Trump appoints wall street barons to head financial agencies

[RickyZ]

The bank only make money when they make loans.
So walk away. Don't make that loan. Pay for everything in cash.
Stopping blaming the Reps, banks, and wall street only.
We the people are equally guilty.

Tell that to 1.5 million Wells Fargo customers. And the 5300 WF employees who were made scapegoats while the executives walked.

Yes we the people need to be a whooole lot more discerning about economics. Populational ignorance is how things got this way. That's what the banks and wall street, well, bank on. All the way to the white house.

 

[Persuaded]

For the record---
I did not vote for Trump or Clinton.
Trump won and is president. I will pray for him and give him a chance to prove me right or wrong in my doubts of him being a good president.
But I believe it is ridiculous to assume that the economy will collapse today because of Trump, the Rep congress, wall street, and the big banks.
EVERYONE must accept that we all have a part in the success or failure of the economy and the country as a whole.

STOPPING BLAMING THE OTHER GUY!

 

[Persuaded]

Tell that to 1.5 million Wells Fargo customers. And the 5300 WF employees who were made scapegoats while the executives walked.

Yes we the people need to be a whooole lot more discerning about economics. Populational ignorance is how things got this way. That's what the banks and wall street, well, bank on. All the way to the white house.

Those people CHOSE to be customers. No one forced them.

 

[RickyZ]

I guess those 1100 workers from Carrier, who still have good paying jobs ONLY because Donald Trump was elected President, aren't middle class!

Actually, 1100 is the number of job positions overall that are being saved, including 300 that were not slated to go to Mexico. Carrier is still exporting 1300 jobs to Mexico, Trump's deal kept 800 more from being transferred. Details are sketchy, but tax breaks and regulatory promises are believed to be what Carrier will receive out of the deal. And pretty much every economist says this kind of action is not scalable.

Long story short, 2100 jobs were destined for Mexico; now 1300 jobs are being exported and 800 kept in the States. What corporate America will gain from such generosity remains to be seen.

But I bet it will be interesting.

 

[Persuaded]

Not really, they'd be a bit more discreet and leashed about it, but what Trump is doing is a blatant in-your-face case of putting the fox in charge of the hen house!

As for the people's participation, yeah that's true to a point. A lot of people participate because they have no choice. When you put in a 50 hour work week, only to be marginally or less compensated, debt becomes a necessity just to survive. Corporate greed helps drive debt by hoarding money and not supporting employees. People who can afford to live are less likely to borrow and live beyond their means.

I see you live in SoCal. I have never been there, but understand it is very expensive to live there.
If you or any one is having a difficult time making a living there, why don't you move.
If a person must borrow money just to have the necessities of life, you are digging a hole you will never get out of.
And it is not my responsibility to bail you out. MOVE.
There are many states where making a living is much less stressful.

 

[RickyZ]

Those people CHOSE to be customers. No one forced them.

You're not familiar with the case, are you..?

 

[RickyZ]

I did not vote for Trump or Clinton.

Well you get a rep in my book for that!

 

[Persuaded]

You're not familiar with the case, are you..?

Every bank's customers are customers by choice. You can not force me to do business with someone if I chose not to do business with them.

 

[RickyZ]

Those who forget history are bound to repeat it. And while I wholeheartedly agree that as humans we need to be smarter, a quick look around will show that's a moot wish. You're right, people are reaping what they are sowing. But that doesn't mean we should just hand over the keys to the hen house to the wolves and dismiss it with a quipped "hey hens wake up!".

 

[RickyZ]

Every bank's customers are customers by choice. You can not force me to do business with someone if I chose not to do business with them.

1.5 million LEGITIMATE customers, people who had no beef with the bank, woke up one morning to find they had cash accounts they never sought out or signed up for. And you're right, most of them are no longer WF customers. But when Chase / Goldman / Bank of America / et al have carte blanch to do the same, where ya gonna go?

You remind me of my tea-party brother. He'll blindly fight to the death for corporate America's right to put him under a bridge. I just don't care to end up there next to him. And he has no right to drag me with him.

 

[Persuaded]

Those who forget history are bound to repeat it. And while I wholeheartedly agree that as humans we need to be smarter, a quick look around will show that's a moot wish. You're right, people are reaping what they are sowing. But that doesn't mean we should just hand over the keys to the hen house to the wolves and dismiss it with a quipped "hey hens wake up!".

I believe that the US is headed for very difficult times.
But i do not believe it is because of Trump, nor would it be because of Clinton if she had been elected.
It will happen because God will judge this nation because it has turned from God and has embraced all kinds of wickedness.
Blame others if you wish. I blame us all.

 

[Persuaded]

1.5 million LEGITIMATE customers, people who had no beef with the bank, woke up one morning to find they had cash accounts they never sought out or signed up for. And you're right, most of them are no longer WF customers. But when Chase / Goldman / Bank of America / et al have carte blanch to do the same, where ya gonna go?

