Goldman Sachs Shares Up 4.5% after Trump's Orders on Dodd-Frank
Source: Razor Forex Trading
Investment bank stocks had one of their best days on Friday after President Trump signed an executive order to start rolling back the 2010 Dodd-Frank bill, which was passed in the aftermath of the 2008 financial crisis.
One of the biggest gainers today was Goldman Sachs Group with a whopping 4.57 percent gain on the day, closing at $240.95. This was one of the biggest one-day spikes in GS shares, second only to the 5.94% surge on November 9, 2016, which was driven by Trumps electoral victory.
As of today, Goldman shares are only about $10 away from taking out the all-time high at $250.70, recorded on October 29, 2007.
Read more: http://www.razor-forex.com/2017/02/goldman-sachs-shares-shoot-up-45.html?m=1
It's about to be a Goldman Sachs Wall Street Robber Barons, feeding frenzy
And everyone wants in on the action
laserhaas
(7,805 posts)are focused.
Is the grounds for impeachment the "clear and convincing" standard...
Or is it "beyond all reasonable doubt"?
just sayin.....
Dustlawyer
(10,495 posts)Trump needs to consult those of us who they have ripped off!
It wouldn't do any good!
laserhaas
(7,805 posts)Could ecplain things
IronLionZion
(45,453 posts)and he still hasn't released his tax returns. He clearly has something to hide.
mdbl
(4,973 posts)Bad enough they have most of the country's wealth, now they have to take what little is left from old people trying to save for retirement. What a bunch of pigs.
It will be a slaughter
Like the movie coming out with Morgan Freeman and buddies getting their Union retirement yanked
Can he do this with JUST an executive order??
laserhaas
(7,805 posts)Must have the authority
I guess
BumRushDaShow
(129,096 posts)They only instruct agencies how to carry out the law.
In this case, the "roll back" is most likely reducing or eliminating enforcement of the law.
Congress would have to make any changes to the law or repeal it.
delisen
(6,044 posts)We are all equal in the new workers paradise and as before some are more equal than others.
Bernardo de La Paz
(49,005 posts)Expect to see more of that because financial companies won't be blocked earlier in the process.
http://www.democraticunderground.com/10141690421
laserhaas
(7,805 posts)But take 1 frighing dollar from the rich
and be damned!
C_U_L8R
(45,003 posts)Business is built on trust. Especially the financial business.
And with no protections or assurances that we won't be swindled,
there is absolutely no reason to give them our business.
It may not collapse overnight but drip drip drip people
will instinctively pull away.
IronLionZion
(45,453 posts)Since we should always ignore recent history and never learn from past mistakes
louis-t
(23,295 posts)Gleefully rubbing their little money-stained fingers together in anticipation of Round 2. Grab your wallets and run.
Bayard
(22,099 posts)The people that bring on the crashes have their money hidden in offshore accounts. They're not affected by the havoc they bring.
laserhaas
(7,805 posts)and then Goldman Sachs will get its comeuppance