BOSTON ( TheStreet) -- Bank of America ( BAC) and Goldman Sachs ( GS) are stronger than ever after the government gave big banks favorable treatment during the credit crisis. A consumer movement is eroding that support.
A rate hike could prompt borrowers to unwind carry trades, leading to a vicious asset deflationary cycle.
Jim Cramer ponders why M&A is just the start of the story and also wonders what a Democratic sweep would do to the markets.
Bank of America (BAC) CEO Brian Moynihan said his company could withstand a congressional review as Wells Fargo (WFC) is currently dealing with the fallout of illegal sales practices.