The Wallets of Wall Street Are With Joe Biden, if Not the Hearts

[gam197]

The Wallets of Wall Street Are With Joe Biden, if Not the Hearts (Published 2020)

Through donations, finance executives played a critical role in helping Joe Biden turn his campaign around. They’ve mostly grown to like him, if not love him.

www.nytimes.com

s Wall Street donors arrived at a fund-raiser for Joseph R. Biden Jr. at a Midtown Manhattan restaurant earlier this year, campaign staff members asked if they wanted to sign up for pictures with the candidate. More than a few of the bankers and private-equity investors politely declined, opting to mingle over glasses of wine instead.

It was Feb. 13, and Mr. Biden had just been thrashed in the New Hampshire primary after finishing poorly in the Iowa caucuses a week earlier. He was in desperate need of both momentum and money. Still, as Mr. Biden confided to the private-equity executive who co-hosted the event that night: Win or lose, he planned to “play my heart out to the very end,” the executive, Jon Gray, later recalled.

And finance executives have played a critical role in helping him do it. As Mr. Biden survived a turbulent winter to become the presumptive Democratic nominee running against President Trump, the millions of dollars Wall Street denizens donated to Mr. Biden and outside groups supporting his candidacy have helped him build a strong lead in national polls.

Wall Street has fared extraordinarily well under Mr. Trump: deep cuts to taxes, slashed regulations and, until the pandemic hit, record stock prices. But in recent months, dozens of bankers, traders and investors said in interviews, a sense of outrage and exhaustion over Mr. Trump’s chaotic style of governance — accelerated by his poor coronavirus response — had markedly shifted the economic and political calculus in their industry…

In May and June alone, the Biden Action Fund raised more than $11.5 million. That tally — a good measuring stick for Wall Street support because it was set up in part to draw contributions from that industry — included $710,000 from Josh Bekenstein, a co-chair of Bain Capital, and his wife…

This year, it’s Mr. Biden. Financial industry cash flowing to Mr. Biden and outside groups supporting him shows him dramatically out-raising the president, with $44 million compared with Mr. Trump’s $9 million.

Last month, multiple Wall Street bundlers, including Alan Leventhal, the chief executive of Beacon Capital; Nat Simons, who runs a clean-tech investment fund; and Mr. Gray, Blackstone’s president, held virtual fund-raisers for Mr. Biden. The giving has been so robust that the Biden campaign is now asking for at least $1 million in donations before it will confirm the former vice president’s attendance at an event, say bundlers.

As the checks roll in, the Biden campaign has been carefully cultivating its relationship with the business community, with a focus on Wall Street. The outreach has included offering private briefings ahead of major policy rollouts and dangling various donor packages for the upcoming, and mostly virtual, Democratic National Convention.

So now it is a good thing that Joe Biden is receiving funds from Wall Street. Where is Occupy Wallstreet?

 

[ThinkingSapien]

Where is Occupy Wallstreet?

That started in September 2011 and was dispersed in either November or December 2011. Court cases from it were in way 2012.

 

[gam197]

gam197:

Where is Occupy Wallstreet?

That started in September 2011 and was dispersed in either November or December 2011. Court cases from it were in way 2012.

I know but I am sure those protesters are still around somewhere. Some may have joined Antifa.

Joe Biden has raised a great deal of money from Wall Street 44 millions and Hillary Clinton raised about the same 40 million while Trump in 2016 raised only 283 thousand from Wall Street.

 

[ThinkingSapien]

I know but I am sure those protesters are still around somewhere.

The entity that originally called for protest on WallStreet is calling for a protest on a different matter. But that protest is not scheduled to start until September 17th. It is concerning another matter though.

Some may have joined Antifa.

I don’t think that mixing in such unsupported speculations is helpful. Do you think it is helpful to make up things and add them to a thread?

 

[gam197]

gam197:

I know but I am sure those protesters are still around somewhere.

The entity that originally called for protest on WallStreet is calling for a protest on a different matter. But that protest is not scheduled to start until September 17th. It is concerning another matter though.

What matter is that?

 

[ThinkingSapien]

What matter is that?

I’m not personally interested in promoting it. But if you are interested, if you search, you will find it.

 

[gam197]

Found it. That ought to be interesting.

It’s time again for dramatic, decisive action. Which is why, on September 17th, in the original and enduring spirit of Occupy, we and tens of thousands of our fellow citizens will stream into Lafayette Square, in Washington. D.C.

We will lay siege to the White House. And we will sustain it for exactly fifty days. This is the #WhiteHouseSiege.

So in all honesty the Occupy Wall Street movement is not concerned that Joe Biden is one receving all the money from Wall Street Financials.

 

[gam197]

I knew Occupy Wall Street had to be somewhere and they are still around.

t’s been nine years since we set off the political earthquake of #OccupyWallStreet, laying siege to NYC’s Zuccotti Park and inspiring thousands of similar protests around the world.

The Occupy anniversary arrives September 17th, 2020. And it may be the perfect day to trigger another global big-bang moment — a massive collective action of the sweetest kind of disobedience.

 

[Regular_Atheist]

Trump has big corporate backing too. If you really think a candidate is bad for being supported by big corporate and financial sector entities then you can’t really support him either.

 

[gam197]

Trump has big corporate backing too. If you really think a candidate is bad for being supported by big corporate and financial sector entities then you can’t really support him either.

According to the NY Times Trump has received 9 million from Wall Street Fianancials more than the last election but really quite small in comparison to Joe Biden’s purse of 41 million.

Both received money from other wealthy people.