“TRUMP AND WALL STREET: THE TRUTH — Couple of pieces out on Monday from Bloomberg and the New York Times on Donald Trump’s relationship with Wall Street (both are below). But the reality can be summed up pretty quickly: Wall Street loathes the man. While you can find several examples of people who like Trump (Anthony Scaramucci, Larry Kudlow, Carl Icahn), the majority of Wall Street CEOs and rank and file bankers and traders and their lobbyists view Trump as lousy to do business with (because they say he’s cheap on fees an likely to sue) and a massive risk on both foreign and domestic policy. Wall Street types generally don’t like risk.”
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“Dennis Kelleher, President and CEO of Better Markets: “Turning law, logic and common sense on its head, the Second Circuit Court of Appeals overturned a jury decision today because Countrywide’s fraud was not intended years earlier when a contract was signed.”
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To read the full Politico article by Ben White click here.
