Wall Street Panic: Trump Could Win
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Wall Street is terrified that The Donald could be the Republican nominee.
(Photo by Spencer Platt/Getty Images)
The latest frightening broadside for the Wall Street class came on Sunday when Trump said on CBS’s “Face the Nation” that executive pay in America is “a complete joke” and promised to raise taxes on “the hedge fund guys.” In a statement sent to POLITICO on Monday from his campaign, Trump relished in the attacks from Wall Street, singling out both Bush and Democratic front-runner Hillary Clinton, another favorite on Wall Street.
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Trump’s skill at tapping into populist discontent with all major U.S. institutions — including Wall Street — has financial executives increasingly dismayed at the GOP front-runner’s staying power and long-term impact on the party even if he doesn’t get the nomination.
…“I don’t think Trump is going to win, but I do worry about all the damage being done to Republicans among Hispanics and women by him being such an idiot,” said a senior executive and major GOP fundraiser at a large bank who also declined to be identified by name. “Everyone thinks he is a buffoon and a bombastic loudmouth who won’t be around at the end. But the concern is that he is still at 30 in the polls and he is going to hang around for a while and do a great deal of damage.”
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