Wall Street operates under the simple principle of maximizing their personal return at minimal risk.
Their main risk exposure is political risk since the financial industry is so heavily regulated and subject to severe financial and criminal liability.
It makes sense to reduce this risk, particularly when the cost can be passed along to the customers and depositors.
As recent history shows, the major players of Wall Street manage this risk by paying for political protection.
I do not feel the need to catalogue the long list the multi-billion dollar scams, shams, and frauds that pass for business as usual on Wall Street. The list of names of the banks and brokerages that have resulted in hundreds of billions of dollars of losses to depositors and investors reads like a Who’s Who of the American financial industry.
The regulators have stood on the sidelines while Congress holds endless hearings.
Ultimately, Wall Street is given a stern warning via a press release and the Congress authorizes billions of taxpayer dollars to bail them out.
The Federal Reserve has dutifully done its part by intentionally sacrificing depositors and investors with years of a zero interest policy to maintain the stock market asset bubble.
It’s a simple system. The politicians provide protection from prosecution, and Wall Street pays the freight to get them re-elected. Or help them to become millionaires when they leave office.
Do you think that Wall Street or the political establishment wants to give this mutually lucrative and beneficial relationship?
Both Wall Street and the political establishment recognize there is a danger to them in this coming election.
Wall Street doesn’t want someone elected as President, who they can’t buy.
Which brings us to Mrs. Clinton and Mr. Trump and who will go along with the pay and play game which has served both Wall Street and the Political Establishment so well for decades.
The Clinton’s have made millions in the family business of selling influence. Holding political office has provided them effectively with inventory which they eagerly sell for cash. Neither of them has any shame.
For Mrs. Clinton, who has no known discernable principles, getting elected to the presidency means she will have an inventory of influence on a global scale that represents potential access to wealth beyond human conception.
She has had 24 years in public life. To Wall Street, she is a sure thing.
Mr. Trump, however, looks to Wall Street like a wild card.
Obviously, he is neither part of the Republican nor Democratic Political Establishment.
He doesn’t appear to have the usual political mindset. How Trump beat the cream of the crop of the Republican contenders has befuddled all the political experts.
Although Mr. Trump has a reputation for many things, one thing that nobody has said is that he can be bought.
Wall Street has already laid out millions of dollars paying Mrs. Clinton for all her vast insight and investment wisdom at the rate of $250,000 for a 20-minute secret talk.
Everybody will have to decide for themselves on which of Mrs. Clinton or Mr. Trump if elected President of the United States will best represent their interests.
As I see it, Wall Street has already made their choice.
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