The bankers don’t like Elizabeth Warren and they’ve met with Democratic Party officials to tell them so:
JPMorgan representatives have met Democratic Party officials to emphasize the connection between its annual contribution and the need for a friendlier attitude toward the banks, a source familiar with JPMorgan’s donations said. In past years, the bank has given its donation in one lump sum but this year has so far donated only a third of the amount, the source said.
I don’t know what kind of response they got, but it seems passing strange that the banks could make the quid pro quo so clear and no eyebrows get raised. I always thought these folks liked to preserve the facade that when they donated money they absolutely had no expectations of getting anything in return.
It would be nice if the Democrats told the banks to pound sand, as loudly as they could. They will always get less Wall Street money than the Republicans, so why not make a virtue out of necessity? Odds are that Warren is raising more money for the Democrats than the crumbs from the Wall Street table they can expect to get. Unfortunately, odds also are that the Democratic Party officials to whom the banks have been talking will fold like a cheap suit.
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