“In an interview with FOX Business Network on Tuesday, Icahn called for the reinstatement of the Glass-Steagall Act, which separated investment banks and commercial banks,” Ablan reports. “Icahn, who rarely comments on the nation’s banks, was referring to the Depression-era law, which was repealed in the late 1990s.”
“Of course, Icahn had kind words to say about Apple,” Ablan reports. “Icahn told FOX: ‘I’m not going anywhere. I’m not leaving. I haven’t sold one share, nor do I intend to. I think Apple is one of the cheapest stocks around and I’ve said that – Tim Cook and I agree on that. It’s very undervalued.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]