antifa/"anarchists" are to the left what neo nazis are to the right. It makes sense not to judge the larger group by the actions of the fringes. You would think intelligent people could make that distinction.
- SuperJail Warden
- Gone Forever
- +635|3720
https://www.washingtonpost.com/news/bus … 3015bc8027President Trump signed an executive order Friday to reconsider regulations put in place after the 2008 financial crisis to rein in Wall Street, according to a White House spokeswoman.
The move addressed another one of Trump’s campaign promises: dismantling 2010’s financial overhaul legislation, known as Dodd-Frank. The legislation forced banks to take various steps to prevent another financial crisis, including holding more capital and taking yearly “stress tests” to prove they could withstand economic turbulence. The financial industry, particularly its small community banks, complained the rules went too far.
“We expect to be cutting a lot out of Dodd-Frank,” Trump said during a meeting with business leaders Friday morning. “Because frankly, I have so many people, friends of mine, that had nice businesses, they just can’t borrow money … because the banks just won’t let them borrow because of the rules and regulations in Dodd-Frank.”
Trump also signed a separate presidential memorandum to delay the Labor Department’s rules that would require financial professionals to put their clients’ interests ahead of their own.
Finally some moves that will help out the little guy in west Virginia and Ohio.
Calling it now: global recession in the next 3 years precipitated by Trump.SuperJail Warden wrote:
https://www.washingtonpost.com/news/bus … 3015bc8027President Trump signed an executive order Friday to reconsider regulations put in place after the 2008 financial crisis to rein in Wall Street, according to a White House spokeswoman.
The move addressed another one of Trump’s campaign promises: dismantling 2010’s financial overhaul legislation, known as Dodd-Frank. The legislation forced banks to take various steps to prevent another financial crisis, including holding more capital and taking yearly “stress tests” to prove they could withstand economic turbulence. The financial industry, particularly its small community banks, complained the rules went too far.
“We expect to be cutting a lot out of Dodd-Frank,” Trump said during a meeting with business leaders Friday morning. “Because frankly, I have so many people, friends of mine, that had nice businesses, they just can’t borrow money … because the banks just won’t let them borrow because of the rules and regulations in Dodd-Frank.”
Trump also signed a separate presidential memorandum to delay the Labor Department’s rules that would require financial professionals to put their clients’ interests ahead of their own.
Finally some moves that will help out the little guy in west Virginia and Ohio.
- SuperJail Warden
- Gone Forever
- +635|3720
Americans would have deserved it to happen to us.
I'll fucking take it. Financial crises, while awful, pretty much slow everything or put everything into a grinding halt. There's not much that can be done while those happen, thus severely limiting what trump can or cannot do.Pocshy2.0 wrote:
Calling it now: global recession in the next 3 years precipitated by Trump.SuperJail Warden wrote:
https://www.washingtonpost.com/news/bus … 3015bc8027President Trump signed an executive order Friday to reconsider regulations put in place after the 2008 financial crisis to rein in Wall Street, according to a White House spokeswoman.
The move addressed another one of Trump’s campaign promises: dismantling 2010’s financial overhaul legislation, known as Dodd-Frank. The legislation forced banks to take various steps to prevent another financial crisis, including holding more capital and taking yearly “stress tests” to prove they could withstand economic turbulence. The financial industry, particularly its small community banks, complained the rules went too far.
“We expect to be cutting a lot out of Dodd-Frank,” Trump said during a meeting with business leaders Friday morning. “Because frankly, I have so many people, friends of mine, that had nice businesses, they just can’t borrow money … because the banks just won’t let them borrow because of the rules and regulations in Dodd-Frank.”
Trump also signed a separate presidential memorandum to delay the Labor Department’s rules that would require financial professionals to put their clients’ interests ahead of their own.
Finally some moves that will help out the little guy in west Virginia and Ohio.
