This week the FDIC pulled the plug on five more banks. That's nine so far this year.
Along with the lousy unemployment figures, the ongoing anger against the banks, and the creeping realization that the Wall Street recovery has not yet hit Main Street, our peerless leader, has decided to join in the massive populist anger.
Real or not, it's still better late than never.
In addition, the move to regulate banks might just sit well with at least some of the "Tea Party" crowd.
What will the Republicans do? Will they prove that THEY, and not those upstart Democrats are REALLY the party of MONEY, and oppose ALL regulation?
In other words ----- how insane has our "governing process" become? Does anyone give a shit about the CITIZENS of this Republic? Or is absolutely everything going to the already rich and wealthy?
Q2 GDP Tracking: Solid Early Look
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From Goldman:
We lowered our *Q2 GDP tracking estimate by 0.1pp to +3.3% (qoq ar)* and
our domestic final sales estimate by the same amount to +2.7% (qoq ...
3 hours ago
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