It’s been a very good year for Wall Street. The S&P 500 reached record highs week after week, and analysts are upgrading U.S. profit estimates at a brisk pace. The finance industry spent nearly twice the amount of any other industry on campaign contributions in the 2017-2018 electoral cycle so far, and their investment in Trump and the GOP is clearly paying off.
From the article:
“But the important work of defending Dodd-Frank consumer and investor protections must not be the end of the story.”
Dodd-Frank is to Glass-Steagall as Obamacare is to H.R. 676.
There’s a much better article by Nomi Prins today on this subject.