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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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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!”