WaspInWales wrote:The latest executive order signed by the tiny handed tyrant orders a review of the Dodd-Frank financial regulations.
Some fuckers on Wall Street believe the regulations to be too restrictive. I thought that was the whole point???
I wonder how Trump and his cronies and their companies/ties stand to benefit from this decision?
THIS is what he is in there to do. Hang to your pensions muthafukers because JP Morgan and Goldman Sachs are riding into town to snatch them away and gamble.
"A second directive he signed will effectively halt an Obama-era Labor Department rule that requires brokers to act in a client’s best interest, rather than seek the highest profits for themselves, when providing retirement advice."
EXCELLENT IDEA THESE PEOPLE CAN BE TRUSTED COMPLETELY
"The meeting underscored the degree to which the architects of Mr. Trump’s economic strategy are now some of the people he denounced in his campaign, which ended with a commercial that described “a global power structure that is responsible for the economic decisions that have robbed our working class, stripped our country of its wealth and put that money into the pockets of a handful of large corporations.”
The advertisement included an image of the chief executive of Goldman Sachs, which has become a virtual feeder for top Trump administration officials. Steven Mnuchin, his nominee for Treasury secretary, is a former Goldman Sachs trader and a hedge fund manager. Gary Cohn, the chairman of his national economic council, was Goldman’s No. 2 executive, and Stephen K. Bannon, Mr. Trump’s chief strategist, is a former Goldman banker."
WELL BLOW ME DOWN WITH A FEATHER. THOSE NICE FINANCIAL PEOPLE ARE RALLYING FOR THE WORKING MAN
There's more in there, including efforts to make oil company dealings with foreign governments more opaque.
https://www.nytimes.com/2017/02/03/busi ... tions.html
It's like someone took the corpse of trickle down economics, shot it up with adrenaline and crack, and is taking it for one last spin on the dance floor. People are going to get
so fucked over.