According to Cohan, Wall Street is almost giddy over the prospect of a Clinton candidacy, describing it with the kind of vacuous (and intensely ideological) “non-ideological” phrases that they used when rhapsodizing over Obama back in 2008. “Many of the rich and powerful in the financial industry,” Cohan writes, “consider Clinton a pragmatic problem-solver not prone to populist rhetoric.” Regardless of whatever she may say to win over Democrats, Clinton’s got a pass from these masters of the universe, Cohan reports, because “[n]one of them think she really means her populism.” The Street’s support is “rock-solid” and “not anything that can be dislodged based on a few seemingly off-the-cuff comments.” As Cohan notes, despite their recently spotty record on wise investments, the Wall Streeters’ confidence in Clinton is pretty well placed. They already know her quite well from her years in the White House — years that were characterized by a wave of financial deregulations that came at quite a price for the rest of us, though they were doubtlessly beneficial to the 1 percent. And they know her better still from her brief stint as New York’s junior senator. Clinton and Wall Street, Cohan reports, are simply comfortable around one another. They go to the same parties (in the Hamptons) and travel in the same circles (among the financial, cultural and entertainment elite). She “understands how things work,” in the words of one Cohan source, who helpfully clarifies that, on the Street at least, “she’s not a populist” is what that means.
Posted on: Thu, 13 Nov 2014 02:29:14 +0000
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