BROWSE BY TOPIC
Stories of Interest
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
- BigLaw Hogan Lovells Announces Hundreds of Buyouts, Layoffs - Almost 500 Affected
- Faith-Based Advisor Censured for Selling Class A Shares to Clergy
- After FINRA Bar, CFP Board Suspends Texas Advisor
- iCapital Network to Acquire U.S. Private Equity Access Fund Platform from Deutsche Bank
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.