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February 06, 2017

Trump Admin. Continues to Float Protester Conspiracy

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In his first few weeks in office, Donald Trump has faced relentless agitation from people in the streets, with protesters reacting to his Muslim Ban executive order, his anti-immigration plans, and the appointment of white nationalist Steve Bannon to a top job in the White House. In response, the administration has, without proof, spun an elaborate tale for all the dissent. Speaking to Fox News on Monday, Sean Spicer again floated the idea that protesters who’ve taken to the streets against Trump and alt-right figureheads like…

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Trump Dodd-Frank Assault Could Move $100 Billion from Banking Reserves to Shareholders of Six Largest Firms

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The Trump administration’s recent push to roll back Dodd-Frank could see massive amounts of wealth transferred from buffers on financial instability directly to owners of the largest banks in the country. A reversal of post-crisis regulations ordered by the White House could eventually see some $100 billion move from banking reserves directly to shareholders of the six largest financial firms, the Wall Street Journal reported on Sunday night. Relaxed rules would likely see banks use existing reserves to finance higher divided payments and stock buy-backs—moves that…

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