Wall Street Worries About 2020

Politico: “Top Wall Street executives would mostly love to be rid of President Donald Trump. But they are getting panicked about the prospect of an ultra-liberal Democratic nominee bent on raising their taxes and slapping new regulations on their firms. The result is a kind of nervous paralysis of executives pining for a centrist nominee like Michael Bloomberg while realizing such an outcome is highly unlikely from a party veering sharply to the left.”

“Early support from deep-pocketed financial executives could give Democrats seeking to break out of the pack an important fundraising boost. But any association with bankers also opens presidential hopefuls to sharp attacks from an ascendant left.”