Asserting presidential power in new and exciting ways.

[berg80]

Capital One drops 10%, other banks hit after Trump calls for credit card rate cap; Affirm gains​

Banks and financial services stocks slid Monday after U.S. President Donald Trump called for a one-year cap on credit card interest rates at 10%.

Capital One shares dropped 10% in premarket trading. Citigroup lost 4% and JPMorgan Chase shed nearly 3%. Bank of America fell 2.36%, Visa declined 1.94%, and Mastercard was 2.21% in the red.

Capital One drops 6%, other banks hit after Trump calls for credit card rate cap

Posting on Truth Social, Trump said he would "no longer let the American Public be 'ripped off' by Credit Card Companies."

www.cnbc.com

Trump says he’s instructing his ‘Representatives’ to buy $200 billion in mortgage bonds, claiming it will lower rates​

Trump says he's instructing his 'Representatives' to buy $200 billion in mortgage bonds, claiming it will lower rates

President Donald Trump said he is "instructing my Representatives" to buy $200 billion in mortgage bonds.

www.cnbc.com

Trump says he will not permit dividends and stock buybacks for defense companies​

https://www.cnbc.com/2026/01/07/trump-dividends-stock-buybacks-defense-companies.html

Trump says U.S. to ban large investors from buying homes​

Trump says U.S. to ban large investors from buying homes

"I am immediately taking steps to ban large institutional investors from buying more single-family homes," Trump said.

www.cnbc.com

Weak job growth and tariff related, persistent inflation are not a recipe for success in the midterms. Something Don appears to be concerned about since he recently told House R's he's going to be impeached if D's take the House in Nov.

Based on the actions listed above frustration is mounting to the point where he's turning the US in to a command and control economy. Including an attempt to intimidate the Fed into lowering interest rates.

Fed Chair Powell says he’s under criminal investigation, won’t bow to Trump intimidation​

Federal prosecutors are conducting a criminal investigation of Federal Reserve Chairman Jerome Powell focused on the $2.5 billion renovation to the central bank’s headquarters in Washington, D.C., and his related testimony to Congress, he said on Sunday evening.

Powell said the probe is the result of longstanding frustration by President Donald Trump over the Fed’s refusal to cut interest rates as quickly and as much as the president has demanded.

“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,” Powell said in a video statement tweeted by the Fed’s X account.

Fed Chair Powell says he's under criminal investigation, won't bow to Trump intimidation

President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.

www.cnbc.com

Desperation makes people take drastic measures.

 

[TheInfiniteSadness]

berg80 what are the chances they'll be buying those bonds from people he likes so he can get kickbacks?

 

[berg80]

berg80 what are the chances they'll be buying those bonds from people he likes so he can get kickbacks?

In this instance, surprisingly, I don't think he's doing it with corrupt intent in mind.

 

[berg80]

This is what a prez playing king, picking winners and losers looks like.

Trump threatens to sideline Exxon from Venezuela’s oil: ‘They’re playing too cute’​

U.S. President Donald Trump threatened to sideline Exxon Mobil from Venezuela’s energy market, saying he didn’t like their response to his calls for oil companies to quickly re-enter the South American country.

“I didn’t like Exxon’s response. You know we have so many that want it. I’d probably be inclined to keep Exxon out,” Trump told reporters on board Air Force One on Sunday.

“They’re playing too cute,” he added.

His comments come shortly after Exxon CEO Darren Woods made headlines for saying at a White House meeting with Trump that the Venezuelan market is “uninvestable” in its current state.

Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute’

His comments come shortly after Exxon CEO Darren Woods said the Venezuelan market is "uninvestable" in its current state.

www.cnbc.com

 

[Independent thinker]

Capital One drops 10%, other banks hit after Trump calls for credit card rate cap; Affirm gains​

Banks and financial services stocks slid Monday after U.S. President Donald Trump called for a one-year cap on credit card interest rates at 10%.

Capital One shares dropped 10% in premarket trading. Citigroup lost 4% and JPMorgan Chase shed nearly 3%. Bank of America fell 2.36%, Visa declined 1.94%, and Mastercard was 2.21% in the red.

Capital One drops 6%, other banks hit after Trump calls for credit card rate cap

Posting on Truth Social, Trump said he would "no longer let the American Public be 'ripped off' by Credit Card Companies."

www.cnbc.com

Trump says he’s instructing his ‘Representatives’ to buy $200 billion in mortgage bonds, claiming it will lower rates​

Trump says he's instructing his 'Representatives' to buy $200 billion in mortgage bonds, claiming it will lower rates

President Donald Trump said he is "instructing my Representatives" to buy $200 billion in mortgage bonds.

www.cnbc.com

Trump says he will not permit dividends and stock buybacks for defense companies​

https://www.cnbc.com/2026/01/07/trump-dividends-stock-buybacks-defense-companies.html

Trump says U.S. to ban large investors from buying homes​

Trump says U.S. to ban large investors from buying homes

"I am immediately taking steps to ban large institutional investors from buying more single-family homes," Trump said.

www.cnbc.com

Weak job growth and tariff related, persistent inflation are not a recipe for success in the midterms. Something Don appears to be concerned about since he recently told House R's he's going to be impeached if D's take the House in Nov.

