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?
I bet they are pissed.. lol!
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.