Warren's Wall Street Bashing May Crimp Fundraising

Tuesday, 23 Aug 2011 01:04 PM

By Newsmax Wires

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Former White House official Elizabeth Warren, who is considering a bid for the Democratic nomination for the Massachusetts Senate seat of Republican Scott Brown, made her reputation taking on Wall Street. But that will make it tough for her to raise money from the financial services industry, which has a strong presence in Boston, if she indeed decides to run for the Senate next year, The Hill reports.

Brown already has been building up cash reserves in expectation of a strong challenge. Warren, who didn’t hesitate to take on big banks during her work as a watchdog of the bank bailout and creator of the Consumer Financial Protection Bureau, could be forced to rely on grass-roots support.

"I think it's pretty clear she's going to run the classic, grass-roots campaign," said Mary Anne Marsh, a longtime Democratic operative Massachusetts. "That means she's going to rely on folks here to give low-dollar donations here a number of times."



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