Trump Turnaround: Wall Street Forgives and Forgets

The transcript discusses the rapid shift in sentiment among Wall Street bankers following Donald Trump's election. Initially upset by Clinton's loss, bankers quickly embraced Trump's presidency, anticipating tax cuts and deregulation. The discussion highlights the distinction between Trump's policies for big banks versus community banks and the inclusion of Goldman Sachs veterans in Trump's transition team. The conversation also explores market reactions and the potential impact of regulatory changes, particularly concerning the Federal Reserve and Wall Street's influence.

What role do Goldman Sachs veterans play in Trump's transition team?

What concerns do bankers have regarding potential changes in regulation under Trump?