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Stories of Interest
- I Owned Bitcoin For a Weekend and Here's What I Learned
- SEC Appoints New Chair and Board Members to PCAOB
- FINRA, Georgetown Team Up to Deliver 'Certified Regulatory and Compliance Professional' Program
- FINRA Board Meeting - This Week's Agenda
- Statement on Cryptocurrencies and Initial Coin Offerings - SEC Chair Clayton
- Company Halts Initial Coin Offering Over SEC Registration Concerns
- Kevin O'Leary Explains One Big Thing People Don't Understand About Bitcoin (But Need To)
- CME Bitcoin Futures: A Better Way to Buy (or Short) Bitcoin?
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
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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.