Blankfein Calls Out Wall Street for Ignoring Trump’s Character
- Many in industry harbored concerns about president’s flaws
- But they muted criticism as he cut taxes and eased regulation
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Former Goldman Sachs leader Lloyd Blankfein is taking the financial industry to task for failing to speak out sooner against President Donald Trump, whose administration juiced Wall Street profits but is now winding down in violence.
Many in finance don’t support Trump. But most were willing to look past the president’s character -- on full display this week, as he incited a mob that stormed the U.S. Capitol -- in exchange for tax cuts and weakened regulation that helped drive markets through the roof.