Tension grows in Wall Street as Donald Trump could actually win the Republican nomination for president as reported on Democraticunderground.com. Donald Trump, the real estate billionaire, was once viewed as an amusing summertime distraction. On Sunday, Trump, who took another populist shot by ripping into lavish executive pay of corporate America and with it, his stock continues to rise in the polls. Jeb Bush, one of the would-be Wall Street saviors, is now languishing in single digits. The belief that "Trump's candidacy would quickly fade is now evaporating in a wave of fear."
As cited on Politico.com, the Blackstone Advisory Partners vice chairman and a senior figure on Wall Street, Byron Wien said: "I held four lunches for investors in August and at the first one everyone assumed Trump would implode. By the fourth one everyone was taking him very seriously. He taps into frustrations that are very real and he is a master manipulator of the media."
One large Wall Street firm CEO, who refused to be identified, said the assumption in the financial industry stands that something will gradually knock off Trump and then send voters towards a more established candidate. However, such assumption is no longer upheld with strong conviction. As reported in an article on Politico.com, the anonymous CEO said: "I don't know anyone who is a Donald Trump supporter. I don't know anyone who knows anyone who is a Donald Trump supporter. They are like this huge mystery group. So it's a combination of shock and bewilderment. No one really knows why this is happening. But my own belief is that the laws of gravity will apply and those who are prepared to run the marathon will benefit when Trump drops out at mile 22. Right now people think Trump is pretty hilarious but the longer it goes on the more frightening it gets."
Above all, a number of Wall Street executives couldn't say what might dent Trump's appeal or when it might happen.
