Trump and Draining the Swamp (or Not)

Political and religious discussions go here. Tread lightly.
Freed Roger
Seeking a Zubaz seamstress
Posts: 25214
Joined: September 4 07, 1:48 pm
Location: St. Louis

Trump and Draining the Swamp (or Not)

Post by Freed Roger »

Trump Moves to Roll Back Financial Regulations
At the latter end of the article below - the Dodd Frank Act (What Bannon etc is going after) is explained. Even though how it's written is understandable, how regulations of massive financial companies plays out is complicated. FWIW I don't understand how it works.

Yet, as typical - complicated issues get reduced to some perverse generality, and in Trump's case he's not even truthful about the generality. The press can not get lost NPRing CNBCing the hell out this this debate. Don't give the story to the lame-ass anti-regulation business section of the paper.

Sure, some cost of regs get passed along to consumers, but [expletive] it - this has nothing to do with business as you or I imagine. This isn't about regulating your sister in laws scrapbooking propietorship. This isn't even about regulating what we most normally see as big business (stores, factories, farm operations, etc etc). It's the financial industry. And even there, it's not what we imagine. It's not the local credit union or community bank or Bailey Building and Loan.

It's about the Too Big to Fails.

This must be called what it is - A yuge gift to the billionaires that caused the 2008 meltdown. Congress can't get off message and lost in the complicated details. Trump is [expletive] the regular people over.

This should not be reduced to another [expletive] tribal left-vs-right issue where Joe the Plumber or Prosperity Gospelers take side of the billionaires. Instead it should rightfully be reduced to an oversimplified argument that all but the 1% should agree upon. ... /97454748/

he act increases the amount that capital banks must hold in reserve, giving the banks an added cushion to absorb loan losses in future downturns.

The act also subjects the nation's biggest banks to a series of heightened regulatory requirements

every bank with more than $50 billion worth of assets on its balance sheet must submit to annual stress tests administered by the Federal Reserve, which then determines if they would survive a hypothetically severe crisis akin to the one in 2008

The iteration of the rule in Dodd-Frank, known as the Volcker Rule, outlaws proprietary trading at universal banks and thereby limits their trading operations to serving as market makers for institutional clients.

Dodd-Frank Act was the founding of the Consumer Financial Protection Bureau, which is vested with the authority to protect consumers from unfair, deceptive, or abusive financial products and services.
User avatar
Hall Of Famer
Posts: 20623
Joined: July 15 08, 8:24 pm
Location: Low A Minors

Re: Trump and Draining the Swamp (or Not)

Post by pioneer98 »

planet planet
Posts: 24898
Joined: April 15 06, 6:25 pm
Location: St. Louis

Re: Trump and Draining the Swamp (or Not)

Post by planet planet »

Heh, Jason Kander stirs it up with Curt Schilling
Jason Kander ‏@JasonKander 3h3 hours ago
Jason Kander Retweeted Curt Schilling
Enjoyed watching you play. Better luck next year with the Hall of Fame balloting. That Rule 5 character clause can be a drag, huh?Jason Kander added,
Curt Schilling @gehrig38
@JasonKander what a piece of garbage you are. Pains me to say that about someone that served but man you need an ass whipping
438 replies 3,418 retweets 11,866 likes
Reply 438 Retweet 3.4K
Liked 12K
User avatar
is shooing asian children away from his fridge.
Posts: 27872
Joined: May 17 06, 10:23 pm
Location: at the gettin' place

Re: Trump and Draining the Swamp (or Not)

Post by cardsfansince82 »

Looking forward to Curt tweeting a photo of ketchup on his knuckles.
User avatar
Consider him admonished
Posts: 8269
Joined: March 25 15, 9:59 am
Location: Charleston, SC via Arkansas

Re: Trump and Draining the Swamp (or Not)

Post by Tim »

cardsfansince82 wrote:Looking forward to Curt tweeting a photo of ketchup on his knuckles.
I lol'd
User avatar
Everday Unicorn
Posts: 35352
Joined: April 21 06, 10:14 am
Location: Austin, TX

Re: Trump and Draining the Swamp (or Not)

Post by heyzeus »

Trump clearly believes in wetlands protection. Swamps contain a great assortment of biodiversity and carbon capture. Gotta perpetuate the swamp.
Freed Roger
Seeking a Zubaz seamstress
Posts: 25214
Joined: September 4 07, 1:48 pm
Location: St. Louis

Re: Trump and Draining the Swamp (or Not)

Post by Freed Roger »

Bernie called Trump a fraud.


I hope to hell Trump tweets on this.

