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Biden's flexibility on policy could mean bitter fights later - The Washington Post

Louis Proyect
 

WILMINGTON, Del. — When Joe Biden released economic recommendations two months ago, they included a few ideas that worried some powerful bankers: allowing banking at the post office, for example, and having the Federal Reserve guarantee all Americans a bank account.

But in private calls with Wall Street leaders, the Biden campaign made it clear those proposals would not be central to Biden’s agenda.

“They basically said, ‘Listen, this is just an exercise to keep the Warren people happy, and don’t read too much into it,’ ” said one investment banker, referring to liberal supporters of Sen. Elizabeth Warren (D-Mass.). The banker, who spoke on the condition of anonymity to describe private talks, said that message was conveyed on multiple calls.

https://www.washingtonpost.com/politics/bidens-flexibility-on-policy-could-mean-bloody-fights-if-he-wins/2020/09/06/b8d66c3c-e622-11ea-bc79-834454439a44_story.html
P1D
 

good to know.  
//Louis, I’m not deleting all below per your instructions because I want to re-show what’s good to know//
so:
every reply I make to a biden pitch I’m going to add “only because he supports banking at the P.O. and Fed guarantee all Americans a bank account.”  Might help if I’m not alone.  
thanks

On Sep 18, 2020, at 8:33 AM, Louis Proyect <lnp3@...> wrote:

WILMINGTON, Del. — When Joe Biden released economic recommendations two months ago, they included a few ideas that worried some powerful bankers: allowing banking at the post office, for example, and having the Federal Reserve guarantee all Americans a bank account.
But in private calls with Wall Street leaders, the Biden campaign made it clear those proposals would not be central to Biden’s agenda.
“They basically said, ‘Listen, this is just an exercise to keep the Warren people happy, and don’t read too much into it,’ ” said one investment banker, referring to liberal supporters of Sen. Elizabeth Warren (D-Mass.). The banker, who spoke on the condition of anonymity to describe private talks, said that message was conveyed on multiple calls.

https://www.washingtonpost.com/politics/bidens-flexibility-on-policy-could-mean-bloody-fights-if-he-wins/2020/09/06/b8d66c3c-e622-11ea-bc79-834454439a44_story.html
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