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Re: The First Trump term.

Posted: Thu Feb 02, 2017 4:29 pm
by Leisher
Sarah Silverman wants a military coup to overthrow Trump.

This is a whole other level of stupidity.

Re: The First Trump term.

Posted: Thu Feb 02, 2017 4:47 pm
by TheCatt
Hey Sarah, if you weren't so wrong about gun control, you could do it yourself.

Re: The First Trump term.

Posted: Thu Feb 02, 2017 5:04 pm
by TPRJones
No, no, the military are experts at guns. They work for the government which gives them magical powers to be the masters of guns. You can only have this magical power if you work for the government, though. Regular citizens are incapable of using them for good.

Duh.

Re: The First Trump term.

Posted: Thu Feb 02, 2017 5:42 pm
by Malcolm
You'll forgive me if I take this less seriously than its face value, especially coming from someone who gets paid based on how much attention people pay to her.

Micro-dicked douchebag displays his bruised pussy of an ego:
“They hired a big, big movie star, Arnold Schwarzenegger, to take my place. And we know how that turned out. The ratings went down the tubes,” Drumpf joked, prompting laughter from the audience. “I want to just pray for Arnold, if we can, for those ratings.”

Re: The First Trump term.

Posted: Thu Feb 02, 2017 6:19 pm
by Malcolm
Hey, look who's bought and sold.
Price introduced the Patient Access to Durable Medical Equipment Act on May 12, a week after McKesson warned in its annual report to stockholders that its profits and those of its clients were at risk because of cuts faced in Medicare payments. Price's stockbroker informed him of the purchase in early April, according to a report Price submitted to the House.

Price's bill reversed cuts in reimbursement to makers of home medical beds and other equipment. McKesson, which bills itself as the oldest and largest health care company in the world, distributes drugs, medical supplies and equipment including beds and lifts for homes.
So ... late April: dude buys stock. Mid May: dude introduces legislation to help the company he bought stock in. No conflict of interest there.
Since 2012, Price has traded shares worth more than $300,000 in about 40 health-related companies, according to a Wall Street Journal analysis. At the same time, Price was on the House Ways and Means Committee’s subcommittee on health working on measures that could affect his investments.
The hell?

Re: The First Trump term.

Posted: Thu Feb 02, 2017 6:33 pm
by Malcolm
Are you mentally deficient to the point that you can't handle your own finances or daily life? Well, good news.
The House has voted to scrap an Obama administration regulation extending background checks for disabled Social Security recipients mentally incapable of managing their own affairs.
...
Those fitting the criteria have a mental disorder so severe that they cannot work and need a representative to manage their benefits. The administration projected that the regulation would affect about 75,000 beneficiaries.
You don't trust these people to get to work or even balance a checkbook, but you're fine with letting them buy a .45?
"There are people who need help and seek help, but that is not a criteria for taking away one's constitutional right" to own a gun, said Rep. Pete Sessions, R-Texas.
Really? Being a felon is enough to take away your first amendment right to vote, but having a medical professional declare you touched in the head isn't enough to require some extra scrutiny for the second amendment rights? Sounds legit. And now that I think about it, why the fuck don't we have a 3-day waiting period of voting?

Re: The First Trump term.

Posted: Fri Feb 03, 2017 1:58 pm
by Troy
Goldman Sachs busy "advising" trump on how to drain the swamp: http://www.foxnews.com/politics/2017/02 ... -rule.html

Definitely not buying a house anytime soon.

Re: The First Trump term.

Posted: Fri Feb 03, 2017 2:01 pm
by GORDON
OMG LEARN THE URL TAGS ALREADY OMGF

Re: The First Trump term.

Posted: Fri Feb 03, 2017 4:02 pm
by TheCatt
1) This is one place where I disagree with Trump.

2) It's amazing how much executive power there is, right?

Re: The First Trump term.

Posted: Fri Feb 03, 2017 4:26 pm
by Troy
TheCatt wrote: 2) It's amazing how much executive power there is, right?
He's being amazingly upfront about it.
“We expect to be cutting a lot out of Dodd-Frank, because frankly I have so many people, friends of mine, that have nice businesses and they can’t borrow money,” he continued. “They just can’t get any money because the banks just won’t let them borrow because of the rules and regulations in Dodd-Frank. So we'll be talking about that in terms of the banking industry.”
It isn't that hard to get a loan right now if you are even a little bit qualified. I get offers in the mail constantly. Pre-approved! $50k-just-for-being-alive type loans.

Sounds like his "friends" want to over-leverage their banks again. Sounds fucking wonderful. Nothing catastrophic could ever happen.

Re: The First Trump term.

Posted: Fri Feb 03, 2017 4:29 pm
by Troy
Just... WTF.
He also will immediately undo Obama’s fiduciary rule, which requires advisers on retirement accounts to work in the best interest of their clients rather than recommending investments that will increase the advisers’ fees

Re: The First Trump term.

Posted: Fri Feb 03, 2017 4:38 pm
by Malcolm
Troy wrote:Just... WTF.
He also will immediately undo Obama’s fiduciary rule, which requires advisers on retirement accounts to work in the best interest of their clients rather than recommending investments that will increase the advisers’ fees
He's probably trying to convince his sons to get into the financial advising biz.

Re: The First Trump term.

Posted: Fri Feb 03, 2017 5:43 pm
by TheCatt
Troy wrote:Just... WTF.
He also will immediately undo Obama’s fiduciary rule, which requires advisers on retirement accounts to work in the best interest of their clients rather than recommending investments that will increase the advisers’ fees
What happens when you have 'rules' instead of laws.

