“What people care about is they want a more pro-business regime—that’s it,” one of the city’s most important hedge fund managers said in a very brief interview.
But between dread about sovereign debt, the housing market, unemployment, third-quarter losses and deflation—if not inflation, too—it does not seem impossible that another financial crisis could somehow happen again. And if Wall Street gets its way, it will have nudged into power a party that has deafeningly proclaimed the evils of government intervention.
Does Wall Street’s support of a party that’s openly pledged not to save them mean it has accepted it shouldn’t be bailed out again? Interviews with executives suggested not, for three reasons. They think that another crisis won’t happen, or that if it does, they will not need another bailout because of reforms, or that if they do, our country’s leaders would oblige, no matter who’s in power.