Therein lies everything that our president cares about.Because frankly, I have so many people, friends of mine...
uuuum, piranha.
the whole reason this political shitfuck is happening is because of a financial crisis. all the civil unrest, political upheaval, social malaise ... can be traced to the last time the western economy walked off a cliff. the rise of the right-wing in europe, the disintegration of the labour base in southern European countries, the US's lurch to the right and the workers voting for isolationism, widespread anti-immigrant/refugee feeling across the entire west ... this is ALL attributable at least in part to the fact that a financial crisis was taken out on the average blue-collar guy.
financial crises don't affect global elites. the banks are too big to fail. so are the big corporations. they will get bailed out, time and time again. the average working guy is the one whose quality of life suffers. then they swing to the right and become mean in outlook and spirit. fascism came out of the cultural collapse of weimar and the economic gutting of ww1/the great depression. financial crises are NOT desirable.
the whole reason this political shitfuck is happening is because of a financial crisis. all the civil unrest, political upheaval, social malaise ... can be traced to the last time the western economy walked off a cliff. the rise of the right-wing in europe, the disintegration of the labour base in southern European countries, the US's lurch to the right and the workers voting for isolationism, widespread anti-immigrant/refugee feeling across the entire west ... this is ALL attributable at least in part to the fact that a financial crisis was taken out on the average blue-collar guy.
financial crises don't affect global elites. the banks are too big to fail. so are the big corporations. they will get bailed out, time and time again. the average working guy is the one whose quality of life suffers. then they swing to the right and become mean in outlook and spirit. fascism came out of the cultural collapse of weimar and the economic gutting of ww1/the great depression. financial crises are NOT desirable.
Something tells me Trump knows the risks he is taking. I just don't think cares...especially not about the lower class voters who put him in office.
- SuperJail Warden
- Gone Forever
- +635|3720
I agree that this was all the fault of the financial crisis and we seem to have no resolved the underlining issues that caused it.
I wonder what the end result of this right wing explosion will be. I don't know the politics of mainland Europe too well but they seem more fucked than the English speaking world. Brexit or not, the U.K. doesn't seem like it is having the same right wing craziness.
I am not worried about fascism taking over in the U.S. Trump doesn't have the discipline or charisma to lead to the sort of tyranny that gives liberals nightmares. He didn't win the popular vote and the youth overwhelmingly voted D. You can't run a fascist regime with a bunch of 65 year old white people alone.
I know this is going to sound like a communist in 1930's Germany but I think after Trump is done in 2020 or 2024 the U.S. is going to lurch left hard. I think the U.S. is facing the last gasp of baby boomer conservatism.
I wonder what the end result of this right wing explosion will be. I don't know the politics of mainland Europe too well but they seem more fucked than the English speaking world. Brexit or not, the U.K. doesn't seem like it is having the same right wing craziness.
I am not worried about fascism taking over in the U.S. Trump doesn't have the discipline or charisma to lead to the sort of tyranny that gives liberals nightmares. He didn't win the popular vote and the youth overwhelmingly voted D. You can't run a fascist regime with a bunch of 65 year old white people alone.
I know this is going to sound like a communist in 1930's Germany but I think after Trump is done in 2020 or 2024 the U.S. is going to lurch left hard. I think the U.S. is facing the last gasp of baby boomer conservatism.
Are my credit card interest rates going to go back down? Are banks going to stop charging ridiculous fees to small businesses with credit card machines? They raised all these rates in response to dodd-frank. I won't hold my breath.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
The professional gamblers sure have done a good job painting themselves as engines of growth rather than the rent-seeking bloodsuckers they truly are. The biggest whine they have regards the fiduciary rule, which was going to punish them for fucking over their clients. And they wonder why people would rather use e-trade or buy index funds. Fuck brokers.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
And no I'm not anti capitalism or the stock market, I just despise the useless gambling industry that built itself up around it.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
dude your president is part of that financial class.Jay wrote:
And no I'm not anti capitalism or the stock market, I just despise the useless gambling industry that built itself up around it.
He was a real estate developer and was at least gambling his own money. Stock brokers gamble other people's money and collect fees whether they win or lose.uziq wrote:
dude your president is part of that financial class.Jay wrote:
And no I'm not anti capitalism or the stock market, I just despise the useless gambling industry that built itself up around it.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
lolJay wrote:
He was a real estate developer and was at least gambling his own money. Stock brokers gamble other people's money and collect fees whether they win or lose.uziq wrote:
dude your president is part of that financial class.Jay wrote:
And no I'm not anti capitalism or the stock market, I just despise the useless gambling industry that built itself up around it.
