ECONOMY: Stocks Fell After Obama Proposed New Bank Regulation
Posted by FactReal on January 21, 2010
|WELCOME TO OBAMANOMICS!
Today, Obama announced his new regulation to limit the size and scope of banks.
The result? Stocks took a nosedive.
Should government decide the size and scope of your business/employer’s business?…Of your profit/salary?
Stocks slid Thursday after the president proposed new regulations that would restrict large banks’ investing activities.
The Dow Jones Industrial Average closed down 213 points at 10390,
Shares of Bank of America
All fell more than 4% on a day