Investors are getting twitchy about Elizabeth Warren making it to the White House

Wall Street is becoming nervous as Elizabeth Warren’s campaign for the Democratic nomination appears to be gathering steam.

The Massachusetts Senator is not only rapidly eclipsing Sanders on the party’s left flank, but moving in on Joe Biden – taking the lead in one poll and slashing his once insurmountable lead in several others.

Given Warren’s banker-bashing agenda, the frisson of anxiety is hardly surprising, especially given her campaign pledge to target private equity firms, which she has accused of “legalised looting”.

Just to reinforce the point, she even unveiled a bill called the “Stop Wall Street Looting Act”. It would curb the way in which the firms operate, making them responsible for the liabilities of companies they buy, including pension obligations…[read more]