Democratic ‘Tea Party’ May Put Bank Debate in Spotlight: Analyst

Issues such as breaking up big banks, a financial transaction tax and free college tuition may get more attention as Democratic Party moves “further left,” Guggenheim Securities Washington analyst Chris Krueger writes in note.

  • This yr could see rise of left-oriented “Tea Party” movement, as politicians such as Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, Vt. independent making Democratic presidential bid, push a more “anti-corporate” agenda than seen during Bill Clinton-Robert Rubin era
  • “The clear lack of enthusiasm with Hillary Clinton’s presidential candidacy only underscores our belief that this shift is already underway,” Krueger says
  • “Ultimate signal” of Democratic Party realignment would be if Vice President Joe Biden ties a presidential run around a Warren endorsement