The KBW Bank Stock Index is up 7% on the day.
The top five weightings:
U.S. Bancorp |
USB |
7.99% |
JPMorgan Chase & Co |
JPM |
7.92% |
Wells Fargo & Co |
WFC |
7.63% |
Bank of America Corp |
BAC |
7.37% |
Citigroup Inc |
C |
7.25% |
And from Huey Long:
"Corrupted by wealth and power, your government is like a restaurant with
only one dish.
They've got a set of Republican waiters on one side and a
set of Democratic waiters on the other side.
But no matter which set of
waiters brings you the dish, the legislative grub is all prepared in the
same Wall Street kitchen."
—Huey Long (citation)
Mr. Long was Governor of Louisiana from 1928 to 1932 and U.S. Senator from Louisiana from 1933 to 1935.
Long was called "The most dangerous man in America" (though in private FDR said the MDMIA wasn't Long but rather General MacArthur)
He had astounding political insight.
Mr. Long was assassinated on September 10, 1935.
Another quote ascribed to Senator Long:
"Sure, We’ll Have Fascism in This Country, and We’ll Call It Anti-Fascism"
Earlier:
10-Year Note Yield Hits 1.0540%, Highest in Ten Months
