Discussion: Trump Promises CEOs 'A Very Major Haircut On Dodd-Frank'

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It’s Trump voters who are going to be hurt the worst by all of his proposals.

Democrats should get out of his way, let the Republicans destroy their own constituents, and make it very clear along the way that it’s all exactly what those idiots voted for.

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NYT has a good article about that. They have even coined the phrase “Trump’s Chumps” to describe them

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“You look at the folks from government that are running all over the banks,”

Says the guy hiring everyone he can from the big banks to run the government.

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Though they’re still not going to lend him any money unless there are a LOT of strings attached. They know a sucker when they see one.

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Except for the collateral damage to us folks nearing retirement when the economy tanks again
I lost half the value in '08 and it has just built up to the '08 levels
What the hell I wanted to work until I was 78 anyway

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                A Very Major Haircut

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Good read.

That Trump became President is a testament to the fact that we really, really could use a basic test prior to allowing people to vote.

With questions that would weed out the “Keep Government hands off my Medicare!” crowd. If you’re too unaware of the larger world to know that Medicare IS a Government program, you have no business selecting any office-holder above your local dog-catcher (and probably not even that).

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What ever happened to the concept of RISK?

High returns are allowed when there is commensurate RISK involved (which includes REGULATION.)

What the Banks want is High Returns with NO RISK (Privatize Profits, Socialize Costs.)

Trump of course is all for it as that has always been his business plan; “Take the Money and leave others holding the bag.”

This is also a flat out offer of a BRIBE for their support (not that it is anything new with this administration.)

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Simple. Just invest your money in GS, JP Morgan and the rest of the companies that are going to be running rampant stealing from everyone with Trump and the Republican Party’s blessing.

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So many promises before another lost weekend in Florida.

And oops, here comes the Easter break to ensure nothing gets done in April. By May he’ll be turkey-neck-deep in the Russia shit.

So who the F cares what he says?

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I hope that Americans realize that getting rid of Dodd Frank regulations means that big banks can act as casinos again, and we Americans have to bail them out when they collapse again.

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“The whole year is shifted because we have taken longer on health care,” Rep. Patrick McHenry (R-NC) said, adding that “when it is warm out … perhaps June, July would be my hope,” for addressing financial regulation.

OK, so wait a minute - If financial reform is getting pushed back to perhaps June, July, when is tax reform and infrastructure going to happen. To paraphrase a cartoon from The New Yorker,

“How about never? Is never good for you?”

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Because restoring financial shenanigans and corruption is so important to the American people… :angry: .

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Obviously part of this is the usual cash grab, but I wonder if some of it is Trump’s delusion that banks would lend him money if it weren’t for all those pesky regulations. (It’s also not unlikely that they’ve been fobbing him off with that kind of asnwer for 20 years now, rather than just saying “Donald, you’re a no-account deadbeat with no collateral, how stupid do you think we are?”)

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I’ve owned English Bulldogs with less neck waddle.

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another baffling thing: why, if he’s so concerned over his looks, does he not do something about the frog throat? He sunk to having hair surgery so he didn’t have to suffer going bald, so he might as well go all the way.

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“The whole year is shifted because we have taken longer on health care,” Rep. Patrick McHenry (R-NC) said, adding that “when it is warm out … perhaps June, July would be my hope,” for addressing financial regulation.

What the heck has the weather to do with when these guys get anything done? I suspect all they’re doing is making it easier for the masses to come out and protest whatever nonsense the legislation is peddling. Thanks for the consideration, sir, but how about doing something for your constituents for once that doesn’t include major benefits for your benefactors?

I’m already working with my financial advisor to put a plan together when the market begins its freefall. I was lucky enough to protect most of my assets in '08. But there’s no recovery time when it goes this time.