Are you sadistic?

justin_o_guy2 wrote on 10/08/16 at 14:04:02:



Did you really enjoy it?

justin_o_guy2 wrote on 10/08/16 at 21:44:39:


Yes.
Different types of cherries.

Ray, I'm betting you're not alone in Not reading any of it.



Apprentice,’ or the roughly $45 million he was paid between 1995 and 2009 when he was chairman or chief executive of the publicly traded company he created to assume ownership of his troubled Atlantic City casinos. Ordinary investors in the new company, meanwhile, saw the value of their shares plunge to 17 cents from $35.50, while scores of contractors went unpaid for work on Mr. Trump’s casinos and casino bondholders received pennies on the dollar.”

The difference between wiped-out shareholders in Trump’s publicly traded company and wiped-out shareholders in Wall Street’s publicly traded companies is that with Trump we’re talking about millions of dollars and with Wall Street firms we’re talking about billions and a rigged, institutionalized wealth transfer system.

When Trump took his Trump Hotels & Casino Resorts public in 1995, it raised $140 million from the public. It’s true that shareholders lost approximately 90 cents on the dollar as a result of his bankruptcy. But those losses are chump change in comparison to the geniuses on Wall Street.

In 1998 Sandy Weill and John Reed merged the FDIC-insured Citibank with Salomon Smith Barney, an investment bank and brokerage firm, and insurance companies controlled by Travelers Group to create the global behemoth known as Citigroup. The duo initially served as Co-Chairmen and Co-CEOs. At the time, the deal violated the Glass-Steagall Act, the Depression era law which barred firms primarily engaged with underwriting securities to affiliate with insured banks.

The Bill Clinton administration would obligingly repeal the Glass-Steagall Act the year after the Citigroup merger and Clinton’s Treasury Secretary, Robert Rubin, would promptly take a seat on Citigroup’s Board, pulling down $126 million in compensation over the next decade.

According to the Center for Responsive Politics, Citigroup ranks as one of the top five donors to Hillary Clinton over the course of her career in public office. JPMorgan Chase and Goldman Sachs also register in the top five. (The monies come from employees and/or family members or PACs of the firms, not the corporation itself.) Citigroup has also paid the Clintons massive sums in speaking fees over the years and provided a $1.995 million mortgage to allow the Clintons to buy their Washington, D.C. residence at the end of Bill Clinton’s presidency – a time when Hillary Clinton says the couple was “dead broke.” Citigroup has also committed $5.5 million to the Clinton Global Initiative, a controversial charity run by the Clintons.

The Citigroup banking model became known variously as “universal banking” or the “financial supermarket” and finally, after the collapse of Wall Street and massive taxpayer bailout in 2008, the “too-big-to-fail” banking model.

The New York Times editorial page stridently advocated for the repeal of the Glass-Steagall Act on behalf of its hometown geniuses on Wall Street. In 1988 it wrote: “Few economic historians now find the logic behind Glass-Steagall persuasive.” In 1990 it said that the idea that “banks and stocks were a dangerous mixture” “makes little sense now.” In the same year it added that Glass-Steagall was among the laws that “stifle commercial banks.”

On April 8, 1998 the editorial page gushed over the Citigroup deal, writing:


There's a lot of real in that.
The media is working overtime to paint trump as a criminal  and, or, idiot.
Strangely, I was able to Show, based on , Not biased reporting, but obvious fact, that Hillary is either a criminal or idiot. But she walked.