Trump’s Treasury Wouldn’t Resurrect Glass-Steagall – Here’s Why

0 | By Shah Gilani

If you read the 58-page draft of the Republican Party’s official party platform you’ll come across a surprising one-liner: “We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment.”

But before Republican big-bank haters get excited, everyone should know that’s not presidential candidate Donald Trump’s one-liner.

In fact, it just might turn out to be a joke.

Based on who Mr. Trump is reportedly considering for Treasury Secretary in his would-be cabinet, it’s highly unlikely, Republican platform rhetoric aside, a Trump Administration would be even remotely interested in resurrecting Glass-Steagall.

Frighteningly, but not surprisingly, there’s a huge Goldman Sachs nexus connecting the end of Glass-Steagall to the future prospect of reviving it, with Donald Trump squarely in the middle.

Here’s how a former Goldman Sachs operative murdered Glass-Steagall for $125 million, why another former Goldman Sachs Treasury Secretary would keep it buried, and what Donald Trump, if elected, should do about it.

Let’s get to it…

Why Shah “Hates” Facebook Stock – and Isn’t Buying (for Now)

0 | By Wall Street Insights and Indictments Staff

Shah joined a recent episode of Varney & Co. to discuss the most talked about stocks in the markets, including the world’s biggest social network, Facebook Inc. (NASDAQ:FB).

Facebook now controls an average of a full hour per day from its 1.65 billion active monthly users, an incredible number that’s reflected in its stock price – around $121 at press time.

But Shah “hates” the stock and isn’t buying Facebook at these levels – click here to find out why…

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