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Asset Based Loan

Is Wall Street rooting for Romney?

A question that has been asked is Wall Street rooting for a Romney victory?

There are quite a few reasons to think so.   For one, Corporations are almost always in favor of less regulations.   Mitt Romney has certainly expressed his desire to roll back regulations on companies.  In addition, Wall Street and many corporations in general believe that Romney will be more Corporate friendly in general.    While Romney has not come out directly in favor of eliminating the newly formed department of Consumer protection, he, like all other Republicans have expressed their disdain for the department when it was created.

On the other hand, Republicans were against the bailout, which saved many bank and Corporations.   In spite of the bailout, Corporations clearly prefer Romney over Obama.