In the few days since the presidential election was decided late Tuesday evening, there has been much speculation as to how the result will affect the banking industry. Does an Obama re-election mean more regulations for the industry? Does this mean key aspects of Dodd-Frank will not be overturned? And how will the outcome affect the economy? Bank Systems & Technology has compiled some of the best quotes from the financial services industry about how the election results may affect the future of banking.
November 09, 2012
5. Policy Affirmation
The Federal Reserve, like the Supreme Court, pays attention to elections and they got an implied vote from the American people about policy interventionism. And so in some sense it validates the more accommodative stance the Fed Reserve took starting in December.
— Vincent Reinhart, Morgan Stanley's chief U.S. economist, after the election.
Source: New York Times
