November 2, 2016
THE BUSINESS CANDIDATE:
Hillary Clinton: Wall Street's favorite enemy (Amanda Becker, 11/02/16, Reuters)
[W]all Street appears unperturbed by the prospect of a Clinton presidency. In fact, the banking industry has supported Clinton with buckets of cash and stocks have sold off on days when the Clinton campaign stumbles. Privately, bankers say that they trust her to remain a pragmatist who will keep the current regulatory regime laid down by the Dodd-Frank Wall Street reform legislation passed in 2010."I don't think Clinton wakes up thinking about Wall Street," one senior banking industry lobbyist said.There are hints in apparently leaked email discussions among Clinton's campaign staff that bankers are not far off the mark when they count on her to tread lightly.Pressed during the campaign by progressive Democrats to call for a revival of the Glass-Steagall Act that would require separation of commercial and investment banking, Clinton ultimately refused. She also weighed another progressive favorite - a tax on financial transactions- but instead recommended a far narrower plan to tax only canceled orders by high speed traders.
Change nothing else but her party identification and Donald's and she'd be at 70% with Republicans. As is, she's going to deservedly get record GOP support.
Posted by Orrin Judd at November 2, 2016 2:39 PM
