Top corporate CEOs in America are described as fearful of political retaliation and regulatory consequences if they criticize President Donald Trump or his policies. A climate of anxiety is said to exist among technology executives who worry about attacks from the White House and obstacles to mergers before government agencies. The concern is framed as a potential repeat of the 1929 Wall Street crash, with confidence loss seen as the mechanism that leads markets to spiral. While some economists argue Trump’s market-linked success will prevent a 1929-style event, the response emphasizes uncertainty about how control is lost. A crash is presented as inevitable, with timing and severity unclear.
"Most CEOs in America today are very scared to speak out publicly about anything, Sorkin said. They are so worried that they are going to be potentially attacked by the administration or regulated. They're going to have a merger in front of some agency that's not going to be allowed to go through. They are so nervous about criticizing anything that's going on with this administration."
"There are some economists who suggest that because Mr. Trump ties his success to the success of the market, that he's not going to let anything like what happened in 1929 happen, Stahl said, and that we should feel secure because of that. I think it's hard to know how things get out of control, he replied. When confidence disappears, it happens like this."
"When pressed directly on whether another crash like the 1929 disaster could be ahead, Sorkin response was blunt: The answer is, we will have a crash. I just can't tell you when, and I can't tell you how deep. But I can assure you, unfortunately, I wish I wasn't saying this, we will have the crash, he said."
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