Is Trump a Bigger Threat to Wall Street Than Sanders?

by Tho Bishop

And then there was one.

Proving once again that the endorsements of celebrities and sports heroes is more important than politicians, Donald Trump dominated the Indiana primary, prompting the official end of Ted Cruz’s and John Kasich’s campaigns. While his victory means the Trump-brand headache continues in the halls of power in Washington DC, there is perhaps no area of the country that has more to worry from a President Donald Trump than Wall Street. In fact, in spite of the rhetoric from Bernie Sanders, the other Indiana victor, Wall Street would likely rather Feel the Bern than Make America Great Again.

After all, for all the time Sanders has spent (fairly) railing against the Too Big to Fail Banks, he has never come close to diagnosing the core of their strength: the Federal Reserve and the protections they receive from the Federal government. Instead, the Bernie Sanders interpretation of the financial crisis that has all the nuance of the theatrical version of Facebook meme: big banks got greedy and government didn’t do enough to stop it, with policy prescriptions that match.

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