Upset By Elizabeth Warren, U.S. Banks Debate Halting Some Campaign Donations

[LongTomH]

Original link from Sen. Warren's Facebook page.

http://www.huffingtonpost.com/2015/03/27/elizabeth-warren-campaign-donations_n_6953858.html

NEW YORK, March 27 (Reuters) - Big Wall Street banks are so upset with U.S. Democratic Senator Elizabeth Warren's call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources familiar with the discussions said.

Representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Warren and Ohio Senator Sherrod Brown, to soften their party's tone toward Wall Street, sources familiar with the discussions said this week.

Bank officials said the idea of withholding donations was not discussed at a meeting of the four banks in Washington but it has been raised in one-on-one conversations between representatives of some of them. However, there was no agreement on coordinating any action, and each bank is making its own decision, they said.

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The tensions are a sign that the aftermath of the 2008 financial crisis - the bank bailouts and the fights over financial reforms to rein in Wall Street - are still a factor in the 2016 elections.

http://www.huffingtonpost.com/2015/03/27/elizabeth-warren-campaign-donations_n_6953858.html