How to Combat “Right” Thinking
This would mean more than just short-term political discomfort for Wall Street firms. If vilifying the leading companies of this sector is allowed to become an unchallenged centerpiece of a coordinated Democratic campaign, it has the potential to have very long-lasting political, policy and financial impacts on the companies in the center of the bulls-eye. It shouldn’t be surprising that the Democratic party or even President Obama’s re-election team would campaign against Wall Street in this cycle.
However the bigger concern should be that Republicans will no longer defend Wall Street companies-and might start running against them too.