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The establishment is trying to stop Donald Trump, but they have failed.
Wall Street's opposition to Donald Trump is crumbling, according to a new report.
They are now “trying to come to grips with the fact that Trump could be the nominee.”
As Donald Trump surges towards the Republican nomination, many Wall Street executives have made the calculated decision not to speak out against him, and in some cases, to challenge Democrat Joe Biden. More than a dozen people said they would consider supporting the former Republican president over the president. I am familiar with the matter.
“A lot of people on Wall Street have been living in a pipe dream that Trump won't win the nomination. People were in the first stages of that. [grief],denial. Now they're trying to get around the fact that Trump could be the nominee,” said the private equity firm executive. Like others mentioned in this article, the executive was granted anonymity to provide details of private conversations.
This view is shared by much of Wall Street, which is scrambling to make sense of the idea that Mr. Trump is likely to become the Republican presidential nominee and could beat Mr. Biden in November. It reflects the way people see things. Real Clear Politics' average Sunday poll had Mr. Trump leading Mr. Biden nationally by about 2 percentage points in the general election.
“It pains me to admit this, but Wall Street is basically oblivious to this election,” longtime Wall Street executive and former Trump communications director Anthony Scaramucci said in a recent interview with The Hill. Told.
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