2020 Latest: Elizabeth Warren Starts Winning Respect on Wall St. - Bloomberg
There’s a new whisper on Wall Street — maybe Elizabeth Warren isn’t 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 she’s proven capable and makes some good points.
“If she ends up being the nominee, I’d have no trouble supporting her at all,” said David Schamis, chief investment officer of Atlas Merchant Capital, where he’s a founding partner alongside former Barclays Plc head Bob Diamond. While Warren isn’t Schamis’s top choice, he said: “I think she is smart, hardworking, responsible and thoughtful. And I think she thinks markets are important.”