by Tyler Durden
May 1, 2017 12:57 PM
What Treasury Secretary Mnuchin giveth, President Trump taketh away...
As Bloomberg reports, President Donald Trump said he is actively considering breaking up giant Wall Street banks, giving a push to efforts to revive a Depression-era law separating consumer lending and investment banking.
0810ET: *MNUCHIN SAYS `THANK ME' FOR RECENT RISE IN BANK STOCKS
0951ET: *TRUMP SAYS HE'S ACTIVELY CONSIDERING BREAKING UP BIG BANKS
The reaction is clear as the machines dump the Big banks...
“I’m looking at that right now,” Trump said Monday in an interview with Bloomberg News in the Oval Office. “There’s some people that want to go back to the old system, right? So we’re going to look at that.”
Thanks to: http://www.zerohedge.com