Pete Buttigieg Turns To Corporate Bundlers To Raise Cash

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South Bend Mayor Pete Buttigieg has become the latest rising star in the Democratic Party as he seeks the nomination for Presidential candidate, but his latest move isn’t one that we should be thrilled about. His sudden rise to stardom has attracted some big time campaign bundlers, including hedge fund managers and banking lobbyists – the same ones who threw their weight behind Obama and Clinton. Ring of Fire’s Farron Cousins discusses this.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Southbend mayor and current presidential candidate Pete Buttigieg Edge, uh, has been pulling in a lot of money now in his first quarter hall, he got about $7 million. But ever since in these last few weeks that the media has been paying more attention to him. Probably more attention than he deserves. But nonetheless, they're paying a lot of attention to him and he's attracting some eyeballs. He's attracting some very important eyeballs, people who have lots of money and people who know people who have lots of money. According to a new report, Pete Buttigieg edge is actually attracting a lot of people who bundled money, hundreds of thousands of dollars in campaign donations for both Barack Obama and Hillary Clinton, and even some who go as far back as John Kerry bundling money for him. And now all those bundlers are starting to give some money and helping to bundle for mayor Pete on the surface. Maybe this isn't horrible cause after all, Pete did pledge.

He's not taking any money from corporate pacs or from corporations or from fossil fuel interests. But unfortunately he didn't say anything about taking money from executives in these industries. He also didn't say he wasn't going to take banking industry money and unfortunately some of these bundlers have either served as lobbyists for major banks or they themselves are actually hedge fund managers and that's a very real problem for mayor Pete. Actually I take that back. That's actually not a problem at all for mayor Pete. It's a problem for the people who are going to be voting because now they have to look at this guy who's become a rising star. He's got some good positions on some policies. He is not quite there yet on medicare for all and that is concerning. But taking money from these Wall Street types, from the hedge fund managers, from people who lobbied for Goldman Sachs,

that's a nonstarter for me. It's a nonstarter for a lot of progressive's. It's a nonstarter for anyone who has had to deal with any of the ramifications from the 20 2007 2008 financial crash and all of the financial scams being run by Wall Street banks during that time. People committed suicide over how badly the bank screwed them over. I think we need to keep that in perspective. I think people need to understand that a little bit better. Big banks rip people off, screwed them out of their life savings out of the retirement funds, out of their homes, and people in this country actually killed themselves because of that. Okay.

Any Democrat who takes money from them, that's it. I'm done. You're not getting my vote. You're not. Those banks have blood on their hands. Those banks still have blood on their hands. Those banks are back to being deregulated to the levels that were prior to 2007 and I don't care if you're not taking money directly from Goldman Sachs. If you're taking money from the people who run Goldman Sachs or who lobby for Goldman Sachs to go out there and do the harmful things that they're doing, then that's no different. That's no different. That's why when Beto O'Rourke said, I'm not taking fossil fuel money, but I'll take fossil fuel money from people who work there. There's really not much difference, folks. There really isn't. Okay.

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