Posted on 04/20/2017 7:20:09 PM PDT by Innovative
U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business.
A White House official said on Thursday that Trump will issue an executive order directing the Treasury on the tax issues. He will also issue two memoranda asking for reviews of two parts of the 2010 Dodd-Frank Wall Street reform law - the Orderly Liquidation Authority that sets out how big banks can wind down during a crisis and the Financial Stability Oversight Council (FSOC), which is made up of the country's top regulators.
(Excerpt) Read more at reuters.com ...
Go, Trump! MAGA.
How about prosecuting their corrupt officials from the Obama era?
OBAMA GAVE RHAM EMANUEL TWO KEY JOBS Soon as they occupied the WH, Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (oversees the IRS).
PAUSE TO REFLECT First-term Obama had tight control of Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role
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THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.
When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
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Pres Trump needs to suggest AG Sessions make an inquiry to the US Dept of the Treasury and be sure to ask what RAHM AND Obama were doing in the US Treasury after Obama got elected.
Treasury prolly HAS a huge Rahm/Obama paper trail. One can get awfully rich awfully fast knowing the Fed's Treasury moves in advance.
But the Iran connection could prove to be even more interesting considering the hundreds of millions Obama secretly gave to Iran.
The price tag for the Wall Street bailout is popularly put at $700 billion—---the actual size of TARP--the Troubled Assets Relief Program.
But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.
PAUSE TO REFLECT First-term Obama had tight control of the US Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role.
To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
We sure cant rely on the lazy WORTHLESS Congress to get it done. Lyin’ Paul Ryan is probably planning his next 3 WEEK vacation.
But then Arizona re elected McStain; Linda got re elected again; Mike Lee and Mia Love were re elected in Utah again...so I guess Wisconsin is just following the rest of the idiots by re electing RINO RYAN!!!
Good....Dodd-Frank MUST go!
Yes. By now tens of millions are aware or becoming aware of that Obama was a puppet and opportunist of a Wall St. Ponzi scheme.
Prosecuting those responsible would go a very long way to reestablishing trust in markets.
See also article at:
Or at least letting them go!
Isn’t that arrogant ###hole who testified still in charge?
Thanks for the link and info at Post #4
Behind The Real Size of the Bailout
A guide to the abbreviations, acronyms, and obscure programs that make up the $14 TRILLION federal bailout of Wall Street
http://www.motherjones.com/politics/2009/12/behind-real-size-bailout
I want to see Budget cuts legislated first, then lower taxes legislated after that this year. Cut those Federal Departments or abolish them first. Lets stay under the ceiling and balance the budget....MAGA.
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