Sunday, April 16, 2017

Reuters — Wall Street banker Cohn moving Trump toward moderate policies


Heritage Foundation's Stephen Moore out; ex-Goldman CEO Gary Cohn in. 

Cohn is a Democrat. Conservatives are not happy.

Reuters
James Oliphant and Svea Herbst-Bayliss

10 comments:

Penguin pop said...

Trumpbillary policies then unless Cohn falls out of favor with DJT somehow.

I'm not sure how this is gonna play out with the GOP base.

Matt Franko said...

Cohn on GSE privatization:

http://www.housingwire.com/articles/39127-gary-cohn-fannie-mae-freddie-mac-reform-will-be-high-on-mnuchins-agenda

Fed won't be able to keep the MBS and will go (to them) bankrupt as they will run out of munnie to pay the IOR... this should be interesting...

Noah Way said...

"Moderate" means more corporate tax reductions when corporations only pay an effective rate of 12%.

Tom Hickey said...

Fed won't be able to keep the MBS and will go (to them) bankrupt as they will run out of munnie to pay the IOR... this should be interesting...

I thought that paying IOR was supposed to be temporary policy in conjunction with conducting QE. QE is over. Why don't they go back to what they were normally doing?

Matt Franko said...

That wouldn't surprise me Tom but I thought when they put it on it was intended to be a new permanent policy.... I'll go back and take a look...

Matt Franko said...

https://www.federalreserve.gov/newsevents/press/monetary/20081006a.htm

Tom Hickey said...

Looks like it's an open-ended authorization and discretionary.

Noah Way said...

Looks like it's an open-ended authorization and discretionary.

Just like the military budget and the bank bailouts.

Tom Hickey said...

And DJT's delegation of foreign and military policy to the generals.

After Ashton Carter and the generals sabotaged Kerry'Obama's Syria deal with Russia, I suppose it's reason to conclude that the president and sec state don't count anyway. The warriors will do what they want regardless.

Noah Way said...

A soft coup. No news really, it's been in effect since 1945. They just rotate the puppets every couple of years - or sooner if they are not compliant.