Wall Street’s Close Ally in Senate Is in Crosshairs of Democrats
- North Carolina’s Thom Tillis has embraced industry’s wish list
- In tough re-election bid, opponents blast his pro-bank stance
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Wall Street banks have found few politicians who will stand up for them in Washington since the 2008 financial crisis turned the industry into a villain. Senator Thom Tillis is an exception.
The North Carolina Republican has been an aggressive advocate of de-regulatory policies that would save giant lenders billions of dollars. He once defended Goldman Sachs Group Inc. -- famed for its swashbuckling dealmakers and traders -- as a firm that probably employs “a lot of little guys.”