Bill Black: Wall Street Declares War Against Bernie Sanders

[antigop]

http://www.nakedcapitalism.com/2016/01/bill-black-wall-street-declares-war-against-bernie-sanders.html

Wall Street billionaires are freaking out about the chance that Bernie Sanders could be elected President. Stephen Schwarzman, one of the wealthiest and most odious people in the world, told the Wall Street Journal that one of the three principal causes of the recent global financial trauma was “the market’s” fear that Sanders may be elected President. Schwarzman is infamous for ranting that President Obama’s proposals to end the “carried interest” tax scam that allows private equity billionaires like Schwarzman to pay lower income tax rates than their secretaries was “like when Hitler invaded Poland.”

Schwarzman and Pete Peterson co-founded the private equity firm Blackstone. Peterson leads the effort to destroy the safety net in America. His greatest dream is to privatize Social Security so that Wall Street could increase its revenues by tens of billions of dollars. Blackstone is a major owner of Sea World, and it was in this sphere that Schwarzman went beyond his delusional rants about Hitler and became vile. When an Orca killed its trainer, Schwarzman lied and blamed the death on the trainer, claiming that Sea World “had one safety lapse — interestingly, with a situation where the person involved violated all the safety rules that we had.”

Schwarzman’s claim that the global financial markets are tanking because of Bernie’s increasing support is delusional, but it is revealing that he used the most recent market nightmare as an excuse to attack Bernie. The Wall Street plutocrats, with good reason, fear Bernie – not Hillary. Indeed, it is remarkable how vigorous and open Wall Street has been in signaling through the financial media that it has no problem with Hillary’s Wall Street plan. CNN, CNBC, and the Fiscal Times, under titles such as: “Here’s Why Wall Street Has Little to Fear from Hillary Clinton,” pushed this meme.

Michael Bloomberg was the second Wall Street billionaire to pile on to Bernie this week. Bloomberg leaked to dozens of media outlets that he was again considering a run for the presidency. The same leaks explained that Bloomberg’s fear of Bernie was the key. Bloomberg is infamous for organizing the mass arrests designed to crush the Occupy Wall Street movement. He is Wall Street and he openly represented Wall Street as Mayor of New York City.

[Skwmom]

1. It's not just Wall Street. n/t

[Ron Green]

2. Change is hard, change is painful -

- but at some point it's necessary.

[Jefferson23]

3. When Bloomberg declared his plan it should be seen as a red flag to every American voter

why Bernie is his target..Bloomberg's self interests are his ONLY interests.

They will try and spin it that Bernie will upset the market and other
nonsense, they want you to believe there is no other system to
manage the beast..you need them.

It is a very sick and twisted view, these are un-American beliefs,
they are undermining democracy..voter beware.

[merkins]

4. K&R

"For Mrs. Clinton, experience means, “Well, yes, I did get it wrong the first time, but now I get it right.” For Bernie, judgment is getting it right the first time, not after the barn burned down. Bernie never hired a bunch of Wall Street operatives to advise his campaign."