The finance world is treating the prospect of a President Sanders much like it generally dismissed a possible President Trump in 2016
An avowed democratic socialist narrowly won the New Hampshire primary, propelled by promises to jack up taxes on the rich, nationalize health care and take a sledgehammer to the nation’s banking behemoths.
It’s a perspective similar to the stance many held on Wall Street about Trump’s prospects in 2016. Andwould seem to rebut the assumption among the Masters of the Universe that Sanders can’t beat Trump. In private conversations, top Wall Street executives, even those who lean Democratic, are far more blunt about Sanders, saying his nomination would essentially guarantee a second Trump term.
That fear would be based less on the idea that Sanders as president could be effective in securing sweeping legislation — enacting much of his sweeping platform of national health care and bank breakups — and more on the idea that he could twist the levers of regulation sharply away from Trump’s aggressively free-market policies that have helped juice stock prices to record highs.
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