Cost-Benefit Analysis

Monday 18 January 2021 - Filed under Uncategorized

The chickens are about to come home to roost. Reuters:

WASHINGTON (Reuters) – Wall Street may be facing an uncomfortable four years after President-elect Joe Biden’s team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated. [Emphasis mine]

Being that Wall Street poured vast sums of their money in to electing Biden, far more than they did Trump (or any other politician in history except Hillary Clinton), perhaps they’re just getting what they deserve. CNBC:

People in the securities and investment industry will finish the 2020 election cycle contributing over $74 million to back Joe Biden’s candidacy for president, a much larger sum than what President Donald Trump raised from Wall Street, according to new data from the nonpartisan Center for Responsive Politics.

Maybe next time you’ll do a better cost-benefit analysis.

2021-01-18  »  madlibertarianguy