My business partner was a huge Obama fan. He wasn't a dumb guy and ran his share of the business fairly well. It's just any Obama policy that directly impacted us negatively was excused as better in the long run. Remember the IOU's government contractors were given in exchange for product or services? We never quite made up for the costs of running the company for free those couple of years.
I can see some of these banking CEO's who knew they were forced into buying low yield treasuries in the face of raising rates. They believed their guy wouldn't allow them to become hung out to dry.
The big guy will step in and demand lower fed rates, (just like Trump did) restoring the underlining value and they would unwind their positions. They'll be called heroes for keeping the faith.
Me?? I'll never trust a viper!