Bank Stocks Down As Wall St. Stuck With Obama, Warren
Posted on November 07, 2012 at 11:58 AM EST
Bank stocks sold off as new financial regulations backed by President Obama and consumer advocate Elizabeth Warren, who won her Senate race, look to remain in place. But the president's re-election could give Federal Reserve Chairman Ben Bernanke another term, if he wants it, continuing the central bank's policy of monetary stimulus, which has provided the finance sector with cheap liquidity. Bank of America (BAC) shares were down 5% in intraday
