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To: Haim R. Branisteanu who wrote (129753)2/4/2017 1:16:43 PM
From: bart13  Respond to of 218633
 
What I'm saying is that Dodd Frank is only vaguely effective across the entire area.

"CFTC Orders The Royal Bank of Scotland to Pay $85 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates"

Using your quote - Where's the jail time? And $85 million is pocket change for RBS.

Why not something like 25x the manipulation profit, and if unprofitable then 5x the expected profit, with a minimum penalty of $250 million?

And again, I don't think that being certain that it'll be repealed is wise. Trump is not very predictable, at best.



To: Haim R. Branisteanu who wrote (129753)2/4/2017 2:58:16 PM
From: Elroy Jetson  Respond to of 218633
 
Major banks don't want Dodd-Frank repealed, nor does Treasury Secretary Steven Mnuchin. But Dodd-Frank has been demonized on Fox News so Trump is intent on repealing it for no particular reason. Trump and his supporters are trapped in an artificial reality they didn't even create themselves, yet believe whole heartedly.

"The 47%" which featured so prominently in prior Republican campaigns was created accidentally in very similar fashion. One man, who didn't understand what he was reading, looked up IRS statistics of how many unique tax ID numbers did not pay taxes and found this was 47% of the total and cited it during his calls to a radio show and at his Tea Party meetings.

The largest group of these "Tax ID numbers which were filing tax returns and not pay taxes to the IRS belonged to churches.

Yet this misleading fact-bit was picked up by Fox News without bothering to understand what it meant, and in turn picked up by Mitt Romney. Many Americans were as angry as bees at the unidentified 47%. Virtually none of these people citing the 47% knew they were directing their anger at churches and none of them cared.

Since Churches are the biggest part of "the 47%" did this really mean that Fox News and Romney wanted the Mormon Church and other churches to immediately start paying income taxes on their donations?

I would assume this isn't what they wanted at all. But Mitt Romney, Fox News and many Republicans became owned by this mis-information because they repeated it endlessly while making no attempt to understand what it meant.

People who don't respect truth become owned by falsehoods
, even falsehoods they didn't create. And this is what has made Vladimir Putin's disinformation campaign so successful. Misinformation is only effective when no one cares what the truth is.

Trump and his supporters are currently trapped in a many nearly identical false realities created by others, and Trump is disastrously trying to base his policies on these false ideas.



To: Haim R. Branisteanu who wrote (129753)2/4/2017 6:11:03 PM
From: Pogeu Mahone3 Recommendations

Recommended By
bart13
Haim R. Branisteanu
toccodolce

  Read Replies (2) | Respond to of 218633
 
Cut the crap.

Show us where any CEO has been prosecuted for doing any and all of these crimes.

That law is pure window dressing for fund raising and political donations.

All Bullshit all of the time.

Why Wall Street Execs Weren't Prosecuted - Business Insider

www.businessinsider.com/why-wall-street-execs-werent-prosecuted-2013-1



Jan 23, 2013 - Worst of all, Obama justice officials both shielded and feted these Wall Street ... Nonetheless, "four years later, there have been no arrests of any ... would face no criminal prosecutionfor its money laundering of funds for ... with the banks, are engaged in a cover up to keep us from knowing what went wrong.

Iceland Has Sentenced 26 Bankers To Prison While US White Collar ...

www.mintpressnews.com/iceland-has-sent-26...to...us...prosecutions-hit.../210595/



Oct 23, 2015 - These charges stand in sharp contrast to the situation in the U.S., where fewer ... the CEOof Kaupþing Luxembourg, top the list, having been sentenced to a ... has still failed to prosecute anyexecutives for recent corporate crimes, ... “All the major Wall Street financial firms nicknamed Too Big To Fail banks ...

------------------------------------------

Please pay attention to § 240.3 Prohibited transactions.

(a) Fraudulent conduct prohibited.

No banking institution or its related persons may, directly or indirectly, in or in connection with any retail forex transaction:
(1) Cheat or defraud or attempt to cheat or defraud any person;
(2) Knowingly make or cause to be made to any person any false report or statement or cause to be entered for any person any false record; or
(3) Knowingly deceive or attempt to deceive any person by any means whatsoever.

(b) Acting as counterparty and exercising discretion prohibited.

A banking institution that has authority to cause retail forex transactions to be effected for a retail forex customer without the retail forex customer’s specific authorization may not (and an affiliate of such an institution may not) act as the counterparty for any retail forex transaction with that retail forex customer.



To: Haim R. Branisteanu who wrote (129753)2/5/2017 1:36:23 AM
From: THE ANT  Respond to of 218633
 
The real Dodd Frank. Everything Obama did was for select minority groups. That's how he helped take the Democrats out of power

professorbainbridge.com