the Johnson-Crapo Bill would not be marked up and not go through the process of counting votes for or against. This was the last opportunity to get the bill out of the Senate Banking Committee in 2014, before the election cycle begins.
This means that there is no meaningful legislation that will be passed in the next few months out of either the House or Senate. The most pertinent news driving the stocks will be each company's earnings and the outcome of discovery in several of the lawsuits against the government, filed by shareholders.
David Sims and Dick Bove are the only courageous analysts.
They will be famous someday!
Time for a Million Mortgage March on Washington, DC?
Everywhere I hear the sound of marching, charging feet, boy 'Cause summer's here and the time is right for fighting in the street, boy Well what can a poor boy do Except to sing for a rock 'n' roll band 'Cause in sleepy DC town There's just no place for a street fighting man