Bank Stocks Tumble After Trump Says "Open To Breaking Up Big Banks"

Tyler Durden's picture

What Treasury Secretary Mnuchin giveth, President Trump taketh away...

0810ET: *MNUCHIN SAYS `THANK ME' FOR RECENT RISE IN BANK STOCKS

 

0951ET: *TRUMP SAYS HE'S ACTIVELY CONSIDERING BREAKING UP BIG BANKS

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.

“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.”

The reaction is clear as the machines dump the Big banks...

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Dr. Engali's picture

Trump says a lot of things, but actually ends up doing the opposite. BTFD

FreeShitter's picture

Trump is becoming the new gartman.

Life of Illusion's picture

 

 

XXXX ET

CARL ICAHN MAKES A KILL

FrozenGoodz's picture

Actively considering another cup of coffee

Mtnrunnr's picture

Its real easy to time the market when you're the POTUS.

Luc X. Ifer's picture

T was a better choice than H, even if that meant only hurting badly and heavily bleeding the Dems establishment, this is a positive outcome by itself as it forces people into a realist retrospective and reassessment. However, everybody shall awaken and understand that Trump is a master of trolling and he knows to use perfectly social media and public declarations to generate effects which indeed are not the ones perceived by the wast majority of people receiving the message. So, yes, don't expect anything to develop literally as per T's words, try to see what he is looking to obtain, most of the time, in my observation, he is looking to generate a reaction in the ones he's targeting with the wording, exactly old school sales man technique.

 

JRobby's picture

The US Economy can not move forward with the albatross of the TBTF's involved. Period!

NugginFuts's picture

"It's 5D chess, duh! What don't you plebs understand? Trump is a genius!" /s

FireBrander's picture

Trump Report Card, May 1, 2017

 

Graded for publicly stated policy as well as actual implemented policy:

 

Grade: F  Subject: Neutering Warmongering NeoCons

Grade: F  Subject: Russian Relations

Grade: F  Subject: ISIS

Grade: F  Subject: "Health Industry" reform.

Grade: F  Subject: "phenomenal" tax plan 

Grade: F  Subject: NATO

Grade: F  Subject: "Jail that Bitch"

 

Grade: C  Subject: Making America Great Again

Grade: C  Subject: North Korea

 

Grade: A  Subject: Deportation of Criminal Illegals.

Grade: A  Subject: Supreme Court Nominee

Grade: A  Subject: Global Climate Change

Grade: A  Subject: TPP

Grade: A  Subject: Border Security

Grade: A  Subject: Fair Trade

Grade: A  Subject: Breaking (criminal) Big Banks

 

spastic_colon's picture

Bank Stocks Recover All Losses As Market Considers The Source

Gorgeous's picture

Hate to say it but TPP and Climate Change have been hauled out to the cart but aren't quite dead yet.

sleigher's picture

"Grade: A  Subject: Supreme Court Nominee"

Neil Gorsuch was a term member of the CFR and listed on the 2008 membership roster.  I would say that is a C- as we have to wait and see.  Definitely not an A until we see how he rules on some of the big cases.

FireBrander's picture

These are not final grades...so they can change.

The reason I gave an A is because Neil is 1000x better than anyone Hillary would have appointed; if Neil seriously disappoints, I'll drop the grade.

Mtnrunnr's picture

The nomination of Gorsuch was a violation of the constitution

soyungato's picture

Grade Z: for having appointed a lying bitch to the UN, shaming the US.

piliage's picture

Yea, that Syria bombing was Spock-like in its brilliance.

If he shuts down the government and tells the Republicans and the Democrats to go fuck themselves until they sort out the budget and break up the banks, he might move out of the suck catagory.

Until then, he's just another dead log in the swamp.

DieselChadron's picture

I think trump might be schitzophrenic.

 

JRev's picture

Trump is, at the very least, Bart Chilton, Jr. Who controls the BIS is beyond me, but it's clear the BIS controls America. 

mavenson's picture

Satan controls the BIS, that's why his identity is so protected.

https://www.youtube.com/watch?v=2gK3s5j7PgA

BaBaBouy's picture

Anoder Day, Anoder Twitter Promise ...

Bay of Pigs's picture

They call him Flipper Flipper, faster than lightening...

https://m.youtube.com/watch?v=azEOeTX1LqM

FireBrander's picture

It's a big job; steep learning curve...would you prefer someone that NEVER changed thier views?

Sure, some of his changes have been for the worse, but he's human; still doing a 100x better job than Hillary.

Potato Farmer's picture

Trump, stop teasing.  I can't take it anymore.

NugginFuts's picture

Tired of the foreplay? I'm not sure you'd like the real thing much better. 

SubjectivObject's picture

We're being played

Red herring for the stupid proles, and red meat for the volatility starved algos

Peacefulwarrior's picture

Even if comment taken at face, it would take years to implement

peopledontwanttruth's picture

He (Trump) probably can't believe what he's "told" to say each day he wakes up when he opens his daily envelope.

zorba THE GREEK's picture

And after breaking up the banks, several public hangings would be welcomed

new game's picture

going nowhere fast, really fast, as fast as a speeding bullet to the head...

Arnold's picture

I'll take a piece of that.

--Action Jackson

BigFatUglyBubble's picture

wow that was a nicely coordinated pump and dump front-run

1stepcloser's picture

Start with the FED

DEMIZEN's picture

i am not giving on trump yet.

Giant Meteor's picture

First honest to go belly laugh in days, that's all it took ...

OK ...

LMAO

Dr. Engali's picture

You  do realize you've been played by the swamp from the beginning right? No? I didn't think so.

DEMIZEN's picture

maybe. all the talk aside ill put my balances and his actions down, and crunch the numbers. all i am saying is i am not giving up on him just yet. nothing horribly bad happened in syria, he talks to the fat guy. he invited duterte, despite calling obama a SOB i like that. at least he talks to the people.

if he breaks down the shitty zirp banks it might play lout well for small biz. I dont have the crystal ball and i dont know what is going on. if you know anything that i cant find using google please let me know. If your are speculating your plan is as good as mine.

swampmanlives's picture

Ah yes Duterte, the dude who wants to turn the Philippines into a police state.

DEMIZEN's picture

yes duterte, the dude elect of 100M voters. they actually have elections not like fucking saudi arabia

peopledontwanttruth's picture

No one gets to this level of politics win or lose who doesn't know the deal. If you "win" you realize you are their man doing their bidding. A plant from the beginning.

syzygysus's picture

Hahah, Trump's administration is messing with the algos.

fbazzrea's picture

please, Mr. Trump... do it. take 'em down. leave a legacy the American people will cherish.

Soul Glow's picture

I can't take these guys seriously.  Thank him for getting the bailed out banks stock higher?  How about a FUCK YOU!

screw face's picture

....Viva Hockey Sticks!

...expect #MOAR extream chart porn.

@bitchez

Ricki13th's picture

Mnuchin and Gary Cohn will need to have a talk with Trump. Afterwards watch he will flip flops and cause bank stawks to soar. How are in a free market again if people and spew bullshit and the markets algos go wild.

peopledontwanttruth's picture

When I was a kid and played Monopoly and was the banker, I never lost, no matter how the roll of the dice and go to jail cards I pulled or hotels I landed in other people's properties.

CORNFLOWER BLUE's picture

Could you break up big .gov too?

 

Get rid of the following for a start:

!) NPR

2) NEA

3) Dept. of Education