Wednesday, July 12, 2017

Republican Communist Party watch

(Reuters) - President Donald Trump's pick to lead bank supervision at the Federal Reserve benefited from the government bailing out or rescuing two banks during the 2008 financial crisis, but that may not prevent his confirmation by a U.S. Senate controlled by a business-friendly Republican party, policy analysts told Reuters in recent days.
Randal Quarles, a former Wall Street lawyer and U.S. Treasury official who now runs an investment firm, was part of a team that invested in troubled or failed banks while he was an executive at private-equity firm Carlyle Group LP (CG.O). Those investments earned hundreds of millions of dollars for Carlyle, profits that would not have been possible without government support.
Ignorant economist don't understand competition.  Even many libertarians will swear be government socialist banking.

The good news is proof positive, no free entry and exit, the money won't price.  We little browns know this, we know the Koch Brothers are socialist bums, hence we have the right of nullification. 

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