Glass-Steagall: Wall Street is not happy with Donald Trump

It appears there are 2 sides at large here. Keep that in mind while you watch this election. Reviving Glass-Steagall is a bold anti-Clinton move. Think about the 11 states that screamed at the convention (11 out of 50) and apparently lead by none other than the MERS state of Virginia… Gotta make you want to connect some of the dots, yeah?

Justice League

Traders at the New York Stock Exchange watch Donald Trump speaking on TV.I bet they are pissed.. lol!

CNBC:

After the surprise announcement, which came on the first day of the Republican National Convention, Wall Street sources sounded off on the idea that a Republican would reverse course on policies nearly 20 years old and now taken for granted by big banks.

One lawyer, who works with financial institutions on behalf of a white-shoe firm in New York, called the idea “scary.” Even Wilbur Ross, one of the Trump campaign’s biggest supporters from the finance industry, called it “surprising.” Others on Wall Street who spoke to CNBC used stronger language that can’t be printed.

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4 thoughts on “Glass-Steagall: Wall Street is not happy with Donald Trump

  1. You know who mortgage manipulator Wilbur Ross is?

    WL Ross & Co., LLC (“WL Ross”), is a Delaware limited liability fund management company with its principal place of business located in New York, New York located at 1166 Avenue Of The Americas, 25th Floor, New York, NY 10036. WL Ross & Co., signed an agreement to buy H&R Block Inc.’s troubled Option One Mortgage Corp. a mortgage servicing business for $1.1 billion, ranking it the fourth-largest in the nation. Ross then agreed to acquire $42 billion in mortgage servicing rights from American Home Mortgage Investment Corp. American Home Mortgage Servicing Inc. was sold to Wilbur Ross & Co. LLC, as part of the bankruptcy liquidation, in November 2007. The entity was formed by affiliates of WL Ross & Co. LLC in November 2007 for the purpose of acquiring the servicing assets of American Home Mortgage Investment Corp., American Home Mortgage Corp. and American Home Mortgage Servicing Inc. in the bankruptcy liquidation. American Home Mortgage Servicing Inc. changed its name to Homeward Residential Holdings, Inc. Ocwen announced plans to buy Homeward Residential Holdings, Inc. from WL Ross & Co. for $750 million. The acquisition was finalized on Dec. 27, 2012. The Chief Executive Officer of WL Ross & Co. is billionaire private equity investor and turnaround specialist Mr. Wilbur L. Ross, Jr. (“Ross”). Wilbur L. Ross, Jr., is also a member of the Ocwen Board of Directors.

  2. “Reviving Glass-Steagall is a bold anti-Clinton move.” And it is simply pandering to the Sanders supporters since Sanders has constantly discuss the need of bringing the Glass-Steagall bill. Also, Sen. Warren crafted a new Glass-Steagall bill which is of course GOP controlled Senate will never let that happen.

  3. Repealing Dodd-Frank and reinstating Glass-Steagall would be a HUGE step toward returning the Republican Party to it’s roots of simply supporting what’s the right thing to do as opposed the the RINOs who have turned the GOP into Democrat Party #2.

    • Agreed. I think it’s an unexpected, but healthy reform. The transformation of both parties went unnoticed by the constituents – just like the changing or rather manipulation of laws. Listening to the speech it was like a Jackson, Jefferson, Lincoln ticket.

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