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- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
- A Culprit for Financial Site Glitches: You and Your Apps
- Investor Protection, Capital Formation and Market Integrity Are Top Priorities in SEC Budget Request
- We Must Stop Out-Of-Control Trading or U.S. Capitalist System Will Break Down - Dick Bove
- SEC Launches Share Class Selection Disclosure Initiative to Encourage Self-Reporting and the Prompt Return of Funds to Investors
- BofA CEO Moynihan Got $23Mn Compensation for 2017 – a 15% Pay Raise
- Former Credit Suisse ‘Star’ Gets 5-Year Jail Term For "Clever Fraud"
- FINRA: Perspectives on Customer Arb Award Recovery
- FINRA: Amend Membership App Program to Incentivize Arbitration Award Payments
- Goldman's #2 Allegedly Swindled Out of $1.2Mn of Wine by Assistant
- FINRA Publishes Annual Budget Summary - No Fee Rate Increases for Member Firms
- CFTC Chairman Giancarlo Names Maggie Sklar Senior Counsel
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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!”