Author Topic: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris  (Read 1704 times)

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Offline mystery-ak

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Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris

John Binder 23 Jul 2024

Wall Street’s wealthiest power brokers are lining up to support Vice President Kamala Harris in her bid to capture the Democrat nomination for president after President Joe Biden dropped out of the race.

During a rally in Wisconsin on Tuesday, Harris attempted to pitch herself as a defender of the middle class against billionaires, multinational corporations, and big insurance companies.

In reality, Wall Street’s elite are pledging their full support for Harris’s candidacy.

“Harris is a Wall Street favorite with relationships there [Joe] Biden never really had, and they’re all in,” Semafor Editor-in-Chief Ben Smith wrote on X.

Among those big-money backers, according to Semafor, are Centerview’s Blair Effron, Blackstone’s Jonathan Gray, Lazard’s Peter Orszag and Ray McGuire, Paul Weiss’ Brad Karp, Evercore’s Roger Altman, and billionaire financier Marc Lasry, CEO of Avenue Capital.

Meanwhile, financial executive Ray McGuire told Fortune Magazine that “many Wall Street leaders will rally to support” Harris against former President Donald Trump and his running mate JD Vance, whom Wall Street and the donor class oppose because of their populist agenda.

“This is a clarion call for democracy. The credibility she has will resonate from Wall Street to Main Street,” McGuire said.

As Semafor notes, “Harris was popular with the Wall Street crowd” when she last ran for president in 2020 and ended up dropping out of the Democrat primary because of a huge lack of support from voters.

“Harris raised more money from lawyers, bankers, and professional investors than any of her primary challengers except Cory Booker, according to the Center for Responsive Politics,” Semafor reports. “Two of her five biggest corporate donors were law firms — Paul Weiss, whose chairman is Karp, and Kirkland & Ellis, one of whose senior partners was Harris’ finance chair.”

Other billionaire donors, whom the Democrat Party relies on for huge sums of campaign cash, are throwing support behind Harris as well, including George Soros and his son Alex Soros and LinkedIn co-founder Reid Hoffman, who admitted last year to visiting Jeffrey Epstein’s island.

https://www.breitbart.com/politics/2024/07/23/corporate-darling-wall-street-billionaires-line-up-back-kamala-harris/
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Offline DefiantMassRINO

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Wall Street Billionaires place bets on all sides to hedge their risks.  That's why no Wall Street heavyweights got criminally prosecuted for 2008/2009 Financial Crisis.  They were let off easy by paying civil fines with other people's (shareholders, customers, taxpayers) money.
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Online mountaineer

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #2 on: December 10, 2024, 11:12:14 pm »
What the heck is Blackstone all about? That this clown was a Harris supporter tells me it's not anything good.

Blackstone has officially acquired Tricon Residential bringing the amount of single family homes they’ve purchased to roughly 53,448 homes.
They are expanding “To buy 800 houses a month”

https://twitter.com/WallStreetApes/status/1866619850828943781
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Online berdie

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #3 on: December 10, 2024, 11:19:07 pm »
I almost agree with the "no desire to own a home" statement. From what I read and hear most would prefer to rent and maintain mobility.

So maybe that's the angle? :shrug:

Offline Smokin Joe

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #4 on: December 11, 2024, 04:35:28 pm »
I almost agree with the "no desire to own a home" statement. From what I read and hear most would prefer to rent and maintain mobility.

So maybe that's the angle? :shrug:
Must be a different breed of cat, here. They'd rather own and be able to predict their bills and have that stability. Rents here went from $400/mo to $1600/mo during the last boom, and have settled down to about $800 now. Housing went up, but remains in demand, to escape rent and have equity in the long run. Two income couples are often predicating their budgets on only one income and what he would get if laid off before he found something (anything) else. (Women's jobs tend to be more stable in oil patch towns).
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Offline DefiantMassRINO

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #5 on: December 11, 2024, 05:12:26 pm »
No, Blackstone is increasing the price and cost of housing by removing available singel family homes from the marketplace, aka racketeering.
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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #6 on: December 11, 2024, 05:38:40 pm »
Must be a different breed of cat, here. They'd rather own and be able to predict their bills and have that stability. Rents here went from $400/mo to $1600/mo during the last boom, and have settled down to about $800 now. Housing went up, but remains in demand, to escape rent and have equity in the long run. Two income couples are often predicating their budgets on only one income and what he would get if laid off before he found something (anything) else. (Women's jobs tend to be more stable in oil patch towns).

