WASHINGTON ― Democrats used to see Jamie Dimon as one of the good guys on Wall Street. Within hours, the president had signed an executive order calling for federal agencies to scour a 2010 Wall Street reform law for regulations that could be nullified. But there was important symbolic meaning to Trump’s daylong celebration of Wall Street. After a festival of fraud on Wall Street, Obama went easy on the financial sector, refusing to prosecute bankers for criminal wrongdoing. In thanks, many of those “fat cats” who once swore allegiance to the Democratic party are now allying themselves with Trump and Bannon.

Source: Huffington Post February 05, 2017 11:00 UTC