Joe Biden will return to Wall Street for fundraisers after climate town hall

[melman]

Former Vice President Joe Biden is heading back to Wall Street for two fundraisers Thursday, the day after he participates in a climate change town hall.

Biden has shown a willingness to court big money and corporate-linked donors, even as his campaign tries to distance him from lobbyists. His main rivals for the 2020 Democratic nomination, Sens. Bernie Sanders and Elizabeth Warren, have rejected hosting these kinds of top-dollar fundraisers.

Biden will be hosted on Thursday by real estate executive Jack Rosen and his wife, Phyllis, for a cocktail party, with tickets at $2,800, according to people with direct knowledge with the matter. Rosen is the CEO of Rosen Partners and president of the American Jewish Congress, a group dedicated to defending Jewish interests in the U.S. and abroad. A video of Rosen’s accomplishments as the organization’s leader has him pictured with Biden and former President Barack Obama.

The longtime real estate executive also has ties to Russian billionaire Mikhail Fridman. In 2011, The Wall Street Journal reported that Fridman and Rosen were partnering to invest into U.S. properties worth $1 billion. Fridman and a few of his Eastern European business allies control Alfa Group, one of Russia’s largest privately owned consortium. Rosen was named to the international advisory board of Altimo, the telecommunications investment arm of Alfa Group in 2007.

That same day, Biden will be heading to the home of investment banker David Solomon, the invitation says. Solomon is a partner at family run investment firm Hildred Capital Partners. Tickets for this event also go up to $2,800. The company website says it has an interest in private equity. Solomon’s colleague Andrew Goldman, a co-host of the event, was once a senior advisor to Biden when he represented Delaware in the U.S. Senate. After working with Biden, he later co-founded Western LNG, a natural gas production and transportation company out of Houston, Texas. Biden was one of at least 18 candidates to pledge not to take campaign contributions from the fossil fuel industry.

https://www.cnbc.com/2019/09/04/joe-biden-goes-to-wall-street-for-fundraisers-after-climate-town-hall.html

[stonecutter357]

1. good let's go Joe !

[democratisphere]

2. It is all about winning as many voters as possible to defeat the scourge

that is drumpf.

[Otto Lidenbrock]

3. why is it biden is the only candidate who has the same topics posted as multiple threads?

[melman]

5. I posted this because people were dismissing the other one due to the source

[MarcA]

28. Thank you for doing so.

Of course you get the usual spins and denials from the excuse makers,
but that just shows how desperate the campaign and their $ponsors are.

[myohmy2]

29. +1

…

[emmaverybo]

10. Good question. I also notice.

[George II]

11. It's de rigueur for some.

[LincolnRossiter]

4. Think I'll donate another $200 tonight. Joe's gonna have to keep hustling for moola to win.

Costs a lotta cheddar to compete nationally in a competitive primary. I’m glad that Joe has plenty of small dollar donors like me steadfastly supporting him. But I understand that he needs the fundraisers as well.

Thanks for another Biden thread. One thing about being on top is that you learn to tolerate the haters.

[Green Line]

8. I donated already today

Think I have to do it again tonight.

[SCVDem]

6. Only $2,800?

Such a deal!

[George II]

9. That's the FEC maximum per person. All the other candidates have accepted the maximum too.

[SCVDem]

15. I guess I'm thinking

of tRump's numbers.

Aren't his $50K a plate?

[George II]

19. I believe those fundraisers are not for him his campaign, but for committees that will ultimately...

...support him in the General Election.

[SCVDem]

22. Makes sense

Thanks!

[LincolnRossiter]

14. I know, right?

Too bad I have a young family and can’t get to New York this week. Plus, the wife might let me donate $2800 over the course of the election, but not in one drop.

[George II]

7. Neither Jack Rosen nor David Solomon live on Wall Street, so that headline is incorrect.

[melman]

16. Are you pretending not to know what Wall Street means?

That's nice.

[George II]

17. When I was in my 20s, many years ago, I worked in a building at the corner of....

...Broad Street and Wall Street. Yes, I know what Wall Street means.

[emmaverybo]

12. Go get that money Joe!

[Joe941]

13. This is concerning.

[WA-03 Democrat]

18. You are so right! Oh my goodness!

$2800 to meet Joe? Why so cheap? I would pay 2X that just to hear the man speak! How lucky and fortunate for the folks who can attend.

We have a racist rapist in the Whitehouse. He lies nonstop and is in love and beholden to the russian mob. 2 Supreme Court nominations were stolen and a gun massacre weekly...BUT HER EMAILS RIGHT!

Do or Die Time!

Get Out The Vote!!

[George II]

20. Bazinga!

[LanternWaste]

31. I dig your consistency in labeling all of Biden's actions 'concerning' and 'troubling'

Which is ironic, as I find your concern concerning.

[betsuni]

21. Obama broke the record for Wall Street contributions in 2008.

Well, where's the evidence that this corrupted him and turned him into a Republican? The ridiculous idea that everyone's corrupt, everyone's bought off, both sides, give up hope.

This Wall St. crap was used to depress the Democratic vote in the last election. Hillary Clinton would no more turn into a deregulating Wall St. shill if president than would Biden, than did Obama. Hillary:

"President Obama took more money from Wall St. in the 2008 campaign than anybody ever had. And when it came time to stand up to Wall Street, he passed and signed the toughest regulations since the Great Depression, with the Dodd-Frank regulations."

[WA-03 Democrat]

24. This election is far from over

Joe will pass Obama and the Blue Wave will be glorious.

Go Joe Go!

Just Win Baby!

[DrFunkenstein]

26. Taxpayers were still bailing out Wall Street, eight years later

NEW YORK -- Eight-years after taxpayers rescued the U.S. financial system, some of the country's largest banks, including JPMorgan Chase and Wells Fargo, continue to receive billions in bailout money, according to government data.

Wells Fargo is eligible for up to $1.5 billion in bailout funds over the next seven years. JPMorgan and Bank of America could receive $1.1 billion and $964 million respectively.

The continuous flow of funds is a remnant of the $700 billion bailout effort, known as the Troubled Asset Relief Program or TARP, put in place during the financial crisis. Some of that money, about $28 billion, was carved out to help distressed homeowners by paying banks to lower their interest rates and monthly payments.

https://www.washingtonpost.com/news/wonk/wp/2016/11/07/taxpayers-are-still-bailing-out-wall-street-eight-years-later/

[betsuni]

27. The government received more money back than it handed out.

[yaesu]

23. say it ain't so Joe, say it ain't so. nt

[Thekaspervote]

25. Go Joe!! We got your back

[Gothmog]

30. I have been invited to a high dollar fundraiser on the day of the debate

I am thinking about going.

[LanternWaste]

32. This is troubling for Bernie.