Iirc, politics and faction drama in Bloodlines 1 were about power, the masquerade, and how to govern vampire society, not what kind of fetishes are acceptable.
To be honest, *political* side of Bloodlines is kinda goofy.
Camarilla: we are the guardians of order! Thus, clown who want to diablerize the antediluvian is promoted to Prince of entire LA.
Anarchs: fuck Camarilla! We will fight for our freedom! Thus, those guys keep sitting at their shitty bar and whining.
Sabbat: we want to stop the tyranny of Elder ones! Thus, they enlist the most despicable thugs and employ Tzimisce with their unsound methods.
Chinks: we want to take hold in LA. Thus, they buy in all the hoax with the sarcophagus.
The game is basically about Jack swinging all the factions around his rod all laughing while at it.