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Saturday, September 28, 2019

Some Wall Street Democrats say they will flip to Trump if Elizabeth Warren is the nominee. Can you really blame them?

Elizabeth Warren might be rising in the primary polls, but there’s one group of Democratic voters who view her nomination as a worst-case result: Wall Street Democrats.

CNBC spoke to high-profile Democratic businessmen and donors, reporting that “Democratic donors on Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle — or even back President Donald Trump — if Sen. Elizabeth Warren wins the party’s nomination.”

One top executive told CNBC that “[big bank executives and hedge fund managers] will not support her. It would be like shutting down their industry.”

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