During the first presidential debate, a Yahoo Finance poll found that 80% of voters believed Mitt Romney gave a stronger performance than President Obama. Among the praise and critiques of both candidates, one important question has emerged: what will happen to Wall Street if Romney wins in November?
"I think they have pretty much more or less settled on what the regulations are going to be," said Andrei Knight, hedge fund expert, founder, and Senior Currency Strategist at fxKnight.com. "If Obama is re-elected we're going to see more enforcement. Thus far they have kind of just passed the rules and tested the waters, but so far they have not been very aggressive about enforcing it. If Obama wins I think we will definitely see more enforcement of the rules because the election will kind of be the public's confirmation that yes, we are on the right track. That would embolden the regulators and we'd see more enforcement. [But] if Romney wins we would definitely see Dodd-Frank [revisited] and possibly repealing some of it."
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