The DOW dropped like - fill in the juicy metaphor - today. Investors have caught wind that Obama might be turning the screws.
Its going to get inner-resting.
Reuters: Wall St drops as Obama takes aim at banks
...their worst session since late October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.
2 comments:
Yea, bringing in Volcker is spooking the traders. Paul plays hardball.
This is the point, nothing is going to happen. I doubt that Obama can change Wall Street culture. He's not powerful enough.
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