***Official Political Discussion Thread***

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This might be biased to a degree because my client base is primarily banks. But loosening the regulations on community banks is actually a good thing. Regulation is already up a significant amount since the recession and that initial increase isn’t going to disappear. The issue comes to banks once they reach 50 billion. The cost is astronomical. Can turn a client from having net income from 200 million all the way to say 175 million. Now you might say this is no big deal what’s 12.5%

Well here’s the problem. Once banks reach this 50 billion magical number, they usually decided to sell to banks bigger than them. Think pnc, chase, wells, BoA, Citi, and anything bigger than them. It literally kills diversification and in essence concentrates everything in a few banks and causes us to be in the same place we were before the recession. Now 250 billion is too high according to our initial proposal when our firm lobbied for the lift for our clients. But it still only changes things for community banks and some small caps. Which won’t cause the same sort of recessionary and capitalization risk as back then. Trust me west test the reserves constantly. Overall, all the banks that are out there now are well financed and not as risky.
 
https://www.washingtonpost.com/news...ething-during-the-election-with-the-russians/

He thinks Mueller has something on Trump

Nunberg said he was ignoring the subpoena in part because there was no collusion between the Trump campaign and the Russian government, and that it would consume too much of his time. But weirdly, he also seemed to say he thinks Mueller has something else on President Trump.
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He said/speculated that Trump was aware of the Trump Tower meeting beforehand

One of the big unanswered questions of the Russia investigation is whether the president had any knowledge of or involvement in that meeting Donald Trump Jr. set up at Trump Tower with a Russian lawyer, Natalia Veslnitskaya, who had promised compromising information about Hillary Clinton. The meeting seemed to be at the very leastan attempt to solicit help from foreign sources.

Nunberg says he's convinced that Trump was.

“You know he knew about it,” Nunberg said. “He was talking about it a week before. ... I don't know why he went around trying to hide it.”
 
This might be biased to a degree because my client base is primarily banks. But loosening the regulations on community banks is actually a good thing. Regulation is already up a significant amount since the recession and that initial increase isn’t going to disappear. The issue comes to banks once they reach 50 billion. The cost is astronomical. Can turn a client from having net income from 200 million all the way to say 175 million. Now you might say this is no big deal what’s 12.5%

Well here’s the problem. Once banks reach this 50 billion magical number, they usually decided to sell to banks bigger than them. Think pnc, chase, wells, BoA, Citi, and anything bigger than them. It literally kills diversification and in essence concentrates everything in a few banks and causes us to be in the same place we were before the recession. Now 250 billion is too high according to our initial proposal when our firm lobbied for the lift for our clients. But it still only changes things for community banks and some small caps. Which won’t cause the same sort of recessionary and capitalization risk as back then. Trust me west test the reserves constantly. Overall, all the banks that are out there now are well financed and not as risky.
That the small point I was referring too.

However this bill also rolls back reporting regarding minority lending, info the CFPB uses to indentify housing discrimination. They are removing a tool in place to help prevent lending and housing discrimination.

Tim Kaine who can't stop telling black people about how he fought against housing discrimination, and a bunch of other Dems that are only in office because of the black vote (like Doug Jones), decide to bargain on those terms.

**** em.
 
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