But to be clear, I'm not entirely sure the rule ever went into effect after being announced last year?

Re: The First Trump term.

Posted: Fri Feb 03, 2017 6:24 pm
by Troy
TheCatt wrote: But to be clear, I'm not entirely sure the rule ever went into effect after being announced last year?
Quick research shows it was supposed to go into effect in April and the AARP was its biggest supporter.

Re: The First Trump term.

Posted: Fri Feb 03, 2017 6:47 pm
by Malcolm
Troy wrote:
TheCatt wrote: But to be clear, I'm not entirely sure the rule ever went into effect after being announced last year?
Quick research shows it was supposed to go into effect in April and the AARP was its biggest supporter.
God knows I oppose most of the things that entitlement-bloated organization advocates for, but this seems to be a fairly clear case of "how in the fuck is NOT working for your client and lining your own pockets legal?" I don't want to go into a financial adviser with the same skeptical mindset I'd give a new mechanic.

Re: The First Trump term.

Posted: Fri Feb 03, 2017 6:53 pm
by Vince
Troy wrote:Just... WTF.
He also will immediately undo Obama’s fiduciary rule, which requires advisers on retirement accounts to work in the best interest of their clients rather than recommending investments that will increase the advisers’ fees
This one doesn't immediately bother me, mostly because "to work in the best interest of their clients" is rather subjective and seems more like a federal control thing than anything that would actually help an individual. I mean, in the progressive's mind the best way to keep me safe is to take away my firearms.

Without knowing more details, I'm okay with this because I'm more prone to trust the individual working with the financial planner to know what's going on in that individual's portfolio way more than I trust a bureaucrat hundreds of miles away to know what's going on.

Re: The First Trump term.

Posted: Fri Feb 03, 2017 6:59 pm
by Malcolm
Vince wrote:
Troy wrote:Just... WTF.
He also will immediately undo Obama’s fiduciary rule, which requires advisers on retirement accounts to work in the best interest of their clients rather than recommending investments that will increase the advisers’ fees
This one doesn't immediately bother me, mostly because "to work in the best interest of their clients" is rather subjective and seems more like a federal control thing than anything that would actually help an individual. I mean, in the progressive's mind the best way to keep me safe is to take away my firearms.

Without knowing more details, I'm okay with this because I'm more prone to trust the individual working with the financial planner to know what's going on in that individual's portfolio way more than I trust a bureaucrat hundreds of miles away to know what's going on.
It means they can recommend stocks and other financial trickery whereby their fees go higher while the client's return is unaffected (at best) or negatively affected (at worst). It's bullshit.

Re: The First Trump term.

Posted: Fri Feb 03, 2017 8:29 pm
by TheCatt
Vince wrote: This one doesn't immediately bother me, mostly because "to work in the best interest of their clients" is rather subjective and seems more like a federal control thing than anything that would actually help an individual. I mean, in the progressive's mind the best way to keep me safe is to take away my firearms.

Without knowing more details, I'm okay with this because I'm more prone to trust the individual working with the financial planner to know what's going on in that individual's portfolio way more than I trust a bureaucrat hundreds of miles away to know what's going on.
A fiduciary responsibility for these people is important, and I believe, absolutely should happen. The AARP supports the legislation due to the large # of older people taken advantage of by unscrupulous people. My FIL went to an investment advisor who was pitching him ABSOLUTELY ABSURD products. And my FIL was tempted. But, he knows me and asked me to review the stuff. It was complete garbage. How did my FIL meet this guy? He does free local seminars on Social Security, looking for old people to screw over.

One of my own grandfathers was a millionaire in the mid-80s, his wife had done the investing, and passed away in the early 80s. He fell in with an investment advisor who had him doing all sorts of crazy things, like trading on margin. Along comes black Monday, and practically wipes him out.

The beauty of the fiduciary duty is that from a regulatory perspective, it's fairly lightweight. It's not 100 billion rules to comply with, it's 1. And it gives people a way to sue to claim damages, while also providing for a large incentive for people to actually HELP their clients.

Re: The First Trump term.

Posted: Fri Feb 03, 2017 8:31 pm
by GORDON
Image

Re: The First Trump term.

Posted: Sat Feb 04, 2017 9:07 am
by Vince
TheCatt wrote: A fiduciary responsibility for these people is important, and I believe, absolutely should happen. The AARP supports the legislation due to the large # of older people taken advantage of by unscrupulous people. My FIL went to an investment advisor who was pitching him ABSOLUTELY ABSURD products. And my FIL was tempted. But, he knows me and asked me to review the stuff. It was complete garbage. How did my FIL meet this guy? He does free local seminars on Social Security, looking for old people to screw over.

One of my own grandfathers was a millionaire in the mid-80s, his wife had done the investing, and passed away in the early 80s. He fell in with an investment advisor who had him doing all sorts of crazy things, like trading on margin. Along comes black Monday, and practically wipes him out.

The beauty of the fiduciary duty is that from a regulatory perspective, it's fairly lightweight. It's not 100 billion rules to comply with, it's 1. And it gives people a way to sue to claim damages, while also providing for a large incentive for people to actually HELP their clients.
I hate to hear about you relatives being screwed over and attempted screwed over. I know that happens a lot, and I'm not discounting that. I like them being able to sue. I think that's the proper way for this to be handled rather than a bunch of federal regulations. Just a preference of "when in doubt, don't give it to the federal government". Keep it at the local and state level, as this is certainly out of the purview of responsibilities of the federal government outlined in the Constitution.

AARP is pretty much a liberal Democrat organ. My parents bailed on them years ago because of the leftist crap they push.