What a bunch of whiny ass titty babies these guys are. Call the waaahmbulance, because Senator Warren doesn't kiss the ground Wall Street bankers walk on. Pulease.
Big Wall Street banks are so upset with U.S. Democratic Senator Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources familiar with the discussions said.
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.
The amount of money at stake, a maximum of $15,000 per bank, means the gesture is symbolic rather than material
Moreover, banks' hostility toward Warren, who is not a presidential candidate, will not have a direct impact on the presumed Democratic front runner in the White House race, Hillary Clinton. That's because their fund-raising groups focus on congressional races rather than the presidential election
Still, political strategists say Clinton could struggle to raise money among Wall Street financiers who worry that Democrats are becoming less business friendly.
The tensions are a sign that the aftermath of the 2008 financial crisis - the bank bailouts and the fights over financial reforms to rein in Wall Street - are still a factor in the 2016 elections.
Citigroup has decided to withhold donations for now to the Democratic Senatorial Campaign Committee over concerns that Senate Democrats could give Warren and lawmakers who share her views more power, sources inside the bank told Reuters.
Two year old temper tantrums won't deter Senator Warren, who has responded this way:
That’s right, the biggest banks on Wall Street have made it clear that they expect a return on their investment in Washington. Forget making the markets safer (where they can still make plenty of money) and forget the $700 billion taxpayer bailout that saved them and forget the need to build a strong economy for all Americans. Forget it all. The big banks want a Washington that works only for them and that puts their interests first – and they would like to get a little public fanny-kissing for their money too.
Well forget it. They can threaten or bully or say whatever they want, but we aren’t going to change our game plan.
Awwwww, poor bankers. And of course, it's JP Morgan at the fore of all of this. Jamie Dimon is the biggest whiner of them all.
The best remedy for tantrums is the one Warren has dished out. Ignore the noise, and keep on doing what they're doing.