Friday, December 09, 2016

#TrumpDupes #1

This from Hedge fund manager Whitney Tilson... "I can take glee in that - I think Donald Trump conned them... I worried that he was going to do crazy things that would blow the system up. So the fact that he's appointing people from within the system is a good thing".

This "glee taking" as per the Bloomberg article (by Max Abelson) linked to by Buzzfeed's Sr. Writer Doree Shafrir in her 11/30/2016 tweet.

Wall Street Wins Again As Trump Chooses Bankers and Billionaires: After Donald Trump ridiculed Wall Street on the campaign trail, the President-elect tapped former Goldman Sachs Group Inc. executive Steven Mnuchin to be his Treasury secretary and billionaire investor Wilbur Ross to lead the Commerce Department. (11/30/2016).

BTW, Tilson (who, according to the article voted for HRC) also said "I'm a fan of Dodd-Frank, I think banking should be boring... I worry about Wall Street returning to being a casino".

Uh... OK. Maybe HRC voters can also take glee that Steven Mnuchin is Trump's choice for Treasury Secretary?

Nope.

Mnuchin is a former Goldman Sachs Group Inc. partner and movie financier with no government experience who spent the past six months working as Donald Trump's chief fundraiser. ... The part of his background that's likely to get the most scrutiny is the six years he spent running OneWest Bank, a Southern CA lender.

In 2009, during the depths of the financial crisis, Mnuchin joined with a group of former Goldman Sachs colleagues and billionaires to buy the remnants of IndyMac, which had collapsed after bingeing on reckless home loans during the frenzy of CA's subprime-mortgage boom. They changed the name to OneWest, turned it around and sold the bank for a big gain last year. Mnuchin may have personally gotten more than $200 million in proceeds from the sale...

The bank carried out more than 36,000 foreclosures during Mnuchin's reign, according to the CA Reinvestment Coalition, a San Francisco-based nonprofit whose deputy director, Kevin Stein, dubbed the bank a "foreclosure machine". The group has accused OneWest of shoddy foreclosure practices and avoiding business in minority neighborhoods... (11/21/2016 Bloomberg article by Zachary Mider).

"Steve Mnuchin is the Forrest Gump of the financial crisis" according to Senator (and president?) Elizabeth Warren. In that he "spent two decades at Goldman Sachs helping the bank peddle the same kind of mortgage products that blew up the economy and sucked down billions in taxpayer bailout money". By which she means Mnuchin got rich despite not knowing what he's doing. Except how to game the system. Something (The fictional character) Forrest Gump didn't do. Forrest Gump might have been dumb, but he wasn't a dishonest thief (see video below).

Apparently for Whitney Tilson it's a case of "meet the new boss, same as the old boss"... and for that reason he is filled with glee. I'm not filled with glee. This was one of the reasons I voted for Bernie Sanders in the primary. He would be appointing people who we could be assured would be taking Wall Street to task.

Will the #TrumpDupes care? Some of them might. But I think the majority won't. Because they are stupid. By the way, while I did vote for Bernie Sanders in the primary, I did vote for Hillary Clinton in the General. Because she would have been a lot better than Trump. A LOT better. Even on the issue of reining in Wall Street. Not as good as Bernie Sanders, but LEAGUES better than Trump.

I knew Trump was lying about "draining the swamp". Now he's confirming that he lied with these Wall Street Picks. He is FILLING the swamp. As LOLGOP writes (in a satirical Facebook post) "Trump to appoint dingo to watch baby".

Video: Democracy Now's Amy Goodman reports that banksters Wilbur Ross and Steve Mnuchin join Trump's cabinet as Treasury & Commerce Secretaries. Amy interviews David Dayen of The Nation (author of the article Profiteers of the Great Foreclosure Machine Go to Washington) who says "Mnuchin and Ross led companies that committed fraud to foreclose on millions of homeowners" (5:22).

#CrookedDonald #DonTheCon #draintheswamp #TrumpTransition.

SWTD #363

12 comments:

  1. Trump has always been a member in good standing of the swamp. It was obvious to anyone with half a brain that he would not drain it, but would fill it to overflowing. But then, no one has ever accused the Deplorables of having even half a brain.

    ReplyDelete
    Replies
    1. Some of the most deplorable people in history could arguably be considered geniuses.

      Delete
  2. Bros,

    We are all homo sapiens. I am a good example of how an intelligent man can say and believe some very stupid things.

    (None of us ever intended to be bloggers.)

    But the point that I am trying to make is that most of us, certainly those of us who stand out and attempt to lead, are something approaching geniuses. It may not seem that very impressive, but we command vast resources of analytical power.

    That being said, I don't consider Trump much of a genius, entrepreneurial, political or otherwise. He is just another homo sapiens that is intelligent enough to hang on to what life has handed him. He is currently playing it to the hilt, because neither was Hitler, Perón, Pinochet or even my own personal favorite, Castro any genius whatsoever. They were just men with active and well-developed minds that understood what they wanted out of life and were aware enough to see that it had been handed to them.

    ReplyDelete
  3. Can anyone here update me as to how Jill Stein's recount is going?

    ReplyDelete
    Replies
    1. From what I heard, knowing a recount would expose election fraud and throw the election to Clinton (the actual winner), State Republicans shut them down.

      The excuse was that a recount wouldn't result in Stein winning. For the recount to proceed the actual aggrieved party must request it. And HRC (the actual winner) won't request a recount. Dems are too chicken to expose the fact that our electoral process is a total sham. For fear of being labeled sore losers and hypocrites... I'm guessing.

      Anyway, with the Orange buffoon heading to the White House, I'm sure Rusty is very happy. Hence his gloating comment.

      Our elections are a sham. The USA is now a democratic republic in name only. Although Rusty (a fan of Oligarchy) might be pleased (depending on how wealthy he is), I suspect even he might change his tune when Trump starts WWIII and Amerikkka slips into economic depression.

      But Trump will probably find someone (or some group) to scapegoat and Rusty (clearly a HUGE Trump dupe) will probably buy it. I get the impression that he's eager to swallow any and all Trump lies.

      Delete
  4. There are 3 TOM's posting at Daddy's! I want you to go straighten that our butt fuck boy! Put your analytical skills to work and tell us which TOM is Luke, that is not Luke. Gut to work butt fuck boy. Your reward will be a good butt fucking by RN! He promised.

    ReplyDelete
    Replies
    1. Your accounts:

      02464117691722213136 TOM, Blogger (profile not available).
      09538055688006675704 TOM, Blogger (Gort profile pic).
      113045154231503733696 TOM, Google+.
      11597062711930899788 Luke, Blogger (formerly "Steve").
      117464045539266787800 Luke Spencer, Google+.

      The TOM Google+ account was created by you to throw off suspicion. You thought that another TOM would cause people to think many people must be posting as TOM. The persona you created for this TOM is that he is an Obama-hating Right-winger who is happy that Trump was elected.

      Sorry, homophobe, but your strategy did not work. BTW, I'm not gay, but even if I was... RN and I live in different states, making it impossible for us to be having a sexual relationship.

      Also, with every single comment you mention gay sex. Why do you think about gay sex so much? I'm guessing because you might be a self-hating closeted gay man? Come out of the closet, dude. Repressing who you really are is not healthy.

      Delete
    2. Ask my ex wife, past girl friends, and present wife if I'm gay. Oh yeah, my three adult offspring as well Dervish.

      You may be right about the TOM above. But who cares?

      Delete
  5. Rusty - "Can anyone here update me as to how Jill Stein's recount is going?”

    What wrong Rusty? Are you just a lazy ass or are you too stupid to use Google?

    ReplyDelete

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