Bizblogger

Site for Free Markets and Free People

Thursday, January 21, 2010

Obama Talks Big Banks; Market Tanks

As if on cue, just as the U.S. banks are beginning to show signs of recovery, Obama inserts himself into how banks should trade and manage risks. The stock market then tanks.

Can't he take another foreign trip or something?

*Update*
Obama: no bank should have proprietary trading. Say what? How about no bank should be allowed to be profitable too?