September 12, 2019
Read the rest in the New York Post here: https://nypost.com/2019/09/11/wall-street-is-freaking-out-at-the-thought-of-president-liz-warren/The 2020 election is still a long way off, but the nation’s big banks are already pricing in the possibility of an Elizabeth Warren presidency, their senior executives tell me. The picture ain’t pretty — for the banks or average Americans.
True, Warren isn’t the Democrats’ frontrunner, and a lot could happen in coming months. Because it’s early, financial stocks haven’t officially started to suffer. But the bank execs note that Warren is smart and driven, and they fear she may be starting to break out of the pack, where she can do some damage.
Her main rival for progressive voters, Bernie Sanders, is fading. And though they’d love a moderate like Joe Biden to step it up (and he might during Thursday’s debate), they also fear he can’t. And they know Warren has a built-in hatred for financial institutions and folks with wealth.
President Trump would destroy her, though, right? Not so fast, the bankers say.
Posted by: Timothy Birdnow at
11:59 AM
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That's nonsense, and she knows it. When an insurance company denies a claim it does not increase their profit by one red cent. The money is simply spent on paying some other claim. Insurance companies are required by law to pay out 80% of collected premiums in the form of benefit payments, and they do so.
Posted by: Bill H at September 12, 2019 11:54 PM (vMiSr)
Posted by: Timothy Birdnow at September 13, 2019 06:21 AM (Y16kT)
Posted by: Dana Mathewson at September 13, 2019 12:30 PM (glpcc)
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