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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: Truth29; ExTexasRedhead

“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. “

True, but for the life of me, it’s only been 100 days, and everyone thinks that in that time Trump should have perfected “walking on water,” and be getting everything he wants. My advice to you all is take a good look at the GOPe a$$holes you elected last year while you were voting for Donald Trump, and ask yourself if you really did your part to abet the changes he wants to make. I will wager that for the most part, you think your GOPe Congressman and or Senators are the “good guys” and all the rest are the “real problem.” I mean Paul Ryan is an absolute piece or $hit, who polls nationally in the low 20’s, but in his district he could be seen with an underage boy in a public bathroom and still get re-elected! And don’t get me started on Bitch McScrotumneck’s romp over Matt Bevin two years ago! All of you need to “Get Real!”


41 posted on 05/01/2017 10:41:13 AM PDT by vette6387
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To: gwjack

CNBC=NBC. Maybe he said it, maybe he didn’t. They’re part of the subversive liars corporation.


42 posted on 05/01/2017 10:43:31 AM PDT by WKUHilltopper (WKU 2016 Boca Raton Bowl Champions)
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To: gwjack

US STOCKS-Wall St moves higher...

Reuters May 1, 2017

At 12:30 p.m. ET (1630 GMT) the Dow Jones Industrial Average was up 14.35 points, or 0.07 percent, at 20,954.86, dragged down by a one percent fall in Boeing.

The S&P 500 was up 6.5 points, or 0.27 percent, at 2,390.7 and the Nasdaq Composite was up 37.71 points, or 0.62 percent, at 6,085.32.
43 posted on 05/01/2017 10:45:56 AM PDT by Brown Deer (America First!)
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To: drypowder

That was the Federal Bank.


44 posted on 05/01/2017 10:48:29 AM PDT by New Jersey Realist (America: Home of the Free because of the Brave)
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To: Vlad The Inhaler

We have passed the point on singularity with the big banks.

The only way to turn back the clock is to ban all political contributions by banks world-wide (and yes that means “speaking fees” to Hillary and Obama).

Then no bank executives or board members should be allowed to serve in the government and no government officials should be allowed to serve as executives or board members of banks—total lifetime ban in both directions.

Then, _maybe_ we can crawl out of the singularity of bank dominated economies.


45 posted on 05/01/2017 10:50:08 AM PDT by cgbg (Hidden behind the social justice warrior mask is corruption and sexual deviance.)
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To: McGavin999
There is a "Laffer Curve" when it comes to regulations....

Having No regulations can lead to huge monopolies just like have too many can lead to huge monopolies.

Replace Tax Revenue with # of Banks and Tax Rate with # of regulations.

46 posted on 05/01/2017 10:59:10 AM PDT by GraceG ("It's better to have all the Right Enemies, that it is to have all the Wrong Friends.")
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To: gwjack

YES!!!!


47 posted on 05/01/2017 11:01:33 AM PDT by NRx (A man of integrity passes his father's civilization to his son, without selling it off to strangers.)
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To: gwjack

Maybe that MAGA thing really was serious.


48 posted on 05/01/2017 11:04:18 AM PDT by thoughtomator
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To: freddy005
Federal Reserve.... the reason why we’re struggling to defeat socialism in the Western world including in our own country!

The Federal Reserve benefits banks - and government. The Federal Reserve is the pillar of the progressive, collectivist, socialist nanny-state.

49 posted on 05/01/2017 11:04:19 AM PDT by PGR88
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To: Responsibility2nd

> If that is true, then how is this “Big Banks” fault?

If you think the “Big Banks” are your friends, I invite you to head over to OpenSecrets.org and check out who the top funders of people like Barack Obama and Chuck Schumer are.


