Wall Street Lawyer: Rand Paul/Ted Cruz vs. Elizabeth Warren in 2016 “Everybody’s Worst Nightmare.”
Anyone interested in the 2016 Presidential Race is essentially engaging in political fanfiction. One thing to watch is the money and right now most donors on Wall Street are simply waiting and watching to see how the field shapes up after the midterm elections.
Still, when asked about the 2016 election there was a surprising answer from the right-leaning crowd. “Two dozen interviews” later, Politico discovered that if neither Jeb Bush nor Chris Christie wins the GOP nomination, they’ll line up behind Hillary Clinton.
“If it turns out to be Jeb versus Hillary we would love that and either outcome would be fine,” a “top” financial lawyer on the right told Politico. He also said that Joe Biden would also be acceptable. “It’s Rand Paul or Ted Cruz versus someone like Elizabeth Warren that would be everybody’s worst nightmare.”
Ted Cruz is basically a crank, which is why his name is most likely on that list. He showed a complete disregard for consequences when he spearheaded the movement to shut down the government and then seemed ready to double-down on debt default. While not exactly an enemy of the banks—in fact, one could easily imagine him being bought and sold if somehow the 2016 front-runner—Cruz represents a kind of disregard for the status quo that harbors on the dangerous.
Yet the others mentioned, Sens. Rand Paul (R, KY) and Elizabeth Warren (D, MA), are a different kind of dangerous for the status quo.
Warren is an avowed enemy of the financial recklessness that led to the 2008 crash and the lack of accountability taken by any of the perpetrators of that massive fraud. In Matt Taibbi’s new book The Divide, he reports that Warren was passed over for a regulatory position—before becoming a Senator—because she made people on Wall Street “nervous.”
Paul, despite some of his more fringe conservative beliefs, has been a staunch critic of this administration—mostly with regard to foreign policy and drone strikes—and seems like someone who is unlikely to bend to the will of any moneyed interests.
Photo by Bent Inge Ask via Flickr Creative Commons