Bernie is the leader of US government-in exile
User avatar
There's someone in my head but it's not me
Posts: 44552
Joined: April 18 06, 5:08 pm
Location: Clowns to the left of me. Jokers to the right. Here I am.

Re: Trump and Draining the Swamp (or Not)

Post by Radbird »

Fellow Patriot,
I urge you, right this second, to sign the National Petition for an Article V Convention of States to save America.
An army of conservative heroes including Mark Levin, Sean Hannity, and Lt. Col. Allen West have joined our movement to call for an Article V Convention of States. And now, it's your turn.
Just click here to add your name to this national petition. And then PLEASE forward this email around to every single person you know.

Sign The Petition

With the results of the election last fall, the American people made it crystal clear that they're fed up with "politics-as-usual" in Washington.
But, as history has shown us, no president can "drain the swamp" on his own. Not with career politicians in Congress and a massive regulatory state standing in the way.
A temporary change in personnel will not fix our country's problems. Only a change in structure can do that. And that change in structure has to come from OUTSIDE Washington.
Thankfully, "We the People" have a tool in our hands -- right NOW -- that will enable us to make that change.
It's called an Article V Convention of States, and we can make it a reality with your signature on this national petition today.
You see, our Founding Fathers were brilliant men. They left an emergency clause in the Constitution in case the federal government got too big and out-of-control.
It's called Article V, and it allows the states to bypass Congress and call a Convention of States to propose amendments to our Constitution and rein in the federal government.
Well, conservative leaders all across the country believe it is time to invoke Article V and call a Convention of States.
And I hope you do too. Things are bad in America - and getting worse!
It's time for "We the People" to use the most powerful weapon in our arsenal - the Constitution - to fight back against Washington's overreach.
Please sign the National Petition for an Article V Convention of States right now, and please ask everyone you know to do the same.
Here at Convention of States Action, we are working overtime to convince the required 34 state legislatures to call for an Article V convention to place limits on the power and jurisdiction of the federal government.
We have a citizen activist army operating in all 50 states, working constantly to urge their state legislators to act in accordance with the will of the people and demand that they pass this critically important resolution.
A Convention of States is our only chance to pass important and long overdue measures like a balanced budget amendment, term limits on Congress and the Supreme Court, and limits on the scope and jurisdiction of the federal government.
The politicians in Washington wouldn't dare limit their own power. Therefore, We The People need to do it!
But in order for that to happen, we need millions and millions of patriotic Americans like you to sign this important national petition. And we need you to do it right away.
We have only a few months remaining in the current state legislative session, which means we must act quickly if we want to call an Article V Convention this year.
Simply click here to sign. A Convention of States is our best chance to save America from an out-of-control federal government.

Sign The Petition

Washington won't fix itself. The federal government is too big, and our leaders are too invested in its growth.
We The People must take control through our state legislatures. It's our only chance to enact real change.
Please join the fight for an emergency Convention of States. Sign the petition today, and urge every freedom-loving American to do the same.
Thank you, and may God bless America!

For America,

Mark Meckler
Convention of States Action

Convention of States Action operates as a non-profit organization organized under section 501(c)(4) of the Internal Revenue Code. Contributions to Convention of States are not deductible as charitable contributions for income tax purposes
I'm pretty sure "Sign The Petition" is patriot-speak for "let us put you on our mailing list so we can ask you twice a week for a $35 contribution, a small price to pay to save the land we love".
Freed Roger
Seeking a Zubaz seamstress
Posts: 25214
Joined: September 4 07, 1:48 pm
Location: St. Louis

Re: Trump and Draining the Swamp (or Not)

Post by Freed Roger »

Trump adviser Icahn may have broken trading laws: Senators
"troubling" evidence, including "massive" profits Icahn reportedly reaped in the market for renewable fuel credits....

They argue that these profits warrant a probe into whether Icahn, who has retained control of his vast business empire despite being named by Trump a special adviser on regulatory reform, violated insider trading, anti-market manipulation or other laws.

Additionally, the Democrats want SEC chair Jay Clayton and EPA administrator Scott Pruitt to consider recusing themselves from this matter. Why? Because Icahn was involved in the vetting practice for both positions in the Trump administration and even met with Pruitt before his nomination.

Icahn did not immediately respond to a request for comment.
However, in March the billionaire investor dismissed conflict-of-interest allegations in an interview with CNNMoney as "absurd" and "completely ridiculous." He added, "I don't talk to Donald that often."
This is super [expletive] crazy unethical.
User avatar
darjeeling sipping elite
Posts: 37361
Joined: October 17 06, 11:19 am
Location: Huis Clos

Re: Trump and Draining the Swamp (or Not)

Post by lukethedrifter »

Ethics don't matter.
Post Reply