50 posted on 05/01/2017 11:05:53 AM PDT by thoughtomator
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To: New Jersey Realist
You are correct, JFK was spoke of closing the Federal Reserve Bank, the Mother Bank. It's owners essentially control the Wall Street banks, thus the entire US monetary system. If in doubt, what do you believe would happen to a Wall Street Bankster who decided to go rogue?
51 posted on 05/01/2017 11:18:57 AM PDT by drypowder
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To: gwjack

Dow, Nasdaq and S&P are all up.


52 posted on 05/01/2017 11:22:35 AM PDT by mountn man (The Pleasure You Get From Life, Is Equal To The Attitude You Put Into It)
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To: thoughtomator

You are right. One of the downfalls of “crapitalism” is the same as dictatorship. A ruling elite emerges and they have the ability through “donations”, “support”, and outright bribes to sway those who make and implement policy for their own benefit.

Our banks are necessary and essential. However, they put profit first and the well-being of Americans second. When they are as powerful as we have allowed them to be they will dictate policies that are good for them and the nation is a distant second. The creation of the Fed made a private bank the most powerful bank in the world. It was a mistake then and a mistake we are forced to live with now.

There are pros and cons to almost every policy change we can make. With that said, fixing what is wrong with our banking industry is a “must do” for the President - especially if he wants to drain the swamp. I don’t pretend to have the answers, but I know this President has what I think is the best cabinet on financial matters in my lifetime. They know what they are doing so I will wait and see what happens.


53 posted on 05/01/2017 11:28:44 AM PDT by volunbeer (Clinton Cash = Proof of Corruption)
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To: volunbeer
To put it succinctly, we need banks, but we don't need these banks, and we definitely don't need these types of bankers.
54 posted on 05/01/2017 11:32:15 AM PDT by thoughtomator
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To: vette6387

No he isn’t being criticized for not getting everything he wants, but with this, he is getting almost nothing from this CR except for a repudiation of his budget and additional restrictions on funds for a border wall:

https://www.google.com/search?q=64dd&tbm=isch&imgil=_pmvyXfzAEkn6M%253A%253B7Ez9MLofHdy3vM%253Bhttps%25253A%25252F%25252Fwww.giantbomb.com%25252Fnintendo-64dd%25252F3045-101%25252F&source=iu&pf=m&fir=_pmvyXfzAEkn6M%253A%252C7Ez9MLofHdy3vM%252C_&usg=__L92JmZ5qngp7oa5KUJuKsB_Jrks%3D&biw=1366&bih=662&ved=0ahUKEwjyvOigqc_TAhXHg1QKHd98D08QyjcIXg&ei=HX4HWbK6EMeH0gLf-b34BA#imgrc=_pmvyXfzAEkn6M:


55 posted on 05/01/2017 11:36:58 AM PDT by Truth29
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To: gwjack

Better idea. Break up big government. Smaller, less spending and fewer people.


56 posted on 05/01/2017 11:42:47 AM PDT by mulligan
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To: gwjack

Too big to fail means too big to exist


57 posted on 05/01/2017 11:43:07 AM PDT by omega4412
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To: Truth29

So tell us all, what would you have done? Make a government shutdown the only news being covered?


58 posted on 05/01/2017 11:51:54 AM PDT by vette6387
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To: PGR88

The Federal Reserve benefits banks - and government. The Federal Reserve is the pillar of the progressive, collectivist, socialist nanny-state.
____________________________________________________________________

Amen! It amazes me that a lot of people (even here) don’t understand that breaking up the big banks, auditing the Federal Reserve, and eventually giving the American citizen another option to an alternative currency, to the Dollar, that’s actually backed by something real like precious metals- is the ONLY solution! You CAN NOT have “small government” so long as the Federal Reserve exists!!


59 posted on 05/01/2017 11:52:27 AM PDT by freddy005
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To: WVMnteer

“or he is going to learn that not every thought needs to be broadcast”

If a man hasn’t learned that by age 70, I don’t think it’s likely to happen.


60 posted on 05/01/2017 11:53:03 AM PDT by Boogieman
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