A diary of the thought process behind my investment decisions
Money Well Spent
The rally in the banks was because Barney Frank said that any regulations would be phased in over 3 to 5 years. The banks lobbying dollars hard at work. That was even quicker than I expected. Maybe regulations in 3 to 5 years?
3 comments:
Rally in banks? You mean small banks?
The big banks rallied a couple of percent in the five minutes right after Barney Frank opened his mouth.
Hilarious. You know what I would like to see? Barney Fwank out on his ass just like the Kennedy senate seat.
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