Back in 2008-2009, the entire financial system was on the brink of collapse because banks had been making wild bets without having sufficient capital. Nearly a decade later, Kashkari says that banks still aren’t sufficiently capitalized...
Why is Goldman Leaving London if not Brexit? It's because Dodd-Frank is getting rolled back. Prop trading is back folks and our government is stupid. And The Donald is looking more and more like Jeb Bush.
"Every day, millions of people are being pressured to “pick a side” by media, pundits, politicians - even close friends and family. Critical thinking that doesn’t fit into one of the two polarized camps of pro-Trump or anti-Trump are being dismissed or degraded... the U.S. citizenry is being afflicted by a sort of mass insanity at the moment. There are no good outcomes if this continues. "
Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However taxpayers should temper their enthusiasm because, even in the unlikely event tax collection is simplified, tax reform will not reduce the American people’s tax burden.
Donald Trump will face his moment, like it or not. Barack Obama faced it and decided to kick the can down the road and opt for yet more “stimulus.” How Trump deals with it will determine whether or not the US economy recovers from bad policies, or goes the way of Japan and Europe.
As previewed earlier today, moments ago President signed two executive aimed at starting the process of rolling back the regulatory system put in place after the financial crisis. Among the targets are rules that protect against predatory lenders, force brokers to lower fees for retirees and ban proprietary trading.