Wall Street Democrats are threatening to back Trump if Warren is nominated. She probably doesn't care.


Sen. Elizabeth Warren (D-Mass.) just earned a free campaign advertisement.
As the candidate surges in the 2020 race on a platform of big business breakups, some Wall Street Democrats have indicated they'd hold onto their usual donations or even send them to President Trump if she ends up the nominee, CNBC reports. But seeing as Warren has had no trouble condemning banks and the absurdly wealthy throughout her time in government, that's probably not going to influence her campaign.
Warren has spent her campaign calling for a wealth tax, higher big business taxes, and a massive breakup of conglomerates in the tech and finance industries. Unsurprisingly, some finance types are not big fans. One senior private equity executive told CNBC they felt "in a box" because, while they "want to help the party," Warren is "going to hurt me." "They will not support her. It would be like shutting down their industry," an executive at a top bank similarly said of his industry.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But as soon as the CNBC story went up, tweets that surmised Warren's reaction came pouring in. Some pundits guessed the article would end up in a Warren fundraising email. The Washington Free Beacon's David Rutz suggested Warren herself gave a quote in disguise. And The Washington Post's Dave Weigel jokingly asked if the Warren campaign paid for the article altogether.
A spokesperson for Warren declined to comment to CNBC, but her approval of an earlier CNBC clip reporting that Wall Street executives are afraid of a Warren presidency speaks for itself. Kathryn Krawczyk
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
Today's political cartoons - April 20, 2025
Cartoons Sunday's cartoons - Pam Bondi, retirement planning, and more
By The Week US
-
5 heavy-handed cartoons about ICE and deportation
Cartoons Artists take on international students, the Supreme Court, and more
By The Week US
-
Exploring the three great gardens of Japan
The Week Recommends Beautiful gardens are 'the stuff of Japanese landscape legends'
By The Week UK
-
Judge threatens Trump team with criminal contempt
Speed Read James Boasberg attempts to hold the White House accountable for disregarding court orders over El Salvador deportation flights
By Rafi Schwartz, The Week US
-
Biden slams Trump's Social Security cuts
Speed Read In his first major public address since leaving office, Biden criticized the Trump administration's 'damage' and 'destruction'
By Peter Weber, The Week US
-
El Salvador refuses to return US deportee
Speed Read President Nayib Bukele of El Salvador said he would not send back the unlawfully deported Kilmar Ábrego García
By Peter Weber, The Week US
-
Trump says electronics tariff break won't last
Speed Read The tariff exemptions on smartphones, laptops and other electronic devices are temporary, the administration says
By Peter Weber, The Week US
-
Man charged in arson attack on Pennsylvania's Shapiro
Speed Read Governor Josh Shapiro and his family were sleeping when someone set fire to his Harrisburg mansion
By Peter Weber, The Week US
-
White House pushes for oversight of Columbia University
Speed Read The Trump administration is considering placing the school under a consent decree
By Rafi Schwartz, The Week US
-
Supreme Court backs wrongly deported migrant
Speed Read The Trump administration must 'facilitate' the return of wrongfully deported migrant Kilmar Ábrego García from El Salvador, Supreme Court says
By Peter Weber, The Week US
-
Two judges bar war-powers deportations
Speed Read The Trump administration was blocked from using the Alien Enemies Act to deport more alleged Venezuelan gang members
By Peter Weber, The Week US