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Stocks drop after Trump says he's actively considering breaking up big banks
CNBC.com ^ | 5/1/2017 | CNBC Staff

Posted on 05/01/2017 9:59:01 AM PDT by gwjack

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To: Responsibility2nd

Your welcome, my FRiend. We certainly live in interesting times.

Fox News (Cavuto) just reporting in the Bloomberg.com interview that Trump is looking at raising the gas tax. Speculation at this point is to earmark the increase for infrastructure spending.


21 posted on 05/01/2017 10:13:01 AM PDT by gwjack (May God give America His richest blessings.)
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To: Wuli

Agree with Wuli.


22 posted on 05/01/2017 10:14:20 AM PDT by TheTimeOfMan (A time for peace and a time for war)
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To: McGavin999

Very true. And the democrats said they were just helping the little people.


23 posted on 05/01/2017 10:14:20 AM PDT by Rusty0604
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To: gwjack

JFK paid with his life for having such thoughts


24 posted on 05/01/2017 10:14:39 AM PDT by drypowder
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To: bk1000

Every move down begins with a small drop. Check out the bank ETF chart at the attached link of the drop/reversal just today. Some wait for the crash, others look above them to see if anything is falling.

http://www.cnbc.com/2017/05/01/us-markets.html


25 posted on 05/01/2017 10:17:14 AM PDT by gwjack (May God give America His richest blessings.)
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To: Responsibility2nd

Not something CNBC is likely to report without reason for certainty.


26 posted on 05/01/2017 10:19:06 AM PDT by 9YearLurker
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To: Lorianne

Not sure i agree, but it’s a matter of scale. Make them all small enough to fail, send the message that you will NOT bail them out and then let the individual risk managers decide which direction that individual institutions will go. the good ones will flourish and the bad one will fail. just like they are supposed to do.


27 posted on 05/01/2017 10:20:46 AM PDT by calljack (Sometimes your worst nightmare is just a start.)
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To: wiseprince
"Nothing Trump wants is in the CR and what he does through EO is blocked by the courts. Let me know if Trump ever gets control of the government then maybe things can change. Unless and until that happens it’s business as usual. In a year from now thi forum will be filled with people telling us to stay the course."

Too true. He did get 12 billion in increased defense spending, but that seems about it. Those who say this is a Trump victory or part of some great scheme we don't understand are becoming blind cheerleaders. We need to see what is happening and not happening and not just salute the rhetoric.

28 posted on 05/01/2017 10:23:20 AM PDT by Truth29
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To: gwjack

When the media attributes stock market motion to a political event, I pay no attention. They are generally lying.


29 posted on 05/01/2017 10:23:55 AM PDT by I want the USA back (Cleverly destroying leftist idols with great gusto.)
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To: gwjack

Do It!

If we are going to have a Federal Reserve banking cartel, and the US Taxpayer bailing out banks, then break them up.

Return to the practice (forsaken after WWII) of all Commercial Banks being subject to double liability.

Make all other investment and speculative activities legally excluded from Federal Reserve open market operations and special programs, and outside of any bailouts from from Fed.gov.


30 posted on 05/01/2017 10:24:45 AM PDT by PGR88
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To: PGR88

Sell Mortimer, Sell.


31 posted on 05/01/2017 10:25:56 AM PDT by EQAndyBuzz (Nuke Bilderberg from orbit. It's the only way to be sure.)
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To: gwjack

We don’t need any three card monte here from Trump. He needs tell the Congress his veto pen is ready if they send up that turd budget. His and country’s future hangs on it.


32 posted on 05/01/2017 10:26:32 AM PDT by Mouton (We have the best elected governments that money can buy)
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To: gwjack

Big business hates freedom. Crony capitalism is welfare for suits and ties.


33 posted on 05/01/2017 10:27:16 AM PDT by SoFloFreeper
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To: gwjack

Remember after the last crash when the pols promised to bust up all the financial institutions that were “too big to fail”?

Then the pols bailed them out with taxpayer money and forgot about their promises.

Now the “too big to fail” banks and other financial institutions are all bigger and more powerful than ever.


34 posted on 05/01/2017 10:27:58 AM PDT by Vlad The Inhaler (Best Long Term Prepper Tactic: Beat The Muslim Takeover - Have Big Families)
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To: gwjack

This is the Andrew Jackson of the 21st Century! Please read G. Edward Griffin’s “The Creature from Jekyll Island”! It’s the true answer to finally stopping the spread of Socialism and the blood that feeds it (i.e. The Fed Reserve and the unlimited power to create fiat currency)! This is actually the BEST News to come after the Election! Trust me!


35 posted on 05/01/2017 10:29:25 AM PDT by freddy005
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To: drop 50 and fire for effect

Re: “Governmental regulatory policies (including the Fed) favor large institutional banks.”

Millions of completely satisfied consumers - like me - also favor large institutional banks.


36 posted on 05/01/2017 10:31:03 AM PDT by zeestephen
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To: PGR88

Do It!

If we are going to have a Federal Reserve banking cartel, and the US Taxpayer bailing out banks, then break them up.

Return to the practice (forsaken after WWII) of all Commercial Banks being subject to double liability.

Make all other investment and speculative activities legally excluded from Federal Reserve open market operations and special programs, and outside of any bailouts from from Fed.gov.
__________________________________________________________________

Well put! I only wish more people, on OUR OWN side, would completely understand the nature of the Federal Reserve (a “Private” banking cabal/cartel) and why its the reason why we’re struggling to defeat socialism in the Western world including in our own country!


37 posted on 05/01/2017 10:35:21 AM PDT by freddy005
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To: gwjack

“Interesting. “

Yes. Considering that most of mine including banks are up for the day.


38 posted on 05/01/2017 10:35:44 AM PDT by TexasGator
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To: bk1000

My Gawd, that’s awfullll


39 posted on 05/01/2017 10:37:09 AM PDT by Vendome (I've Gotta Be Me - https://www.youtube.com/watch?v=wH-pk2vZG2M)
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To: Truth29; wiseprince
So, we get someone in office who is demonstrably more conservative than 99% of Congress, and Congress fights him. This is not on him, it's on you and us to address this with our CongressCritters.

A year from now you will be belittling Trump supporters for appreciating everything he is successfully doing, while your butts will be untouched as you armchair quarterback for another year.

Cruz is even worse. Wake us up when that Tub-O-Lard gets the Senate to do something. We know he can do fake filibusters, well, at least.

40 posted on 05/01/2017 10:40:30 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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