Wall Street’s Best Blue Wave Defense Is Crew of Trump Holdovers
Wall Street executives fretting that Democrats will sweep the White House and Congress can take comfort -- some of the Trump era’s most bank-friendly regulators might stick around no matter how the election goes.
Here’s why Wall Street has decided it’s fine with Democrats sweeping the election
President Donald Trump has tried to portray himself as an economic savior, and warned that Joe Biden winning the election would be a disaster for jobs and businesses. But according to Politico, Wall Street executives don’t agree. Many of them are now actively rooting for Democrats to sweep the 2020 election — because Republicans have […]
Wall Street banks and their staff are leaning left
October 27, 2020By Pete SchroederWASHINGTON (Reuters) – Wall Street banks and their employees have been leaning left in recent years, increasing the proportion of cash allocated to Democrats. Some of that has been prompted by the industry’s bid to rebuild the bipartisan support it enjoyed before the 2009 financial crisis, which turned many Democrats against the industry. Here is the breakdown for the 2020 election cycle, based on data compiled b…
"President Trump loves to say that if Joe Biden wins the White House, stocks will crash, retirement accounts will vanish and an economic depression ‘the likes of which you’ve never seen’ will engulf the nation. But much of Wall Street is already betting on a Biden win — with a much different