The Fight Between Texas and Wall Street Is About to Get Bigger
- Gun and oil laws have put some bank deals on hold during boom
- ‘This is much bigger than the municipal bond business’
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Outside San Antonio this month, a veteran of Texas politics got so upset about Wall Street’s retreat from fossil fuels that he compared the oil industry’s fight for funding to the civil rights struggle.
In Dallas, a hedge fund manager trading junk bonds on his iPhone lamented his upcoming move to the posh Highland Park neighborhood, fearing locals might brand him an outsider even though he relocated from New York years ago.