The financial industry looms large in the coming primary – and some bankers say theyll push for the Vermont senator even if his policies could pain their careersA few months ago,Democratic party leaders attended a meeting in New York with some of the titans of Wall Street, among them heads of brand-name hedge funds and top private fairness firms. The gathering was billed not as the usual tall-dollar fundraiser but as a bridge-building exercise in which powerful financiers could vent their opinions privately to Democratic bosses.
Two US senators who formed share of the Democratic delegation kicked off the meeting by inviting the financiers to air their concerns about party policy. One of the sizable name Wall Street figures stood up, or proclaimed grandly that he was speaking on behalf of every financial person in the room,and then slammed into the Democratic lawmakers for having had the audacity even to consider disbanding a low-tax arrangement well-liked with hedge fund managers known as “carried interest”.Continue reading...
Source: theguardian.com