What was routine in finance could prove toxic in politics.
Some of Steyer’s record has yielded bad publicity over the years as he weighed runs for elected office in California. But his entry into the presidential race on Tuesday and his vow to spend $100 million of his own money on his campaign will draw fresh scrutiny to the means he used to amass what Forbes estimates to be his net worth of $1.6 billion.
“I do feel he has demonstrated substantial good faith in that yes, he made a lot of money from bad places, but he’s been very, very open about the fact that he’s turned over a new leaf and is no longer taking money from those bad places and is instead spending to do good,” Miller said. Gray Davis won California’s Democratic primary for governor in 1998 after portraying rival Al Checchi as a, firing thousands and forcing thousands more to take pay cuts.
“I'm a bit tired of seeing billionaires trying to buy political power,” Sen. Bernie Sanders of Vermont told MSNBC. Both Sanders and Warren, who frequently rail at what they see as unfair advantages for the super-rich, have declined to take money from Wall Street donors.
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