[expat_panama]

This "soak the rich" New York attitude is the kind of thing that I'd really not want to believe about Trump. If anyone has a link showing him saying that he doesn't share it I'd be grateful.

[circlecity]

Whut? The large banking interests are Hillary’s biggest contributors. And that doesn’t include the massive speaking fees. You really think they were paying a quarter million dollars a pop just to hear a 30 minute speech?

[expat_panama]

Ouch!  Waking up Friday morning w/ "uptrend under pressure" and a distribution day as the S&P fell a half % in heavier trade!   Ending the week a bit scary, stock futures are mixed/confused although metals are seen up a smidge.  Profit taking maybe as yesterday's econ reports had lower claims and leading indicators up a tad.

 

FR keyword "economy" active threads:

• Sears to close 78 stores this summer
• Picture: Hardee’s Restaurant Installs “Self Order Stations”
• U.S. jobless claims hit 42-1/2-year low as labor market firms

Possible new threads:

Regulators Do Not Want Bankers Paid for Risk - Matt Levine, Bloomberg
Grim '16 Start for Banks Could Easily Get Worse - Ben Wright, Telegraph
The Fed Is Blind to Global Dollar Misery - Jeffrey Snider, RealClearPolitics
How Trump Made Cruz the Establishment Candidate - Larry Kudlow, NR
Disastrous Kansas Tax Cuts Teach Right Little - Jordan Weissmann, SlateYT
UC Berkeley Touts $15 Wage, Then Fires Hundreds - Editorial, Investor's
U.S. Can Meet Climate Goals Sans Supremes - Mike Bloomberg, Bloomberg
Earth Day Shocker: Capitalism Saves the Planet Pt1 - R.R Richardson, TA

[thoughtomator]

Gasparino is a mouthpiece for Wall Street.

> you’d think big banks have never stopped ripping off the poor, downtrodden consumer and are laughing all the way to their own bank vaults at Americans’ expense

That’s EXACTLY the case.

If it were any different, they’d have the Federal Reserve normalize interest rates. But easy monetary policy is easy money for the banks, no matter the consequences for middle-class savers and retirees.

[rstrahan]

Big Banks love millionares, big corporations, Wall Street. The little guy, the small/micro business, etc, they are a PITA, costs are more than the business is truly worth (when you look behind the curtain). This is why they are looking at ‘negative interest rates’, fees, etc that hit the small guy hardest.

Should the Big Banks be busted up? If Standard Oil, etc warranted breakup, so do the Big Banks.

[CptnObvious]

Yes, just look at your savings account rates for how the Democrats War on Banks has worked out.

The poor don't even get a 1% interest rate and even what they get it taxed.

[yefragetuwrabrumuy]

Surprisingly, Sanders has a simple and very reasonable selling point, that Republicans should consider as a good idea.

If a bank or financial business is “too big to fail” without harming the US economy, then it is “too big to live”, and should be, in an orderly and careful way, subdivided into two or more competing organizations that do not share ownership or management, until they have been “rendered safe”.

And this concept should not be limited to just banks.

[Wolfie]

Yeah, those poor banks, they’re really taking it on the chin. Puh-leeze.

[Chgogal]

What candidates said about Dodd-Frank (It's a PAC, folks):
https://americanbridgepac.org/entire-gop-field-would-repeal-dodd-frank-return-power-to-wall-street/

Trump on Dodd Frank (Varney on October 20, 2015. It's a whole bunch of very interesting stuff. At the 4:44 mark Trump talks about banks large and small:
https://www.youtube.com/watch?v=Ee-tiYf0iyU

Bankers’ opinions on Trump:
http://www.americanbanker.com/news/law-regulation/how-would-banks-handle-a-trump-nomination-1079603-1.html