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Read the rules in the OP before posting, please. In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. | ||
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kwizach
3658 Posts
On November 23 2016 02:27 LegalLord wrote: Clinton is all but an irrelevance now. No point in locking her up. I'm pretty sure the main reason to not lock her up is not that she's irrelevant but that there is zero actual cause for her to be locked up in the first place. | ||
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oneofthem
Cayman Islands24199 Posts
if you want to stop complex and leveraged speculation and curb the size of the finance sector, objectives glass steagall fans seem to think the act was about, you are far better off with the volcker rule, which hrc would have put into place with expanded reach on private equity and hedge funds etc. but with huge populist trump in charge that one is as good as dead | ||
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oneofthem
Cayman Islands24199 Posts
On November 23 2016 02:31 kwizach wrote: I'm pretty sure the main reason to not lock her up is not that she's irrelevant but that there is zero actual cause for her to be locked up in the first place. who knew far leftists would be a fan of the espionage act, eh? | ||
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Doodsmack
United States7224 Posts
On November 23 2016 02:27 LegalLord wrote: Clinton is all but an irrelevance now. No point in locking her up. One might argue the relationship between campaign words and seriousness should be more close. Then again, Trump supporters were hoping he should be taken seriously, but not literally. The problem is that that's an endorsement of his disregard for the truth. | ||
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Mohdoo
United States15401 Posts
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zeo
Serbia6268 Posts
On November 23 2016 02:27 LegalLord wrote: Clinton is all but an irrelevance now. No point in locking her up. Of course there is a point in locking her up, its called justice. If there is a proper investigation and all the facts come out it shouldn't matter what the reaction would be. | ||
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Thieving Magpie
United States6752 Posts
On November 23 2016 02:51 oneofthem wrote: dont understand the focus on glass steagall. separating deposit and investment banking was motivated by concerns over fiduciary breaching conflict of interest and risk to depositors, but it wont make investment finance go away. big hybrid banks were the ones that survived the last crisis for two reasons, bigger balance sheets and more diversified behavior. instead of acting like a prop trade desk and putting all the eggs into one basket, bigger hybrid banks were more diversified in position. if you want to stop complex and leveraged speculation and curb the size of the finance sector, objectives glass steagall fans seem to think the act was about, you are far better off with the volcker rule, which hrc would have put into place with expanded reach on private equity and hedge funds etc. but with huge populist trump in charge that one is as good as dead Glass Steagall was mentioned by Bernie and his crew because he wanted to say something that would fire up his constituents. Bernie actually has no idea what he's talking about and just kind of says things he knows Reddit likes. Something very obvious in the debates if you're actually trying to fix the country and not just rabble rousing. | ||
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{CC}StealthBlue
United States41117 Posts
The Donald J. Trump Foundation acknowledged that it had violated the so-called "self-dealing" ban in charity law -- referring to the use of a charity's money for an principle's own personal benefit -- on an IRS form that has been posted publicly, the Washington Post reported Tuesday. On the IRS Form 990 for the 2015 tax year, the foundation marked "yes" on a question regarding whether a disqualified person -- meaning someone with a position of influence within the charity -- had benefited from the foundation's income or assets. The form 990 is the tax return that tax-exempt organizations file. It was posted to the charity watchdog website GuideStar Monday evening. It is unclear whether the form had been submitted to the IRS, the Washington Post said. The possibility that the foundation had been engaged in self-dealing was first raised by multiples reports in the Washington Post that uncovered instances where Trump used the non-profits' funds to settle lawsuits against his business, pay for sponsorships that he used to advertise his businesses and even to buy portraits of himself. The New York Attorney's General office has opened an investigation into the Trump Foundation examining that and other claims of possible legal violations. Under charity law, these kinds of violations should be admitted on tax forms so any potential taxes that need for to be paid for the transactions can be recouped. The Trump Foundation's forms -- up until the 2015 form posted Monday -- made no such acknowledgement. The 2015 form admits the a disqualified person benefited from the foundation's income or assets both this year and in previous years. The Trump Foundation was also found to be raising outside money without the proper registration to do so under New York state law, a revelation that also emerged with the Washington Post's reporting. Additionally, Trump's lawyers informed the New York Attorney's General Office Monday that it would not use the foundation Monday to pay for the $25 million settlement it had reached with the Attorney General in a seperate case concerning Trump University. That assurance came in a letter from Trump Organization general counsel Alan Garten, according to a Washington Post report Monday evening. Source | ||
TanGeng
Sanya12364 Posts
On November 23 2016 02:51 oneofthem wrote: dont understand the focus on glass steagall. separating deposit and investment banking was motivated by concerns over fiduciary breaching conflict of interest and risk to depositors, but it wont make investment finance go away. big hybrid banks were the ones that survived the last crisis for two reasons, bigger balance sheets and more diversified behavior. instead of acting like a prop trade desk and putting all the eggs into one basket, bigger hybrid banks were more diversified in position. if you want to stop complex and leveraged speculation and curb the size of the finance sector, objectives glass steagall fans seem to think the act was about, you are far better off with the volcker rule, which hrc would have put into place with expanded reach on private equity and hedge funds etc. but with huge populist trump in charge that one is as good as dead It's not about survival of banks but rather allowing certain types of banks to risk, to profit, and to fail. The only thing that needs to be guaranteed is that main street depositors are insured and protected from wall street risks. | ||
