Wall street higher amid mixed messages on trade war
This 바카라사이트is a new era of Washington in which economic and foreign policy are going to be defined by the outcome of the presidential campaign. But it is also the first time when Wall Street has been a major player in elections. It was certainly a factor last November, when former Goldman Sachs banker Jeb Bush led Bernie Sanders by 19 points among those who invest in Wall Street, according to the Bloomberg Politics poll. The poll showed Bush trailing among those who own stocks, but Bush won those with the biggest balance sheets.
Since then, Wall Street has been the driving force behind an aggressive push for new legislation to curb the power of big banks. Even before the Senate confirmed Trump’s commerce secretary nominee, Scott Pruitt, as Oklahoma’s attorney general, he appointed three of his top advisers to work on a proposal to crack down on what advocates say is excessive trading in the stock markets. The effort received bipartisan support in Congress when the Senate passed a bill in June that would impose new restrictions on big banks. But Republicans and Democrats in Congress have spent weeks crafting legislation that would further weaken the financial industry and allow for taxpayer bailouts of failed banks.
The new bill is being pushed by Senate Democrats, including senators Chuck Schumer of New York and El바카라izabeth Warren of Massachusetts. One Democratic senator, Chuck Schumer of New York, has warned that the current legislation is only half the battle and that more must be done. “We are fighting a war for your futures,” Schumer wrote in a letter to President Trump earlier this year.
Even as they’ve been working to influence the legislative process, top Wall Street officials have been speaking candidly about their feelings about the economic situation.
“If you’re going to have the country become the greatest financial system on Earth, it cannot remain jarvees.comthe world’s financial system,” Jamie Dimon, CEO of JPMorgan Chase, told Bloomberg’s Sraphan Raval on Wednesday. “The American people are demanding it.”
Another Wall Street veteran, John Thain, told Bloomberg’s Raval that Trump’s election has given him confidence that his efforts to reform Wall Street have a chance to succeed. “The economy is still pretty bad,” he said. “I have not yet been discouraged, but I understand why people feel that way.”
In his book about the financial crisis, “Flash Crash,” former New York City and now Wall Street trader John Voisine, who has also served as director of the Treasury Department’s Office of Management and Budget, warned that the country could face another downturn in the nea