Brainy folks were also present in Lyndon Johnson's administration especially in the Pentagon where Secretary of Defense Robert McNamara's brilliant 'whiz kids' tried to micro-manage the Vietnam war with disastrous results.
I've been in and out of Wall Street since 1949 and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.
