Following the approval from overwhelming majorities in both the House (419-3) and Senate (98-2), President Trump has just confirmed that he will sign the Russia sanctions bill into law. The confirmation comes despite days of speculation after Anthony Scaramucci told CNN that Trump could sign the sanctions bill or "veto the sanctions and negotiate an even tougher deal against the Russians."
We've spent a lot of time of late discussing Europe's new MiFID II regulations that will go into effect in January 2018 and require investment banks to charge institutional clients separately for trading commissions and research. As we've noted (here and here), initial offer prices are coming in relatively high at around $450,000 per bank...all of which led us to the following conclusions:
Authored by Mike Krieger via Liberty Blitzkrieg blog,
There is a true law, a right reason, conformable to nature, universal, unchangeable, eternal, whose commands urge us to duty, and whose prohibitions restrain us from evil. Whether it enjoins or forbids, the good respect its injunctions, and the wicked treat them with indifference. This law cannot be contradicted by any other law, and is not liable either to derogation or abrogation.
After Thursday's bizarre, widely publicized breakdown by Anthony Scaramucci, Trump had no choice: he had to pick either the former SkyBridge founder or his Chief of Staff, Reince "paranoid schizophrenic" Priebus.
Moments ago Trump made his decision - Priebus has been fired, replaced by retired four-star Marine general John Kelly, and current Homeland Security head, John Kelly who Trump frequently credits for dramatically reducing the number of undocumented immigrants coming into the U.S. from Mexico. He called Kelly "a true star" in a tweet announcing the appointment.
The New Russian Sanctions Bill Is Washington’s Monument To Its Criminality
Paul Craig Roberts