The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
But I think underneath that, yeah, the business class clearly is powering.
The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
By the way, think about just the power of the crypto community.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
In terms of even getting somebody like President Trump elected, frankly, or creating and changing some of the laws around things like crypto.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
So, yeah, I think the business community has an extraordinary amount of influence today that to some degree is similar to what was going on in the 20s.
The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
You know, I was surprised at just how frequently...
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
Some of these CEOs would just be literally sitting in the Oval Office on the phone with President Hoover or Roosevelt.
The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
Roosevelt, too, by the way.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
People think that Roosevelt was some kind of progressive who hated business.
The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
He was in there with these guys all the time, too.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
So not that different than some of the meetings that President Trump is having today.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
Not on his bingo card.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
I do not think that was on the Schwartzman bingo card.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
So I wonder, like, with the President Trump dynamics here, like, what that does to, like, the power dynamics of Wall Street versus... Well, I think what's unique now is that this president sort of uses his power in a way that no president, I think, in modern history has.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
And there has been less of a governor in terms of Senate or Congress, you know, to shift that balance.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
And so...
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
It's very – interestingly, I talk to a lot of CEOs just in my day job.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
That's what I do.
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
And I used to think that people of enormous means, I mean people of billionaires and whatnot, would have great independence and ability to push back, to say whatever they want, to feel free to do whatever they want.
The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
That's what the – that's –
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Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era
People talk about F you money.