This past summer I wrote about Senator Elizabeth Warren’s plan to “transform” financial services and “rein in Wall Street”, referring to her policies as “banking sector napalm.” If she had her way, the trillion-dollar private equity segment within finance would be burnt to a crisp. Her policy ideas for spreading the risk back toward those reaping most of the reward and away from the target companies and employees would be almost surgical in its ability to inflict pain. You can read about it here.
This morning I jumped on set for MSNBC’s Stephanie Ruhle with Professor Scott Galloway to explain why Wall Street is so terrified of Warren’s campaign rhetoric and the potential for her becoming the frontrunner for the Democratic nomination.
Hope you like it!