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John Thomas Financial CEO Thomas Belesis on Obama’s relationship with Wall Street in his second term.
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Don't Wall Street to be a very tough place up to big money sort of the past couple days but you know these guys of world -- -- degrees and all that you know they're human beings.
And they were hurt during the Obama years doesn't -- fat cats and and that didn't care and they were selfish -- greedy.
So they went back at the president said I don't know you didn't Davidson like that but they got -- -- the guy and they started raising a lot of money to defeat the guy.
And it didn't work because the guy got reelected and -- -- -- -- it was frankly a ringleader of try to get the president thrown out of office.
Hasn't been a target on -- Tom is with jumped on us today Jesus CEO is a former.
Romney super delegate raise a lot of money for Republicans in general so are you feeling like Custer right now.
I'm not -- I mean obviously a lot of people other than hedge funds financial services -- disappoint with the outcome of the election but that's you know and wants -- -- we challenges comes great opportunity.
I think the big issue now is regulation.
That's what all the financial services area has had people within that industry I'm gonna focus on because you have Dodd-Frank into that about only 50% about -- got implemented.
The wrote the president's gonna say we've heard Tom's you know whining about our friends -- some sort of hit it.
He lost.
That those issues were not important to voters the voters didn't give it Qatar this about Wall Street equities that.
You know I say that you know we have to look beyond that I mean he won -- -- spirits where the people spoke now we have to look solid and we have -- the normal Wall Street money help.
I mean.
Leaving it actually -- them you know what I how I think ultimately you know we are a minority now compared to what's happened out there in the world right now now you might be big target you know what you -- about -- no not at all classical -- -- -- -- -- he doing the -- -- -- in a way where it's not gonna come out -- -- in -- -- like he did back in 2008 went for a -- banks.
Put these crazy products together that really blew up the economy.
You know what not that type of business I think the people that are doing the business -- right way.
I'm not gonna have a -- is a matter of fact you know I just Heidi chief risk officer.
From the SEC to come aboard to keep us in touch with the new and -- and on the regulation so that -- actually very few are Smart we did it because you know what that's the time that -- right now we have to be very serious.
But I think at night knowing knowing the president and his people.
In this respect very well because I'm very connected to the landscape in the gardener in the cook.
I think he's a vindictive person I don't say that disparagingly I think when you get to be that powerful.
-- should be -- DNA to be.
Vindictive here's the difference.
He says he's not.
An accurate -- in the battles with fox.
I expected us to be childless it's they wanted to come on fox and -- -- I don't expect my president of the department but he has he -- and -- that you got reelected if it is what it is.
But he's -- not saying I don't pay attention to chatter in the I don't watch box around us but you know everything I've said about it were on a policy.
He repeats back to people I -- -- result -- powerful.
I say -- -- to make this point.
He will not forget how Wall Street.
Went after him and he will not lift a finger for you.
We think about.
Let's look back.
2008 when he got elected Wall Street waste a lot of money.
For Obama and look at the facts and it -- he came out he demonize Wall Street fat cat bankers he sees it only one wanted to correct.
You know why would anyone else think he'd change.
So whatever you did what.
Wouldn't have changed things at that's my belief do you see any hint hint of the growth policy -- -- -- -- dress even this fiscal I do believe.
Based on what's capital less for years he got elected now from the aspect of economy's getting better let's move would follow it but stay with these policy -- now and it bought -- bipartisan approach.
If they can't cooperate both Republicans and Democrats in focus on the overall economy to get people back to work.
You never know what can happen -- -- -- how much I optimists think he could be a bigger person and he's proved to be.
I'm always different for almost a believer that people can change you've been drinking -- economic -- Alright Thomas and see what happens.
-- you're still without power.
I am amazed that you know unfortunately you know hearts and prayers go out to the people that have no homes and it was credible but -- -- -- this team is on top of -- yesterday -- -- back any minute -- on some releases thank you very much.
