Why Bankers Should Fear Donald Trump

justiceleague00's avatarJustice League

WASHINGTON — In almost any other election cycle, bankers would be celebrating the fact that a Republican candidate has emerged so far in front of the pack and would quickly fall in line behind him.

But New York real estate mogul Donald Trump’s Super Tuesday victories are cause for concern, not celebration, in the industry. His rhetoric, record and temperament make him a uniquely ill-suited Republican candidate to earn banker support, and those who do back the outspoken businessman are likely to soon regret it. Here’s why:

1. Trump is not committed to regulatory relief, Dodd-Frank repeal — or any other bank priority.

While most of the Republican candidates in the race have avoided discussing Wall Street reform or the financial crisis, almost every one at some point endorsed a repeal of the Dodd-Frank Act and pledged regulatory relief for community banks. (Sen. Marco Rubio, R-Fla., was the first…

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Whistleblowers Challenge Candidates: Stand Against Wall Street Fraud

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Crossposted from Common Dreams

Isaiah Poole

Four people who have been at the center of some of the nation’s biggest Wall Street scandals have come together to send a message to the 2016 presidential candidates: Pledge to stand against Wall Street fraud and corruption – not just with words, but with the kind of actions that Americans have long expected but have yet to see.

The four veterans of battles with banksters – Gary J. Aguirre, William K. Black, Richard M. Bowen III and Michael Winston – on Thursday called on the candidates to not take contributions from financial companies or officers that have been charged with fraud, particularly related to the 2008 financial meltdown. They have also outlined a set of actions that they say will “restore the rule of law” on Wall Street. They have formed a new organization, Bank Whistleblowers United, to move that agenda forward.

“We…

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