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Navigating Legislative Landmines

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What does Obama's recent annoucment mean for the markets?

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Big news in earnings yesterday.

The headline number for Goldman (GS) was a barn-buster. $8.20 in EPS vs. estimates of $5.18 -- a meaningful beat -- although revenues were a hair light at $9.62 billion vs. estimates of $9.65 billion.

But there was even bigger news coming from Washington.

At 11:40, it hit: "OBAMA SAYS NO BANK SHOULD RUN PROPRIETARY TRADING OPERATIONS."

So, what does this mean for hedge-funds, trading desks, and the markets?

Join Todd for a closer look.

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