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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (1088099)9/13/2018 1:14:41 PM
From: puborectalis1 Recommendation

Recommended By
sylvester80

  Read Replies (1) | Respond to of 1584527
 
On the campaign trail, he slammed Wall Street for " getting away with murder." He vowed to break up the big banks and force the finance guys to pay higher taxes. His final campaign ad showed ominous photos of the New York Stock Exchange and the CEO of Goldman Sachs and proclaimed it was time to put an end to the political and business elites that have "bled our country dry."




That message resonated deeply with voters who have watched Wall Street bonuses and stock prices come roaring back after the financial crisis while middle class wages have stagnated.

But President Trump has done a rapid U-turn on big banks in his first 100 days. He's embracing Wall Street now, not shunning it. He's stacked his cabinet with Wall Street types (especially from Goldman Sachs). And instead of talking about breaking up banks, he's focused on rolling back a lot of regulations on them.