Allegedly investors are throwing a turd fit surrounding the threats of Obama clamping down on some "financial products."
Reuters: Stocks drop as investors shun risk
...Obama...will propose stricter limits on financial risk-taking in a move that may recall curbs on banks resulting from the 1930s Great Depression.
3 comments:
Its the threat of the Volcker monster returning! Its about time Obama stopped listening to Summers and Geitner and started listening to someone who actually knows what he's talking about. the other to are just Goldman / Rubin flunkies. The markets though sense that the party is over for the greed heads at least for the moment.
So they tank the DOW in protest? WTF.
Tantrum time.
Yep. their a strange bunch aren't they.
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