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'Big Short' Hero Is Wrong This Time - Bloomberg View

'Big Short' Hero Is Wrong This Time - Bloomberg View: The crisis, incredibly, made the biggest banks bigger. The major reform legislation, Dodd-Frank, was named after two guys bought and sold by special interests, and one of them should be shouldering a good amount of blame for the crisis. Banks were forced, by the government, to save some of the worst lenders in the housing bubble, then the government turned around and pilloried the banks for the crimes of the companies they were forced to acquire.

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(26) Post | LinkedIn

(26) Post | LinkedIn : ► Trump was first compromised by the Russians back in the 80s. In 1984, the Russian Mafia began to use Trump real estate to launder money and it continued for decades. In 1987, the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider possible business prospects. Only seven weeks after his trip, Trump ran full-page ads in the Boston Globe, the NYT and WaPO calling for, in effect, the dismantling of the postwar Western foreign policy alliance. The whole Trump/Russian connection started out as laundering money for the Russian mob through Trump's real estate, but evolved into something far bigger. ► In 1984, David Bogatin — a Russian mobster, convicted gasoline bootlegger, and close ally of Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting. Those condos were...