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Bloomberg) -- The road to the White House in 2020 may entail a war against Wall Street and wealth itself, as polling results encourage more candidates to cast a jaundiced eye toward the financial world, Citi warned in a note to clients.

Some candidates are prioritizing greater accountability for big corporations, while others are concerned that “loosening the reins might foment another financial crisis,” a Citi team led by economist Dana Peterson wrote. Still others believe “banks and their executives were not sufficiently penalized for the 2008-2009 crisis” and that big companies are anti-competitive and “antagonistic towards consumer protection.”

Banks and wealthy individuals are viewed by others as a revenue source for “re-distributional policies, including further tax relief for low- and middle-income persons, and funding priorities from paid leave to jobs programs,” Citi said....

https://news.yahoo.com/citi-warns-war-wa...-153355457.html

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