Wall Street’s political shakedown: We’ll stop funding Dems if Elizabeth Warren won’t sit down and shut up
Top banks consider cutting off Dems if the party won't rein in party progressivesname
If ever you doubted that our obscene campaign finance regime constitutes a form of legalized bribery, consider this: Reuters reports today that officials at top Wall Street banks recently convened to discuss how they could convince Democrats “to soften their party’s tone” toward the financial industry, and among the options now under consideration is halting campaign donations to Senate Democrats unless they rein in progressive populists like Sens. Elizabeth Warren (D-MA) and Sherrod Brown (D-OH).
The banks represented at the Washington meeting included Citigroup, JPMorgan, Goldman Sachs and Bank of America, according to the report, and though the idea of withholding campaign contributions did not arise at that gathering, it has since been floated in conversations among representatives from the banks.