Wall Street in the age of Trump
The new president’s deregulation plans could unleash Wall Street growth and have big real estate ramifications, but will he self-sabotage?
(Illustration: Tavis Coburn)
From the New York issue: In the weeks since Donald Trump’s unlikely presidential victory, Wall Street has surged and added a lot of zeros to bank account balances.
The controversial president swept into the White House vowing to deregulate the banking industry and promising a slew of other pro-business policies, including corporate tax cuts.
If there was any doubt about his intentions, he quickly stacked his team with a handful of Goldman Sachs alumni, creating the wealthiest cabinet in U.S. history. [more]