Wall Street is more terrified of an Elizabeth Warren presidency than previously thought, new report finds
of her student debt relief plan pledging to circumvent Congress and enact it using executive authority
Still, they also said a Warren administration could benefit certain segments of the economy. If she were to break up Wall Street's biggest banks, the Barclays researchers said, the move could benefit smaller regional banks that have been squeezed as a result of consolidation. The reported documents underscore pervasive views on Wall Street that her presidency would damage their way of doing business.
The Massachussets senator has centered her campaign around a vision of"big, structural change" that would fundamentally remake the American economy, and many of her proposals seek to tilt the scales of power away from corporations and the rich. Warren's progressive candidacy has drawn broadsides from wealthy and financial titans over the past year. Microsoft founder Bill Gates criticized her wealth tax, which would slap a 2% levy on households with assets over $50 million and a 3% tax on those worth over $1 billion.
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