Never did understand the economics of collecting a pile of rent receipts. Still don't.
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Offline jmyrlefuller

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #7 on: December 15, 2024, 12:57:03 pm »
I almost agree with the "no desire to own a home" statement. From what I read and hear most would prefer to rent and maintain mobility.

So maybe that's the angle? :shrug:
in this economy, being tethered to one place is a weakness. That's also a factor in why there are fewer children being born.
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Offline Smokin Joe

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #8 on: December 15, 2024, 01:00:27 pm »
in this economy, being tethered to one place is a weakness. That's also a factor in why there are fewer children being born.
So live out of your Prevost.  :shrug:
Nomadic lifestyles really do suck compared to having a stable home base. 
Admittedly, that depends on your personal situation (family vs single, etc).
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #9 on: December 15, 2024, 01:22:13 pm »
What the heck is Blackstone all about? That this clown was a Harris supporter tells me it's not anything good.

Blackstone has officially acquired Tricon Residential bringing the amount of single family homes they’ve purchased to roughly 53,448 homes.
They are expanding “To buy 800 houses a month”


Blackrock?  Their leader Larry Fink is the literal godfather of ESG.  In many ways, he is as complicit, if not more than Soros.  A few years back, I covered this on a thread, and mentioned that conservatives need to fully boycott purchsing any Black Rock Munis.  Until, this gets traction, this POS will continute buisness as usual.
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Offline Kamaji

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #10 on: December 15, 2024, 02:20:31 pm »
What the heck is Blackstone all about? That this clown was a Harris supporter tells me it's not anything good.

Blackstone has officially acquired Tricon Residential bringing the amount of single family homes they’ve purchased to roughly 53,448 homes.
They are expanding “To buy 800 houses a month”

https://twitter.com/WallStreetApes/status/1866619850828943781

There are about 82 million single family homes in the U.S.   At 800 a month it would take then 100,000 months to purchase that inventory.  That’s more than 8,000 years. 


Are they really going to corner the market for single family residential homes at that rate????

Offline LadyLiberty

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #11 on: December 15, 2024, 04:47:56 pm »
I live roughly a mile from a new Tricon development -- Tricon Verandah.  All the homes are 3-4 bedrooms and they were all built to be rentals, so it's not as if Blackstone has bought homes that were previously owned and turned them into rentals when they bought Tricon, they were already rentals.

https://triconresidential.com/community/tricon-veranda/?crm_source=google&crm_medium=PaidSearch&crm_campaign=&crm_content=697976066280&crm_keyword=tricon%20veranda&crm_adgroup=&crm_device=c-&gad_source=1&gclid=EAIaIQobChMI87y78ZuqigMV9B5ECB0VZhwVEAAYASAAEgK5B_D_BwE

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #12 on: December 15, 2024, 05:28:03 pm »
I live roughly a mile from a new Tricon development -- Tricon Verandah.  All the homes are 3-4 bedrooms and they were all built to be rentals, so it's not as if Blackstone has bought homes that were previously owned and turned them into rentals when they bought Tricon, they were already rentals.

https://triconresidential.com/community/tricon-veranda/?crm_source=google&crm_medium=PaidSearch&crm_campaign=&crm_content=697976066280&crm_keyword=tricon%20veranda&crm_adgroup=&crm_device=c-&gad_source=1&gclid=EAIaIQobChMI87y78ZuqigMV9B5ECB0VZhwVEAAYASAAEgK5B_D_BwE

Blackstone....   The New Pottersville.

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Offline Weird Tolkienish Figure

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Re: Corporate Darling: Wall Street Billionaires Line Up to Back Kamala Harris
« Reply #13 on: December 15, 2024, 08:31:28 pm »
All of this has come about for one reason: we don't have enough housing in this country. We need to limit people coming into the country and we need to build more housing. For nearly all people it is the number one expense by far: your rent or mortgage payment.