Completely Unwoven: Business, Economics, and Tax Policy 4.0

[Kepler]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

The man comes from Goldman Sachs, an institution that's intertwined with everything that Glass-Steagall forbade. Supporting GS would be to tear that company apart, create a lot of expenses in the process, and create what many would view as simple accounting trickery. Who will be the owners of the new companies if you split apart the banks? Well, it would be the people who own stock in the current banks that get split. It's the same net effect in ownership, only now you're paying the salaries of multiple boards, executive teams, etc. He would make some sort of economies of scale argument against the split.

I am, however, curious as to how they are going to ratf-ck us, what cover story they'll use, and how blatant it will be.

This is such a weird situation because Trump, who can only hold at most one idea in his head at once, thinks he is anti-Bank. But simultaneously he picks a finance team that is the distilled essence of Predatory Banking.

To avoid a financial psychotic break, I think they're just going to have to lie. They're going to announce the "Break Up Too Big To Fail" Plan which specifies that Goldman must now own in full any financial institution that does any business in the US.

[joecct]

I am, however, curious as to how they are going to ratf-ck us, what cover story they'll use, and how blatant it will be.

This is such a weird situation because Trump, who can only hold at most one idea in his head at once, thinks he is anti-Bank. But simultaneously he picks a finance team that is the distilled essence of Predatory Banking.

To avoid a financial psychotic break, I think they're just going to have to lie. They're going to announce the "Break Up Too Big To Fail" Plan which specifies that Goldman must now own in full any financial institution that does any business in the US.

Da Banks: Donald, you're not going to be president forever. When you return to private life, where are you going to get credit for your next project? F with us and you can forget about building anything but Legos.

[joecct]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

We have PeaPod down here to order groceries via the internet. Now it will be your double double or Whopper

http://www.ctvnews.ca/mobile/busines...d245235eda2367

[FlagDUDE08]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

Mnuchin said he doesn't support returning to Glass-Steagall but said he supports a "21st century GS"

I'm interested what this means and what he proposes.

I wouldn't be surprised if one reference is rules about how banks are prohibited from crossing state lines. It's also one of the big talking points about the replacement of the PPACA.

[St. Clown]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

We have PeaPod down here to order groceries via the internet. Now it will be your double double or Whopper

http://www.ctvnews.ca/mobile/busines...d245235eda2367

For $1.50 I can go to a website that has passed my company's security clearance and have that delivery company bring me food from a rotating list of restaurants. Easy peasy, Taiwanesee.

[FlagDUDE08]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

We have PeaPod down here to order groceries via the internet. Now it will be your double double or Whopper

http://www.ctvnews.ca/mobile/busines...d245235eda2367

Chick-Fil-A beat them to it. https://chick-fil-a.alohaorderonline.com/

[joecct]

Chick-Fil-A beat them to it. https://chick-fil-a.alohaorderonline.com/

Except on Sunday. Then you get the 404 error.

[5mn_Major]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

Is it me or has Wells Fargo's customer service plummeted? We've been banking with them since the Norwest days and they were stellar. Every month there's a new problem...beyond the boatloads of ethical issues. Simple trading with even a preferred member account has become a nightmare.

[ScoobyDoo]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

Is it me or has Wells Fargo's customer service plummeted? We've been banking with them since the Norwest days and they were stellar. Every month there's a new problem...beyond the boatloads of ethical issues. Simple trading with even a preferred member account has become a nightmare.

Agree on all counts. They probably are headed down the sewer. No surprise.

[joecct]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

Southwest was never like this!

[5mn_Major]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

Agree on all counts. They probably are headed down the sewer. No surprise.

I just sent in a trade to Wells Fargo to short a stock...and was told there was a 50% charge to the total value of the trade. That is to say, if the stocks traded have a value of $1000...then there is a $500 fee.



Pursuing it.

[FlagDUDE08]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

I just sent in a trade to Wells Fargo to short a stock...and was told there was a 50% charge to the total value of the trade. That is to say, if the stocks traded have a value of $1000...then there is a $500 fee.



Pursuing it.

Note to self: Don't use that broker...

And I thought my biggest headache was having to correct every line of the 8949 to include commissions...

[St. Clown]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

I just sent in a trade to Wells Fargo to short a stock...and was told there was a 50% charge to the total value of the trade. That is to say, if the stocks traded have a value of $1000...then there is a $500 fee.



Pursuing it.

Are they making the market on that stock? For stocks that aren't NASDAQ, NYSE, etc. traded, or nearly all penny stocks, a broker will have to make a market and will charge a premium rate to do that. If not, you might want to look into a new broker.

[Kepler]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

While this may have been canceled for longstanding policy reasons, it is interesting that this would be canceled. I suspect if it was to honor Our Brave War Fighters it would not have been.

We need to have this discussion everywhere. Sadly, if we are ever going to seriously address poverty we will have to make the face of poverty a white child.

[FadeToBlack&Gold]

Re: Completely Unwoven: Business, Economics, and Tax Policy 4.0

Southwest was never like this!

Pretty crazy what oil money will buy you. I'm in the wrong racket - should've gotten into big energy or drugs.