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Doodsmack
United States7224 Posts
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oneofthem
Cayman Islands24199 Posts
On November 23 2016 02:54 Mohdoo wrote: lots of reasons but the big one is the same reason she lost the rust belt in general, got painted as wall street when these labels are very central to how some people see the world. oneofthem, I don't think I ever asked your opinion on this: Why did Clinton lose Wisconsin? opinions like this one, although factually wrong, was pretty prevalent. hrc talked about the jobs stuff lots, but it didnt get coverage and she was painted as a high finance new york liberal from the beginning. this same view, overly simplistic and contrary to policy and personnel, was the prevalent view for lots of disaffected voters. the nature of hillary hate is not that she was a woman or socially liberal, but that she was seen as wall street, which is obviously very evil for both left and right disaffected voters. this explains the prevalent view of 'they are the same.' why was hrc the candidate of wall street despite having far more effective policy on finance reform? because voters are impressionistic and they want to hear bombastic talk even if the words are not responsible or fact based. On November 23 2016 01:51 LegalLord wrote: Trump talked about a lot of issues that people care about and want addressed. He has some very striking flaws that made it perfectly clear why he lost the popular vote, but he was the only one who really talked about some of these issues other than a crotchety old man who hates the banks... reliance on polling to craft message was also a big one, the obama coalition strategy didnt really work without whites. the poll reliance without the comey and fake news stuff she prob could have won mich and pa but the bottomline is that traditional union dems in rust belt didnt show up or voted for trump. this is not a problem for dems in the long run. it is all about rhetoric and credibility, particularly with the leftist activists who produce a lot of social media content and sway impressions. get some sane guy without a history but talks a good game, should be fine. | ||
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Doodsmack
United States7224 Posts
On November 23 2016 03:19 oneofthem wrote: get some sane guy without a history but talks a good game, should be fine. This should really be the blueprint for both parties going forward. Little to no political record, skilled on TV, underlying appeal is simply "change". | ||
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zlefin
United States7689 Posts
On November 23 2016 03:27 Doodsmack wrote: This should really be the blueprint for both parties going forward. Little to no political record, skilled on TV, underlying appeal is simply "change". it's been a lot like that for a long time as often as not. democracy isn't good for selecting statesmen, it's more for selecting snake oil salesmen. one of the problems is an unfounded belief that voting is an inherently great thing and that it's the best way to decide things, this is likely a result of poor or propagandistic civics education which touts democracy without an understanding of the key parts that actually make democracy work. | ||
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oneofthem
Cayman Islands24199 Posts
On November 23 2016 03:11 TanGeng wrote: this is the thing, interconnectedness of finance means that big investment positions would have systemic risk for rest of system if they fail, particularly counterparties to their hedges, the AIGs of the world. It's not about survival of banks but rather allowing certain types of banks to risk, to profit, and to fail. The only thing that needs to be guaranteed is that main street depositors are insured and protected from wall street risks. glass steagall is seen as cutting implicit subsidy and moral hazard of public backed deposit guaranty, but existing wind down provisions should cover this one and compliance cost for a hybrid bank is a lot higher because of this public interest carried by their nature. you see the riskier activities getting moved out of big banks as a result separating out investment banking would not contain the risk they pose. you'd want to police behavior which is what a better volcker rule would be able to do. | ||
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TanGeng
Sanya12364 Posts
On November 23 2016 03:27 Doodsmack wrote: This should really be the blueprint for both parties going forward. Little to no political record, skilled on TV, underlying appeal is simply "change". Hasn't this been true since Obama? | ||
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zlefin
United States7689 Posts
Given how open they left the process, and how the captcha checker is lousy (it's just an "I'm not a robot" button), I wonder how many applications they getting through the site. | ||
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ticklishmusic
United States15977 Posts
On November 23 2016 03:59 zlefin wrote: applied for a position in the trump administration from the site, cuz it amused me (and I need a job, and they clearly need help). Not that I expect to hear from them, I assume my application gets tossed in the trash pile promptly. Given how open they left the process, and how the captcha checker is lousy (it's just an "I'm not a robot" button), I wonder how many applications they getting through the site. idk i hear the qualifications are basically be a white dude who has a good mind i'm kind of surprised that it hasn't been spammed by trolls though | ||
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chocorush
694 Posts
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ticklishmusic
United States15977 Posts
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GreenHorizons
United States22736 Posts
It's pretty horrific what's happening out there, seems peculiar that it's basically a non-event here/in corporate media. | ||
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