Banks have been rising ever since November 8th when the Democrats lost the election. This video helps explain some of the stock market's rise and why it was critical for politics to move in a new direction albeit to Trump. DNC Chair candidate said her job "is to shut other white people down when they want to interrupt." Watching the full video makes the quote worse. Some may interject at the discussion of politics in the stock market but this is wrong. COF stock is up nearly 20% during the election and as an investor you can't just always ignore politics; sometimes it makes a difference. Investors are betting the environment changes from what we saw from 2009 to 2016. In 2009, we were in the "great recession" The Obama administration put a strong emphasis on banks for the collapse but many did not agree that they were the sole cause. Warren Buffett, discussed in 2008 to the financial inquiry commission the role of Freddie Mac in the financial crisis. According to Buffett and many others, the government tacitly mandated Freddie Mac -an essentially government sponsored entity - to make loans to lower class families - Buffett pointed this out in the video .
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