Senator Elizabeth Warren praised two Democratic presidential candidates - Sen. Bernie Sanders and Gov. Martin O'Malley - for their stances on Wall Street. "I'm pleased that Sen @BernieSanders and Gov @MartinOMalley are supporting @TammyBaldwin's bill to slow down the Wall Street revolving door," Warren tweeted.
Clinton has been attempting to court Warren's support for months. Clinton has been hyping her anti-Wall Street talk to make clear she'll be tough on big banks. While Hillary Clinton's campaign has received substantial support from Wall Street, Clinton regularly denounces Wall Street at rallies.
In April, Clinton even went so far as to write Elizabeth Warren's entry in Time Magazine's top 100 influential people, praising Warren for her progressive leadership.
Warren's tweet sends a message that she is not impressed with Clinton's talk.
Recently, a group encouraging Warren to run for president threw its support behind Bernie Sanders when chances of Warren running seemed slim to none.
The Wall Street Journal has a revealing report on the hedge fund Eaglevale Partners LP, which is run by Hillary Clinton's son-in-law, Marc Mezvinsky. The fund, it turns out, bet big on a turnaround in the Greece economy -- and lost.
Last week, Massachusetts senator Elizabeth Warren threatened to derail the omnibus continuing resolution (“cromnibus”) that funds most of the government through the end of the fiscal year. She objected to the elimination of an obscure rule in the Dodd-Frank financial reform law known as “push-out.” Under Dodd-Frank, federally backed financial institutions must spin their “swap trades” off to uninsured subsidiaries; after cromnibus, they will no longer have to do this.
One of the most interesting aspects of the 2013 Virginia gubernatorial race between Democrat Terry McAuliffe and Republican Ken Cuccinelli was an ad sponsored by the Conservative War Chest tagging McAuliffe as part of the “Gang of Five.” According to the ad, this group -- De
Around 7:00 p.m. this evening, as the polls closed in Virginia’s 7th Congressional District, and as a populist, anti-Big Government and anti-Big Business challenger was about to record an amazing upset of the House majority leader in the GOP primary, an email arrived in TWS inboxes.
In Washington, the wail of voices crying "shutdown" is so loud one can hardly hear anything else this morning. But the further away you get from our panicked capitol, the less alarmed people seem to be. On Wall Street, before the opening, Bloomberg headlined that:
Eliot Spitzer, the former governor of New York who resigned in 2008 after it was revealed he was a client of a prostitution ring, has a new campaign ad for his run for New York City comptroller in which Spitzer admits he "failed. Big time." The 60-second ad, which features one news anchor saying the "Sheriff of Wall Street is back," mainly focuses on Spitzer explaining why he'd like to run for comptroller, which controls the city's budget as well as the pension funds for city workers.
President Barack Obama pledged this morning in his weekly radio address to continue to crackdown on "irresponsible behavior."
"Here in America, we know the free market is the greatest force for economic progress the world has ever known. But we also know the free market works best for everyone when we have smart, commonsense rules in place to prevent irresponsible behavior," Obama began.
Joe Biden, speaking at a campaign event in Virginia:
"Look at their budget, and what they are proposing," Biden said. "Romney wants to let--he said in the first hundred days, he's going to let the big banks once again write their own rules. Unchain Wall Street. They gonna put y'all back in chains."
Massachusetts Senate candidate Elizabeth Warren backed away from her statement that supporters of hers from Wall Street tell her she could "save capitalism." The Boston Herald reports on the Democratic candidate's walkback: