Should We Welcome Back Wall Street?

A recent New York Times Sunday Review featured an article by my good friend, William D. Cohan, author of The House of Cards and the forthcoming Why Wall Street Matters. The article, Welcome Back Wall Street, points out President Trump’s vilifying Wall Street throughout his campaign and his present about face- which is now welcoming Wall Street’s “financial guidance” with open arms.
William (Bill) pointed out that at a recent Strategy and Policy Forum meeting, the group’s chairman and billionaire co-founder of the Blackstone Group, Stephen Schwarzman, was seated to the right of Mr. Trump with Jamie Dimon, the chairman and chief executive of JPMorgan Chase, directly across from him.
Mr. Trump, whose intentions are to “modify” (read gut) Dodd-Frank, was quoted as saying, “There’s nobody better to tell me about Dodd-Frank than Jamie,” … which according to Bill may “presumably mean that there was nobody better to help dismantle Dodd-Frank than Jamie.”
Regards,
Richard
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