Banks Debate Blackmailing Dem Campaigns If Elizabeth Warren Doesn’t Back Off

Elizabeth Warren has been making quite a name for herself since being elected to the US Senate in 2013. Liberals love her consistent attacks on big money, banks, corporations, and congressional greed.

Warren stands for everything that could actually make a difference in our country. Lower interest rates for college students, accountability for corporate criminals who destabilize the economy for personal gain, and curbing the wealth inequality that is driving the middle class into the ground.

Liberals love her; many wish she’d run for President. Conservatives hate her, because their corporate masters tell them to.

It seems that nobody is more upset with Warren than big Wall Street Banks. In an article released by Reuters, sources say that some of the biggest names in banking are joining together to decide whether or not to blackmail the DNC by withholding campaign contributions if Warren and other opponents of banks destroying the economy. . . again. . . don’t back off.

Apparently they don’t know her too well.

From the article:

Representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Warren and Ohio Senator Sherrod Brown, to soften their party’s tone toward Wall Street, sources familiar with the discussions said this week.

Bank officials said the idea of withholding donations was not discussed at a meeting of the four banks in Washington but it has been raised in one-on-one conversations between representatives of some of them. However, there was no agreement on coordinating any action, and each bank is making its own decision, they said.

A total of $15,000 per bank is the money at stake, making it more of a symbolic gesture than an actual issue for Democrats. While it would have no impact on a Clinton bid for the White Houses, analysts have suggested that Hillary may have a hard time garnering support from Wall Street if Democrats don’t lay off of attacks and become more business friendly.

Warren had this to say about the threats:

They can threaten or bully or say whatever they want, but we aren’t going to change our game plan. It’s up to us to fight back against a financial system that allows those who broke our economy to emerge from a crisis in record-setting shape while ordinary Americans continue to struggle.

It seems that speaking as a representative of the people for the good of the people is still unpopular in politics. Perhaps someday the will of those people will actually have an impact again.

We can dream, can’t we?

H/T: Reuters | Image: Screen Capture from Reuters TV

 

  • Norascats

    Go! Liz, go!

  • Jim

    I saw the report on PBS where they interviewed these Wall Street bankers and they admitted to going wild with no care of what was going to happen. In the interview they admitted to using cocaine everyday, getting high, feeling good and making these loans to people that they shouldn’t have then bundling the loans and selling them to overseas investors knowing they were going to fail. In the interview they admitted that they didn’t care about tomorrow but was only looking at how much they could make today. What I don’t understand is with all of this informations why hasn’t there been a class action lawsuit brought against these banks by the people who lost their houses and jobs because of what these Wall Street bankers did to them? It’s bad enough that none of them are being charged with a crime and going to jail but why hasn’t there been a lawsuit filed against them?

    • Eleanor LeTourneau

      Because you need lawyers and they cost MONEY.

      • Jim

        No Eleanor, it’s the lawyers who will start a class action lawsuit on something like this because there is millions to be made for them if they win.

  • docmark

    Jim, I believe they were immune from lawsuits. They weren’t immune from government penalties, but they weren’t worried about that because they knew they wouldn’t get any. The recent Omnibs Budget Bill had language stuck in it to allow banks to return to the practice of gambling with customer’s money. What we should all do is take our money out of big banks and put it in small banks and credit unions. We have the power to show them we won’t put up with it, but when it actually comes to doing something about a problem we don’t.

  • Margie Seamon

    I have time and date stamped paperwork showing Wells Fargo committed fraud on our mortgage. That was in 2007! I have contacted HUD, OIG. BBB, DOJ, WI state DOJ, the White House; several times to OCC and CFPB and FBI. Oh FBI stepped in! Fined WF 85 million; WF tried to foreclose. We were told to hire an attorney: no one said where to find a an attorney or the $10,000.00 to retain one. I have the black and white proof! Every department has said the same thing, “Sorry, you need an attorney”. No one can afford an attorney to straighten out their web of lies. These agencies, paid by the tax-payers, are a waste of time. I also contacted Elizabeth Warren’s office, Walker’s office and senators in WI. Nothing. They just all blow smoke up, ask WF is true; WF says “no”, and that’s it. Wells Fargo “selected us”, gave our information to a scumbag, Romaine Bergh; who liked to screw people over. Especially, lower income people. I have taken a stand, alone, but I will get my day in Court, if I have to take it to Court myself. The banks rule the Country, people, and future’s of all American’s who do not have stock-piled accounts. It is sickening. 3 bail-out’s after ruining thousands of lives. But, as I was told recently by HUD and by DOJ; I am white, and white people cannot be discriminated against. If we weren’t white, they could help. Sounds like discrimination again! Oh, least not let me forget; crooked attorney’s. I have spoken to so many: that joke that right about attorneys. Just as crooked.

    • TroyandAgnes

      Try crowd funding, also, have you contacted your local media?

  • NelsonRobison

    It’s time that the Wall Street Thugs are imprisoned. They have already admitted culpability, have already accepted that they were complicit in a conspiracy to wreck the global economy. These thieves must not pass go. Must not collect “any more money.” They must go directly to jail!