Britain’s opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profits speculators at the expense of ordinary people.Big, scary, socialist Jeremy Corbyn is scaring those poor banksters.
Morgan Stanley cautioned investors on Nov. 26 that political uncertainty in Britain was a bigger threat than Brexit given the risk of Corbyn winning power and then dismantling what was once seen as one of the world’s most stable free-market economies.
“Bankers like Morgan Stanley should not run our country but they think they do,” Corbyn, a 68-year-old socialist, said in a video posted on Twitter that showed the towers of the City of London and Canary Wharf financial districts.
“So when they say we’re a threat, they’re right: We’re a threat to a damaging and failed system that is rigged for the few,” he said.
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Now many investors fear Corbyn, who was once dismissed by his own party as an out-of-touch peace campaigner with no hope of ever winning power, could win the top job if the political turmoil continues in London.
One senior executive at a top U.S. investment bank said that at a meeting in New York recently concerns over Corbyn trumped concerns about Brexit.
“Their top concern was not what’s happening in Germany and Spain, or North Korea and Trump: their main concern was what’s happening in the UK and what Corbyn might mean for the country,” the executive, who spoke on condition of anonymity said.
They are afraid that they won't be able to keep looting.
My heart bleeds borscht for them.
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