Wall Street’s Deliberations on President Biden’s Candidacy
President Biden’s support among Wall Street backers seems to be waning, causing concern within the financial community. Prominent figures such as Larry Fink of BlackRock, Robert Rubin, Jon Gray of Blackstone, Peter Orszag of Lazard, Blair Effron of Centerview Partners, and Robert Wolf are reportedly deliberating on the future of Biden’s presidential race.
Contrasting Views with Hollywood
While some media moguls have publicly called for Biden to step aside, Wall Street donors are taking a more discreet approach. High-profile individuals like Reed Hastings of Netflix, Barry Diller of IAC, director Rob Reiner, and media heir Abigail Disney have voiced their opinions. However, the finance sector values discretion and seeks to maintain influence within the Democratic Party.
Insights from Wall Street Leaders
According to sources, Wall Street executives are discussing various scenarios regarding Biden’s candidacy. One CEO mentioned the “inevitability” of Biden stepping aside, emphasizing timing and positioning. Many donors are expressing concerns about the current situation and are contemplating graceful exits to protect Biden’s reputation.
