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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