What about the partnerships he entered and the investors he convinced? Still his money?Jay wrote:
He was a real estate developer and was at least gambling his own money. Stock brokers gamble other people's money and collect fees whether they win or lose.uziq wrote:
dude your president is part of that financial class.Jay wrote:
And no I'm not anti capitalism or the stock market, I just despise the useless gambling industry that built itself up around it.
that is one of the dumbest things jay has said in this thread in quite a while. the naivety is astounding.
jay this may surprise you, but trump didn't launch all his ventures by reinvesting his own cash. he is not good at turning a profit.
what about the recent lawsuit that ruled his golf resorts had to reimburse $6 million to members? whilst he is president.
http://www.politico.com/story/2017/02/t … uit-234494
what about trump university's shambles? a $25 million fraud settlement?
https://www.washingtonpost.com/politics … 379d302e45
what about the fact he was declared bankrupt several times in the 90s? what about all those casinos and hotels he opened with borrowed money, gambled on, and lost? guess nobody else lost any money in those ventures. what's that old line? "i really enjoyed donald trump's book, but for some reason it had multiple chapter 11's..."
here's a good read on his general business malfeasance and unethical lending.
https://www.nytimes.com/2016/06/12/nyre … -city.html
what about the fact that trump was essentially in bed with the mob and greased the palms of new york politicos during his early days? real-estate isn't exactly the most ethical and above board industry.
but no, donald trump is a real-estate developer who spent and invested all of his own money and never gambled with other people's money.
you are literally shitlord tier nowadays, jay.
jay this may surprise you, but trump didn't launch all his ventures by reinvesting his own cash. he is not good at turning a profit.
what about the recent lawsuit that ruled his golf resorts had to reimburse $6 million to members? whilst he is president.
http://www.politico.com/story/2017/02/t … uit-234494
what about trump university's shambles? a $25 million fraud settlement?
https://www.washingtonpost.com/politics … 379d302e45
what about the fact he was declared bankrupt several times in the 90s? what about all those casinos and hotels he opened with borrowed money, gambled on, and lost? guess nobody else lost any money in those ventures. what's that old line? "i really enjoyed donald trump's book, but for some reason it had multiple chapter 11's..."
here's a good read on his general business malfeasance and unethical lending.
https://www.nytimes.com/2016/06/12/nyre … -city.html
what about the fact that trump was essentially in bed with the mob and greased the palms of new york politicos during his early days? real-estate isn't exactly the most ethical and above board industry.
but no, donald trump is a real-estate developer who spent and invested all of his own money and never gambled with other people's money.
you are literally shitlord tier nowadays, jay.
Last edited by uziq (2017-02-03 18:27:39)
They knew who they were investing withPocshy2.0 wrote:
What about the partnerships he entered and the investors he convinced? Still his money?Jay wrote:
He was a real estate developer and was at least gambling his own money. Stock brokers gamble other people's money and collect fees whether they win or lose.uziq wrote:
dude your president is part of that financial class.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Okuziq wrote:
that is one of the dumbest things jay has said in this thread in quite a while. the naivety is astounding.
jay this may surprise you, but trump didn't launch all his ventures by reinvesting his own cash. he is not good at turning a profit.
what about the recent lawsuit that ruled his golf resorts had to reimburse $6 million to members? whilst he is president.
http://www.politico.com/story/2017/02/t … uit-234494
what about trump university's shambles? a $25 million fraud settlement?
https://www.washingtonpost.com/politics … 379d302e45
what about the fact he was declared bankrupt several times in the 90s? what about all those casinos and hotels he opened with borrowed money, gambled on, and lost? guess nobody else lost any money in those ventures. what's that old line? "i really enjoyed donald trump's book, but for some reason it had multiple chapter 11's..."
here's a good read on his general business malfeasance and unethical lending.
