Ethically challenged Charlie Rangel, despite the support of the Black Congressional Caucus and the Speaker, Congresswoman Nancy Pelosi, announces that he's stepping down as Chair of the House Ways and Means Committee.
John Carter, of Texas, was preparing a resolution demanding he step down. The walls were closing in and Rangel just finished a press conference announcing the news.
Politico has the full story.
You haven't done a market update in a while, but I just wanted to mention that EIA oil inventory report is out and for the 3rd straight week inventories were more than 3x higher than expected.
ReplyDeleteIts pretty clear that someone is hoarding oil.