Elizabeth Warren Starts Winning Begrudging Respect on Wall Street
Theres a new whisper on Wall Street -- maybe Elizabeth Warren isnt so bad.
The Democratic senator, who rose to national prominence by calling for tough regulation after the financial crisis, is winning respect from a small but growing circle of senior bankers and hedge fund managers. As the presidential candidate from Massachusetts takes aim at the rich and powerful with a slew of tax-raising policy proposals, some financial types who fit that description say shes proven capable and makes some good points.
If she ends up being the nominee, Id have no trouble supporting her at all, said David Schamis, chief investment officer of Atlas Merchant Capital, where hes a founding partner alongside former Barclays Plc head Bob Diamond. While Warren isnt Schamiss top choice, he said: I think she is smart, hardworking, responsible and thoughtful. And I think she thinks markets are important.
Schamis said people in his network who studied under Warren, a former professor at Harvard Law School, think highly of her, including some conservatives
...I clearly dont agree with everything she says, but I do give her credit for getting things done, said Tom Nides, a Morgan Stanley vice chairman and former deputy secretary of state under Barack Obama, said of Warren. He didnt share which candidate hes supporting.
Warrens work to set up the Consumer Financial Protection Bureau in the wake of the crisis was impressive, Nides said. You cant argue with that. Having an idea, driving it to fruition, and having set it up is really hard to do.
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https://www.bloomberg.com/news/articles/2019-07-03/elizabeth-warren-wins-respect-in-unlikeliest-place-wall-street