You remind me of my tea-party brother. He'll blindly fight to the death for corporate America's right to put him under a bridge. I just don't care to end up there next to him. And he has no right to drag me with him.

Corporate America can only do what we the people allow by participating in their schemes.
If they "put you under a bridge", that is your fault. It is not my fault, Trump's fault, or any one else. Accept the responsibility.
I shop at locally owned businesses unless I can not find what I need.
I do not have any credit cards.
I have a bank account in a local bank that is used very little.
I have never had a loan from a bank or any other source in my life.
I do not have a credit score.
If I can not pay cash, I go without.

 

[maxwel]

Realistically, there are legitimate concerns with big governments AND big businesses... because all men are sinners, and part of the same fallen race.

Some solutions are better than others, but there is no "perfect fix".
We're in a fallen world.
Men will always take advantage of other men.

 

[peacenik]

Actually, 1100 is the number of job positions overall that are being saved, including 300 that were not slated to go to Mexico. Carrier is still exporting 1300 jobs to Mexico, Trump's deal kept 800 more from being transferred. Details are sketchy, but tax breaks and regulatory promises are believed to be what Carrier will receive out of the deal. And pretty much every economist says this kind of action is not scalable.

Long story short, 2100 jobs were destined for Mexico; now 1300 jobs are being exported and 800 kept in the States. What corporate America will gain from such generosity remains to be seen.

But I bet it will be interesting.

Interestingly, Sarah Palin voiced objection to Trump's move:



[h=1]Sarah Palin: Trump's Carrier deal is 'crony capitalism'[/h]

Another conservative is calling “crony capitalism” on Donald Trump’s deal with Carrier, albeit an unexpected one — Sarah Palin.

In an op-ed for the website Young Conservatives, the former Alaska governor allowed that the details behind the manufacturer’s decision to keep some 1,000 jobs in Indiana at the president-elect’s behest, rather than move them to Mexico, are not yet clear. But touting the value of free markets, Palin signaled her disapproval if it was a case of “political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist.”

“When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent,” she asserted.

And in an apparent jab at Trump, whom she famously endorsed in a rambling speech earlier this year, she asked: “Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail.”

Sarah Palin: Trump's Carrier deal is 'crony capitalism' - POLITICO








Palin is not alone. Other conservatives criticize this as a form of "welfare" for corporate elites:


http://www.aei.org/publication/team...-taxpayer-money-before-they-even-take-office/

Trump's Carrier deal confuses corporate welfare with free markets | Washington Examiner

 

[peacenik]

You're not familiar with the case, are you..?

Wells Fargo sued by customers over fraudulent accounts - Sep. 16, 2016


I agree with you that when one is defrauded it can hardly be said to be a ''choice''.

 

[maxwel]

Interestingly, Sarah Palin voiced objection to Trump's move:



Sarah Palin: Trump's Carrier deal is 'crony capitalism'



Another conservative is calling “crony capitalism” on Donald Trump’s deal with Carrier, albeit an unexpected one — Sarah Palin.

In an op-ed for the website Young Conservatives, the former Alaska governor allowed that the details behind the manufacturer’s decision to keep some 1,000 jobs in Indiana at the president-elect’s behest, rather than move them to Mexico, are not yet clear. But touting the value of free markets, Palin signaled her disapproval if it was a case of “political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist.”

“When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent,” she asserted.

And in an apparent jab at Trump, whom she famously endorsed in a rambling speech earlier this year, she asked: “Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail.”

Sarah Palin: Trump's Carrier deal is 'crony capitalism' - POLITICO








Palin is not alone. Other conservatives criticize this as a form of "welfare" for corporate elites:


http://www.aei.org/publication/team...-taxpayer-money-before-they-even-take-office/

Trump's Carrier deal confuses corporate welfare with free markets | Washington Examiner

I'm thinking Sarah Palin must not have gotten that job on the Cabinet she wanted.

: )

 

[Smoke]

Banks and wall streeters did learn... that they aren't accountable. They went right back to using their same old bag of tricks. And now that they rule the presidency, the house, the senate, and the cabinet, you can bet the fiasco of 2008 is going to be just a drop in the bucket compared to what they are brining down the pike.

I couldn't agree more... They learned they are too big to fail... that they can take advantage of the American people and while the people may crumble into ashes, they get a golden parachute.

I just pray none of the appointed Wall Street elites aren't like the rest of the swamp (Goldman Sachs)... I pray he's the outlier and not the norm.

 

[Sirk]

I'm thinking Sarah Palin must not have gotten that job on the Cabinet she wanted.

: )

People don't like Sarah until they do.....lol. Oh wait....maybe they do like her until they don't....I'm so confused.

 

[CharlieGrown]

I'm thinking Sarah Palin must not have gotten that job on the Cabinet she wanted.

: )

Not a fan of that.

 

[peacenik]

Trump promised to "drain the swamp":

Who next?