BROWSE BY TOPIC
Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Donald Trump & Co.
Beware: Trump Proposes Low Budget Request for Mexico Border Wall
[Image: Cowboy Posse, by William H D Koerner / American Gallery]
by Howard Haykin
So, Donald Trump’s proposed budget is out for viewing, and he’s asking $1.6 billion to begin building a wall along the border with Mexico – significantly less than the amount needed to complete a project that few politicians, Democrat or Republican, want. Should we take this as a positive sign? No. An emphatic No!
While Trump continues with his campaign rhetoric that he’ll find a way for Mexico to repay the U.S. for construction of the wall, some Republican leaders in Congress have said he first needs to demonstrate broader support for this “big, beautiful wall.” Members of the House Freedom Caucus said earlier this year that Trump would have to show how he would offset the cost of a wall. Democrats flatly oppose the proposed wall.
If Trump's budget request is passed, enabling him to cover nearly 10% of the estimated total cost of a border wall, rest assured that Donald Trump will exert every last ounce of energy chipping away at opposition - as he incrementally obtains the needed funds to complete the project that few want.
Take a cue from Ronald Reagan, who would say in his Old Wild West movies : “LET’S CUT 'EM OFF AT THE PASS!”