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“Alternative Facts” Illustrated

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Thanks, Ace. Apparently, Carlos Slim’s media outlet just pretty much sends out Democrat Party Talking Points unedited. And Government Propaganda Radio is not much better.

Comments

  1. Yeah, I heard a discussion of this on Fox News and one of the points brought up was that Dodd-Frank hurt small banks far more. The unintended consequences of the regulation were driving them out of business.

  4. As I naively-understand, Dodd-Frank is so overly-broad in it’s language with respect to “fiduciary” that unless you have a 7-digit retirement plan, you basically will not be able to get financial advice or retirement planning from a professional broker or a financial adviser without paying a steep fee. The real winner in D-F was to be those rat-bastard insurance annuity salesmen and their commissions since the insurance companies weren’t covered by the restrictive language.

  5. Minor correction: it’s no longer “Goverment Propaganda Radio”, it’s Anti-Goverment Propaganda now. I’ve started listening again during the Obscene Profit breaks on Capitalist Pig radio. While I never had much of an opinion before, listening to it now I can’t but wonder why they are getting any Public funding whatsoever.

    As for Dodd-Frank, I go with Guilt by Association. I read roughly the first thousand pages of the Patient Protection And Affordable Care Act before I lost too much sanity to continue. From the context, I gathered that D-F was just the Finance version of the ACA and that if I could understand the lingo, I’d realize that it was just a big a disaster/boondoggle as Obamacare.

  6. Wall Street LOVES regulations. All the costs can be passed on to consumers/clients (with an upcharge). The burdensome regulations make mid sized institutions ripe for take-over and puts up a significant barrier for smaller institutions to grow. This is why Wall Street LOVED Mrs. Clinton and why Ms. Warren is such a hypocrite.

  7. Oh it’s still Government Propaganda Radio. The Civil Service bureaucracy is full of stay-behinders and unreconstructed Socialists actively and passively “resisting” the Trump Admin., leaking to the Fake News Press, …and some even coordinating or even conspiring with Obama loyalists up-to and crossing the line of the Hatch Act.

    I think the President flew to Mar-a-Lago just to to have meetings away from the spies, leakers and keyhole-listeners in Washington. Demonstrably there are those at Langley, the Pentagon, DOJ and at State actively working against the President and his agenda. Hopefully while he’s away he had Jared call in the Janitors to sweep the West Wing and the Family quarters for “pests”. It’s fairly-difficult to eavesdrop on a group playing golf out in the open. Offices, limos and even planes can be surveilled…

  9. Ted B., I little while ago one of the other blogs discussed what movies the Inauguration are reminiscent of. One that was left out is Dune, as for years to come they’ll be finding traps, spies and assassins left behind by the Harkonnens.

  10. @6: Exactly. The thing politicians and bureaucrats have to sell is influence over regulation. Those with deep pockets then purchase the influence; smaller players are screwed.

    I saw this a long time ago (in the private sector) when the buzzword was “ISO-9000”. ISO didn’t speak to quality issues, only process and documentation – and a lot of it. Large firms could afford the overhead and audits; small firms couldn’t and, thus, lost out on business where ISO-9000 was a requirement.

    You can build a Ford Pinto in an ISO process.

    The fact that Too Big To Fail banks got even bigger and smaller banks disappeared tells me that D-F was a failure (if success is defined as beneficial to Main Street).

  11. “Too Big To Fail banks got even bigger”

    About a year from now the leftist media will make this a yuuuge issue. Of course, they will leave out the pesky timeline facts while blaming it on Trump.

  13. By tomorrow morning, the aNnoying Propaganda Radio (NPR) types will have moved on from Dodd-Frank to something they’ll be even more exercised about: how the Russians hacked the Super Bowl (and why it was all Trump’s fault).