Ex-Trump official reveals buyer’s remorse among Wall Street insiders

U.S. President Donald Trump with White House press secretary Karoline Leavitt, at the White House in Washington, D.C., U.S., March 11, 2026. REUTERS/Brian Snyder

The worlds of business and high finance have been huge backers of President Donald Trump and his political agenda throughout the years, but as one former Trump official claimed to Bloomberg, many of them now "regret" giving him their vote as his second term has put the economy in a "very vulnerable state."

Anthony Scaramucci emerged as one of the most memorable alumni of Trump's first administration, both for his big personality and his minuscule time on the job, being fired as White House press secretary after just 10 days and spawning a half-joking measure for all other Trump firings. Since that brief and tumultuous time, he has emerged as an outspoken critic of Trump, making numerous media appearances to shred his chaotic agenda, while also backing Democrats in the 2020 and 2024 elections.

On Friday, Bloomberg published a new interview with Scaramucci, digging into his thoughts on the state of the country under Trump's second term and the blue wave suspected to be approaching in the midterms. While he agreed with most predictions about the House flipping to the Democrats in a big way, he stopped short of making the same call for the Senate, given the states in play on this year's map.

Scaramucci confirmed that he remains a registered Republican, despite the damage he believes that Trump has done to the party. When asked why he does not spend more time finding a replacement for Trump at the head of the GOP instead of backing Democrats, he said that it comes down to the threat that the president poses, and added that his friends on Wall Street are regretting their support for him.

"Trump is too dangerous. It’s funny, all my Wall Street buddies voted for him and now they’re regretting the fact," Scaramucci said, clarifying that "most of people are," when pressed about whether it was "all" of them, or just some.

Digging further into the situation, Scaramucci highlighted the economic ruin that Trump has brought about in his second term, despite the fact that some on Wall Street are doing well for themselves in spite of things.

"I’m of the belief that prices are higher. We have an oil crisis. He imposed illegal tariffs, which raised the pricing umbrella for all the lower-middle-income people that voted for him," Scaramucci explained. "He’s put us in a very vulnerable state as a country and an economy. If you want to make the case that the banks have record profits in the short term, sure — but he’s also suing some of the banking executives. You are losing the predictive capability of our justice system — what our civil rights are, what our free speech rights are. It’s very, very bad for business."

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