Bloomberg’s Cohan: Hillary Is ‘Very Loyal to Wall St., Wall St. Is Very Loyal to Her’

LIU: “On a final note, though, Bill, on another subject.”
COHEN: “Yes.”
LIU: “We were talking about Hillary Clinton and her Wall Street reforms which she announced yesterday in an op-ed. Tomorrow, we’ve got another set of reforms on M&A. What do you make of that?”
COHEN: “Everything she has suggested is just on the margins. She is not talking about fundamental reforms, which is not surprising for Hillary Clinton. She is very loyal to Wall Street and Wall Street is very loyal to her.This is just tweaking around the edges —“
LIU: “Then you just discounted —“
COHEN: “First of all, it’s one thing to propose changes that are on the margins. Getting them implemented is a totally different thing that requires an act of Congress and the president to sign a law or bill.”
LIU: “Absolutely.”