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FBN’s Charlie Gasparino on why some Wall Street executives are supporting Romney for President.
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We're also monitoring a very busy a southern story about of course is the RNC.
Wall Street honchos I think supporting Mitt Romney because they don't like being called fat cats or are they expecting big things.
For Romney administration Charlie gets freed has the latest Charlie -- -- told -- specifically those fat cats.
-- behind Mitt Romney a 100% sort of I want.
I don't know a bit a big -- of their -- behind him tremendously it's more than what anybody thought.
I mean they are prone the whole the whole bucket in the except for you know a few out liars Larry Fink at BlackRock.
You know Bob wolf we used to be at UBS that -- at UBS anymore I mean Wall Street is going to -- medias what they want.
They want Dodd-Frank.
To at least be whittled down they believe in a Romney administration.
Particular -- the Republicans -- at least one house of congress you're gonna have Dodd-Frank being whittled down tremendously.
I have it'll be sort of a slow -- in the implementation.
May be a re re interpretation of the rules including the Volcker Rule -- for friends proprietary trading that is trading.
-- their own money with their capital with their own capital.
That's what they're expected from arrived probably administration.
If the Republicans take all three house -- keep the house take the senate take the presidency.
A lot of people say it is a good shot this could be a complete rewrite of Dodd-Frank.
Now that's there sort of hope.
You know a lot of things you have between now and then Romney is nominally ahead in some polls obviously presidents the president.
He's still he's still got the edge here but that's what they're -- -- if there is -- -- frenzy we should point out if there if if there is -- -- currency.
What -- Paul -- -- in the debate about finance reform ever.
Thanks very good with numbers but not just finance reform.
The whole notion -- break -- up the banks I told you guys first that will be a discussion.
Romney is not really in favor of break -- up the big banks at least that's the word.
He's given people on Wall Street.
Ryan is a -- is a wild -- is come apple you know he spoke he seems like he's saying he -- why -- -- -- drastic but that he suggests that maybe there should be a break up for the banks.
That's where we are right now that they break up the bank stuff.
-- -- it is gonna be intercede if there is a Romney presidency because Paul Ryan is in that debate.
Cannot -- -- he's not a bigger is better necessarily type of guy if you listen to some things he's been saying.
-- -- -- -- -- -- -- -- Republicans get all three.
Wall Street is banking on a very good chance that the gets -- -- or thrown out essentially.
Republicans keep to house.
And and the presidency where it they're talking about winnowing it down.
The most onerous parts may be getting pushed aside or sort of watered down in the process of legislative rewrite anyway that's where we are right now -- back to.
All right Charlie it's gonna be intimacy and obviously now but we -- the noise behind the momentum is building so now it's it's getting in the full thing it's going to be great for this.
Is this is this is just the warm this is this is more to come exactly are right -- fund and that's going to be great people watching Kelly desperate alive of course from great drink you whether you think that the -- I -- well.
