabeth Warren Lately
Recently, Fortune Magazine interviewed people at Wall Street. They were surprised to receive feedback about Senator Warren that was quite different from what the majority were saying during the 2016 presidential election campaigns. According to Fortune, some had no qualms about giving their growing approval of the Democratic Senator from Massachusetts, while others requested anonymity; lest they face political pressure from associates who think Ms. Warren is just not right for their business
Yet even for those with liberal leanings, it was gathered that the Democratic Senator has become an acceptable alternative to incumbent president Donald Trump and the self-professed democratic socialist Senator Bernie Sanders.
Chief Investment Officer and founding partner of Atlas Merchant Capital, David Schamis, told Fortune that he has no trouble giving Ms. Warren his support, if ever she gets the Democratic presidential nomination. Mr. Schamis sees her as somebody who is intelligent, hardworking, thoughtful and responsible, whom he believes gives importance to the financial markets.
Schamis even added that there are people in his network, including the conservatives, who have high regard for the former Harvard Law School professor, having studied under Ms. Warren’s tutelage.
Tom Nides, Vice Chairman at Morgan Stanley and former Deputy Secretary of State to President Obama, gives Senator Warren credit for her accomplishments; citing her feat of setting up the Consumer Financial Protection Bureau as impressive. Although he clarifies he does not agree with all of Ms. Warren’s statements, he gives value to her idea and her drive in giving fruition to that idea.
Even Whitney Tilson, the former hedge fund manager, whom Elizabeth Warren derided in 2016 via a post on Facebook, recently wrote an article in Yahoo explaining why he is glad the Democratic Senator is running for president. Notwithstanding that Ms. Warren had lashed at him for being a Wall Street insider who allegedly stood to gain from Trump’s administration. Upon learning that Tilson had made small contributions to her campaign fund, Ms. Warren tried to patch things up by extending her apology to Tilson. .
Despite the 2016 incident, Tilson wrote that he agrees with Senator Warren’s general assessment.of the country
that they have allowed multiple systems to develop… screwing average people in countless ways, from health care, education, trade, criminal justice and trade, among other things’…“I’m glad she is running.”