By Jacob Sugarman
Source: Read full article at Truthdig
The Iowa caucus is still more than six months away and the Democratic Party has yet to hold its first primary debate, but Wall Street is already zeroing in on its favorites for 2020. To the surprise of nobody, Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., are conspicuously absent from its list of preferred candidates.
According to The New York Times, the financial industry is throwing its support behind South Bend Mayor Pete Buttigieg, as well as Sen. Kamala Harris, D-Calif., and former Vice President Joe Biden. The article notes that the same New York donors have also given to the campaigns of local politicians Sen. Kirtsten Gillibrand, D-N.Y., Sen. Cory Booker, D-N.J., and New York City Mayor Bill de Blasio.
“Interviews with two dozen top contributors, fund-raisers and political advisers on Wall Street and beyond revealed that while many are still hedging their bets, those who care most about picking a winner are gravitating toward Mr. Biden and Ms. Harris, while donors are swooning over Mr. Buttigieg enough to open their wallets and bundling networks for him,” writes the Times’ Shane Goldmacher. “These dynamics raise the prospect of…