On Wall Street Regulation, Joe Biden Keeps Everyone Guessing

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Would Joe Biden cozy up to or crack down on Wall Street? His recent move left has supporters guessing

WILMINGTON, Del.—Fifteen years ago, Joe Biden defended credit-card companies during a testy Senate exchange with Elizabeth Warren over legislation curtailing consumers’ ability to shed their debts in bankruptcy.Mr. Biden spent 36 years as a senator from the credit-card and corporate mecca of Delaware, where he built relationships and a voting record that provided ammunition for his opponents during a bruising Democratic presidential primary.

Mr. Biden’s allies say he has always favored Main Street over Wall Street. Critics, including Vermont Senator and primary rival Bernie Sanders, often have portrayed him as favoring lenders over the little guy. Mr. Sanders backs Mr. Biden in the general election. President Trump hasn’t made a campaign issue of his opponent’s ties to lenders and voting record on financial regulation. Mr. Biden has focused on his plan to revive an economy reeling from the Covid-19 pandemic, eschewing the kinds of proposals to rein in Wall Street that have been pillars of past Democrats’ presidential campaigns.

 

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Doesn't Biden always leave you guessing? Is he for fracking or not? Is he for packing the court or not?

We will get to hear his position after the election

Joes not running the show,,,Nancy Clinton is

He'd follow the Democrat formula: cozy up for cash, then 'crack down' in the form of harsh words and nothing more.

He doesn’t know! He doesn’t remember! He doesn’t care! And you don’t deserve to know!

What a dumb question! When has a leftist that wants to ramp up taxes to the wealthy has done anything 'positive' for WS?

I guess we don’t deserve to know the answer

Wall Street will do what it does whoever is in the WH

Biden was VP...ahh, never mind. If y’all forgot I’m going to forget too. 2020Election

Trump and his fed dumped trillions of taxpayer dollars on Wall st.and it as usual trickled nowhere except to banks and big investors or CEOs.type Republican failure with fraudulent trickle down that's never worked except for GOP bribes

The most left-wing agenda in history and these idiots are seriously asking this ?

Who cares? Average Americans just want someone who will actually protect them.

talking-points have gone from being old-school to just being old.

Biden’s threat to crack down on Wall Street won’t happen.

Biden is going to tax Wall Street out of existence !

Joe Biden told Americans not to panic over the coronavirus back in February. How will side effects and mutations in the Corona Virus 19 experiment be resolved ? Also, who is responsible ? Can you handle it ?!

Biden is a moderate which is what most Americans want in the WH and Congress

Great question

Who, right now, in their actual right minds, gives a flying fuck about anything except getting trump out of office. You could line up a couple boxing kangaroos and I’d happily encourage Americans to vote for them because they would be better than trump.

regulate the hedge fund greed game, exactly what does shorting a stock 'invest' in? futures/options? main street is the economy______ wallstreet is the greed aberration!

closer to sesame street i would guess. than wall street. but i am not an expert

Rediculous. All Politicians on the Federal level become millionaires as a result of legal bribes from Corporations. If you become an enemy of Wall Street, the corporate bribes will dry up. Money over ethics wins every time.

Biden looks too weak both in physical appearance and political narratives to tackle big issues facing the US, including China, Iran, covid et al!

Why do you even ask were voting him because we don't want trump not because of his policies... hes a diet conservative

Nobody is guessing about this one. His entire career has been about helping wall street.

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