| If the big banks are restricted, then DOW stocks have to purchase funds from smaller banks at higher premiums.
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All 30 stocks on the DOW require loans to function. If the big banks are restricted, then DOW stocks have to purchase funds from smaller banks at higher premiums. Basically, bammy wants to raise interest rates to private industry to curry favor from the socialist crowd. He is too chickenshit to direct the Fed to just raise interest rates. Either way you skin it, bammy is for raising the cost of capital. Don’t know how this will help anything, but it does give bammy an enemy to hate so his supporters don’t start hating him. Its a lose-lose proposition, but its what he knows.
| If the big banks are restricted, then DOW stocks have to purchase funds from smaller banks at higher premiums.
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No company that made the list of the Dow Jones 30 Industrials is confined to the United States as far as borrowing money is concerned. Obama could put all the US banks out of business (and he might); companies would just go to London or Hong Kong to get money.