Wall Street isn't worried about Hillary Clinton's plan

CNN

Election 2016: Your money, your vote

Wall Street isn't worried about Hillary Clinton's plan
by Heather Long
October 8, 2015

Hillary Clinton unveiled her big plan to curb the worst of Wall Street's excesses on Thursday. The reaction from the banking community was a shrug, if not relief.

While Clinton proposes some harsher regulations, she stops far short of what more populist Democrats like Bernie Sanders and Elizabeth Warren want to do to Wall Street.

"We continue to believe Clinton would be one of the better candidates for financial firms," wrote Jaret Seiberg of Guggenheim Partners in a note to clients analyzing her plan.

Wall Street is comfortable with Clinton approach

"To us, [Clinton's] overall plan demonstrates an understanding of the financial system that we have not previously seen on the campaign trail," Seiberg wrote.

Part of the reason Wall Street has some comfort with Clinton is because of her advisers. When it comes to financial issues, she has often turned to Gary Gensler, a former Commodity Futures Trading Commission chair, and former Congressman Barney Frank, the co-author of Dodd-Frank. The financial world knows both of them well.

Wall Street also takes comfort because of the record of President Bill Clinton.

http://money.cnn.com/2015/10/08/investing/hillary-clinton-wall-street-plan/?iid=EL