Two days after democratic senators Elizabeth Warren and Tammy Baldwin sent a letter to Goldman CEO Lloyd Blankfein, asking if Goldman effectively runs the country through its extensive alumni links at the Trump administration, and requesting details on “lobbying” activities in the bank related to review of the Dodd-Frank Act and the Obama-era fiduciary rule Read More…
Economy
Trump Signs Executive Orders Rolling Back Dodd-Frank, Fiduciary Rule
As previewed earlier today, moments ago President Trump signed two executive orders 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. Specifically, Trump took executive Read More…
How Government $Ach$ Won The (S)Election
After appointing Goldman bankers to head the Treasury and the SEC and key economic advisory positions, it looks like the Trump era will be business as usual for Government Sachs. Today Carey Wedler of TheAntiMedia.org joins us to discuss her recent article, “Actually, Goldman Sachs ‘Hacked’ the Election.” Source: www.corbettreport.com
Dow 20,000! What Could Go Wrong?!!
Congratulations, America! The Dow Jones Industrial Average has just rolled past 20,000 for the first time ever! Let the fireworks fly, because the ticker tape parade is about to begin! The Trump administration, wasting no time in chalking this up to “the Trump effect,” celebrated. Asian markets, which lifted as much as 1.8% on the Read More…
War On Cash Alert — EU Now Pushing “Restrictions On Payments In Cash”
In the most far-reaching move toward a cashless society to date, the European Commission proposed enforcing “restrictions on payments in cash” under an all-too-familiar premise — because terrorism. “Payments in cash are widely used in the financing of terrorist activities,” the Commission’s proposal states. “In this context, the relevance of potential upper limits to cash Read More…
“Fake News,” GDP Edition
With “fake news” a dominant conversation topic in recent months, we would like to remind readers that “non-GAAP reporting” has only recently became a distinctly political phenomenon, although it has been present in economic and financial circles for a long, long time. Nowhere is this more obvious today, than in the following “headline” revision from Read More…






