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Mnuchin Dashes Banker Hopes That Prop Trading Is Coming Back

What a difference a week makes.

On January 23, Reuters reported that dialing back the Volcker Rule which limits banks' ability to engage in speculative investments using their own balance sheet, has emerged a top priority for President Donald Trump's nominee for U.S. Treasury secretary, Steve Mnuchin.  In written responses to questions posed by members of the U.S. Senate Finance Committee, Mnuchin said he would use his role as head of the interagency Financial Stability Oversight Council to give the Volcker Rule a stricter definition of proprietary trading.

President Trump Fires ‘Treasonous’ Attorney General

President Trump fired Attorney General Sally Yates on Monday night for ‘treasonous’ acts against the United States.  The Acting Attorney General defied President Trump’s wishes to block potential terrorists from entering America by refusing to defend his controversial executive order in court. The firing comes after the Obama supporting Democrat told Trump that she would not defend his decision to temporarily halt immigration from seven majority-Muslim countries – warning him she would undermine and ignore all of his orders.

The Left Is Self-Destructing: Paul Craig Roberts Rages "The Mindlessness Is Unbearable"

The Left Is Self-Destructing: Paul Craig Roberts Rages "The Mindlessness Is Unbearable"

Authored by Paul Craig Roberts,

The mindlessness is unbearable.

Amnesty International tells us that we must “fight the Muslim ban” because Trump’s bigotry is wrecking lives.

 

Anthony Dimaggio at CounterPunch says Trump should be impeached because his Islamophobia is a threat to the Constitution.

This is not to single out these two as the mindlessness is everywhere among those whose worldview is defined by Identity Politics.

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