BROWSE BY TOPIC
Stories of Interest
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- 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
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.
The Mouths That Roared
[Photo: Mohammad Ali / goldinauctions.com]
The Theodore Roosevelt administration in 1900 was guided by the now-famous ideology: "Speak softly, and carry a big stick; you will go far." It's a proverb advising the tactic of caution and non-aggression, while holding a decisive weapon in reserve, if so required.
However, this is 2017, and the Donald Trump administration is guided by a more outspoken and demonstrable ideology. And from what we have seen, words can be a two-edged sword. Strong and salty language got Trump elected. But now, they're interfering with his ability to move forward with his agenda.
Two articles on CNBC address some problems facing Donald Trump's travel ban.
- 'Trump Undermines New Travel Ban: 'This Is Watered-Down Version of First One'
'Actions Speak Louder Than Words'. While there are many ways one can interpret or apply this iconic aphorism, in this instance we're taking it mean that words uttered by an undisciplined person can undermine the perception of their actions.
At Wednesday's rally, Trump says: "This is watered-down version of the first one." This statement utterly belies his intention to make right what was essentially wrong with the first order. Trump then confirms this by adding: "And let me tell you something, I think we ought to go back to the first one and go all the way (through the legal system), which is wanted I wanted to do in the first place."
And, of course, television appearances by Trump's adviser Rudy Giuliani and White House policy adviser and campaign speechwriter Stephen Miller helped to 'seal the deal'. In a bit of unbridled hybris, Giuliani said: "When [Mr. Trump] first announced it, he said, 'Muslim ban.' He called me up. He said, 'Put a commission together. Show me the right way to do it legally'."
Then, on 2/21/17, when commenting on the then-upcoming revision to the Executive Order, Stephen Miller stated, "Fundamentally, [despite "technical" revisions meant to address the Ninth Circuit's concerns in Washington,] you're still going to have the same basic policy outcome [as the first]."
You can look it up. The above quotes were mentioned in the court ruling written by Federdal Judge Derrick Watson.