https://www.nytimes.com/2016/06/12/nyre … -city.html
what about the fact that trump was essentially in bed with the mob and greased the palms of new york politicos during his early days? real-estate isn't exactly the most ethical and above board industry.
but no, donald trump is a real-estate developer who spent and invested all of his own money and never gambled with other people's money.
you are literally shitlord tier nowadays, jay.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
that's the whole and only reason why they invested ... and then got burned whilst he profited.Jay wrote:
They knew who they were investing withPocshy2.0 wrote:
What about the partnerships he entered and the investors he convinced? Still his money?Jay wrote:
He was a real estate developer and was at least gambling his own money. Stock brokers gamble other people's money and collect fees whether they win or lose.
so he's exactly what you complained about a few posts ago. word for word.
G G
Jay wrote:
The professional gamblers sure have done a good job painting themselves as engines of growth rather than the rent-seeking bloodsuckers they truly are.
He was a real estate developer and was at least gambling his own money. Stock brokers gamble other people's money and collect fees whether they win or lose.
bonggggggggNYT wrote:
But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.
Mr. Trump assembled his casino empire by borrowing money at such high interest rates — after telling regulators he would not — that the businesses had almost no chance to succeed.
His casino companies made four trips to bankruptcy court, each time persuading bondholders to accept less money rather than be wiped out. But the companies repeatedly added more expensive debt and returned to the court for protection from lenders.
After narrowly escaping financial ruin in the early 1990s by delaying payments on his debts, Mr. Trump avoided a second potential crisis by taking his casinos public and shifting the risk to stockholders.
And he never was able to draw in enough gamblers to support all of the borrowing. During a decade when other casinos here thrived, Mr. Trump’s lagged, posting huge losses year after year. Stock and bondholders lost more than $1.5 billion.
All the while, Mr. Trump received copious amounts for himself, with the help of a compliant board. In one instance, The Times found, Mr. Trump pulled more than $1 million from his failing public company, describing the transaction in securities filings in ways that may have been illegal, according to legal experts.
“He put a number of local contractors and suppliers out of business when he didn’t pay them,” said Steven P. Perskie, who was New Jersey’s top casino regulator in the early 1990s.
Last edited by uziq (2017-02-03 18:44:47)
GG what? When did I defend the guy? I ranted against bankers and you brought up Trump. I didn't vote for Trump. I would never have invested money with him.uziq wrote:
that's the whole and only reason why they invested ... and then got burned whilst he profited.Jay wrote:
They knew who they were investing withPocshy2.0 wrote:
What about the partnerships he entered and the investors he convinced? Still his money?
so he's exactly what you complained about a few posts ago. word for word.
G G
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
jesus christ defend a single fucking thing you say. even on this page you just denied my claim that your president is part of the problem. "no" you said. he uses his own money. he manifestly does not. the proof is obvious. now you come out with this 'i don't even like trump' line.
HOW many times in this thread have you said "now you guys are making me defend trump and it's unfair". wtf dude. funny how you keep making insupportable or wrong claims and then exiting by this back door of 'i'm not even pro-trump anyway'.
bottom
rate
HOW many times in this thread have you said "now you guys are making me defend trump and it's unfair". wtf dude. funny how you keep making insupportable or wrong claims and then exiting by this back door of 'i'm not even pro-trump anyway'.
bottom
rate
You have no argument. Do you think I pay any attention to your insults? You're a five year old.uziq wrote:
jesus christ defend a single fucking thing you say. even on this page you just denied my claim that your president is part of the problem. "no" you said. he uses his own money. he manifestly does not. the proof is obvious. now you come out with this 'i don't even like trump' line.
HOW many times in this thread have you said "now you guys are making me defend trump and it's unfair". wtf dude. funny how you keep making insupportable or wrong claims and then exiting by this back door of 'i'm not even pro-trump anyway'.
bottom
rate
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
ok.
Not if the banks engineer another financial collapse which penalises the little guy and the tax-payer - also the little guy.SuperJail Warden wrote:
Finally some moves that will help out the little guy in west Virginia and Ohio.
This is stupid, either banks need a certain level of solvency to be banks or they don't.
Русский военный корабль, иди на хуй!