Aside from Hillary Clinton herself, there is perhaps nobody in Washington, D.C., more upset by her loss to Donald Trump than Sen. Elizabeth Warren (D-MA). After all, Warren has railed against Wall Street at least as much as Hillary has.
So it should be no surprise, then, that Warren would equally rail against a Wall Street “hedge fund billionaire” “Trump fan,” as she continues to try to cope with Hillary’s loss.
Just one problem.
The hedge fund manager against whom she railed not only publicly fought against Trump’s election, but was a vociferous supporter of Hillary, as well.
The “hedge fund billionaire” is Whitney Tilson, author of “The Art of Value Investing.”
As reported by The New York Times, Warren said about Tilson, in a Facebook rant:
“[Tilson is] thrilled by Donald Trump’s economic team of Wall Street insiders. [He] knows that, despite all the stunts and rhetoric, Donald Trump isn’t going to change the economic system.
The next four years are going to be a bonanza for the Whitney Tilsons of the world.”
Tilson, whom NYT says is “far from a billionaire,” donated $1,000 to Hillary so he could see Warren speak at a fundraiser. He was obviously “perplexed” by her attack.
“I’ve donated money to her, attended her events, and did everything in my power to stop Donald Trump.
In addition, I agree with her 100 percent that large swaths of the financial industry have run amok and prey on vulnerable Americans, and thus strong regulation, including a muscular Consumer Financial Protection Bureau, is sorely needed.”
So how did Warren so mischaracterize Tilson?
As NYT puts it, she “appears to be suffering from the same affliction that Trump’s critics accuse of him: a knee-jerk, fact-free reaction to something she had read in the news.”
The news she read was a Bloomberg article, in which Tilson appeared to be defending Wall Street bankers. At least as far as Warren determined, that is.
“I think Donald Trump conned them,” in reference to voters. “I worried that he was going to do crazy things that would blow the system up. So the fact that he’s appointing people from within the system is a good thing.”
Apparently Warren didn’t read “the rest of the story.” He also said:
“I’m a fan of Dodd-Frank, I think banking should be boring. I worry about Wall Street returning to being a casino.”
Certainly, many Democrats are still trying to cope with Hillary’s loss. Tilson appears to have been caught up in Elizabeth Warren’s “knee-jerk” attempt to do just that.