Because I love the country, I always hope for success of every president as yours truly's welfare, along with the rest of the populace depends, in part, on said success, something becoming rather illusionry considering the quality of president the US has had over the past 50+ years, starting with Johnson and now, president elect Trump, who is charting, thus far, a path rife with hypocrisy, ignorance and corruption to the max, To this end, let's talk swamp and how the Donald tends to deal with it regarding his selection of incoming Treasury Secretary Steve Mnuchin along with his take on the banksters residing on WS.
While I’m not a Dodd-Frank fan, it’s not because it was too harsh, but because it didn’t really do much of anything. It was the typical neoliberal bait and switch, designed to look tough for public consumption, while merely making tweaks around the edges of a financial system that requires systemic, paradigm level change.
Trump’s support of repealing Dodd-Frank tells you all you need to know. A Trump Presidency will see Wall Street felons who should be in prison, running as wild and free as ever.
He will be the same thing to distressed working class whites that Obama was to the black community. A fake messiah and a shyster.
It gets better.
Critics have raised many questions about Mnuchin’s financial dealings, from a lawsuit over pocketing profits in the Bernie Madoff case to his suspiciously quiet exit from the Hollywood production company Relativity Media just before it took huge losses and filed for bankruptcy. Just his association with “vampire squid” Goldman Sachs has motivated some anger. But another part of Mnuchin’s history is more relevant: his chairmanship of OneWest Bank, a major cog in America’s relentless foreclosure machine.
Even among the many bad actors in the national foreclosure crisis, OneWest stood out. It routinely jumped to foreclosure rather than pursue options to keep borrowers in their homes; used fabricated and “robo-signed” documents to secure the evictions; and had a particular talent for dispossessing the homes of senior citizens and people of color.
Read both pieces in their entiriety to see why Trump is the real life version of Elmer Gantry to the max.
Glass-Steagall anyone? not a chance, not a chance in hell.