Based on the actions listed above frustration is mounting to the point where he's turning the US in to a command and control economy. Including an attempt to intimidate the Fed into lowering interest rates.

Fed Chair Powell says he’s under criminal investigation, won’t bow to Trump intimidation​

Federal prosecutors are conducting a criminal investigation of Federal Reserve Chairman Jerome Powell focused on the $2.5 billion renovation to the central bank’s headquarters in Washington, D.C., and his related testimony to Congress, he said on Sunday evening.

Powell said the probe is the result of longstanding frustration by President Donald Trump over the Fed’s refusal to cut interest rates as quickly and as much as the president has demanded.

“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,” Powell said in a video statement tweeted by the Fed’s X account.

Fed Chair Powell says he's under criminal investigation, won't bow to Trump intimidation

President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.

www.cnbc.com

Desperation makes people take drastic measures.

So you’re saying you like big banks now?

 

[Hollie]

This is what a prez playing king, picking winners and losers looks like.

Trump threatens to sideline Exxon from Venezuela’s oil: ‘They’re playing too cute’​

U.S. President Donald Trump threatened to sideline Exxon Mobil from Venezuela’s energy market, saying he didn’t like their response to his calls for oil companies to quickly re-enter the South American country.

“I didn’t like Exxon’s response. You know we have so many that want it. I’d probably be inclined to keep Exxon out,” Trump told reporters on board Air Force One on Sunday.

“They’re playing too cute,” he added.

His comments come shortly after Exxon CEO Darren Woods made headlines for saying at a White House meeting with Trump that the Venezuelan market is “uninvestable” in its current state.

Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute’

His comments come shortly after Exxon CEO Darren Woods said the Venezuelan market is "uninvestable" in its current state.

www.cnbc.com

Darlin’ the world awaits your organization of another silly “No Kings” march. You will email us with the particulars, ok?

 

[berg80]

So you’re saying you like big banks now?

No. Dotard didn't have any problem with the high interest rates payday lenders charge when he supported their industry.

A cap would require approval from Congress. There has long been interest in curbing fees, and bipartisan bills to cap credit card interest rates at 10% have previously been introduced, highlighting potential appetite for the move.

When asked about his post, Trump said Sunday to reporters that if banks don’t limit rates they would be “in violation of the law.”

Critics said over the weekend that Trump’s plan, if enacted, would cause banks to pull back on lending, causing many consumers to lose access to credit.

 

[berg80]

All of a sudden the affordability "hoax" is getting a lot of Don's attention. What a fraud.

 

[Independent thinker]

No. Dotard didn't have any problem with the high interest rates payday lenders charge when he supported their industry.

A cap would require approval from Congress. There has long been interest in curbing fees, and bipartisan bills to cap credit card interest rates at 10% have previously been introduced, highlighting potential appetite for the move.

When asked about his post, Trump said Sunday to reporters that if banks don’t limit rates they would be “in violation of the law.”

Critics said over the weekend that Trump’s plan, if enacted, would cause banks to pull back on lending, causing many consumers to lose access to credit.

So, you are for big banks. And you wonder why you lost to Trump and the working class supported Trump instead of democrats.

 

[berg80]

So, you are for big banks. And you wonder why you lost to Trump and the working class supported Trump instead of democrats.

Following your example, I guess it's my turn to claim you are for something without proof.

So I guess you are for a contraction of the economy.

Critics said over the weekend that Trump’s plan, if enacted, would cause banks to pull back on lending, causing many consumers to lose access to credit.

 

[Independent thinker]

Following your example, I guess it's my turn to claim you are for something without proof.

So I guess you are for a contraction of the economy.

Critics said over the weekend that Trump’s plan, if enacted, would cause banks to pull back on lending, causing many consumers to lose access to credit.

You were blasting Trump for going after big banks. So, you must be for big banks. I said nothing about the economy.

 

[berg80]

You were blasting Trump for going after big banks. So, you must be for big banks. I said nothing about the economy.

I said nothing about Dotard "going after the big banks." I pointed out trying to put a cap on credit card rates, which he doesn't have the unilateral authority to do, is one of a number of things he is trying to mandate in order to maintain unchecked power.

Ironically, he risks hurting the economy in the process.

 

[Independent thinker]

I said nothing about Dotard "going after the big banks." I pointed out trying to put a cap on credit card rates, which he doesn't have the unilateral authority to do, is one of a number of things he is trying to mandate in order to maintain unchecked power.

Ironically, he risks hurting the economy in the process.

So, you are for big banks.

 

[berg80]

So, you are for big banks.

So, you are obtuse.

 

[berg80]

Fed Changes Course and Takes On Trump’s Political Fight​

Jerome H. Powell wanted to avoid a fight. That had long been his approach to handling President Trump and his relentless attacks on the Federal Reserve, which in his second term had taken on heightened intensity.

Between an executive order wresting more control over the Fed’s oversight of Wall Street to Mr. Trump’s attempt to oust a sitting member of the policy-setting board of governors, the Fed had stuck to a time-tested strategy: Avoid provoking the president. At times, that meant bending to meet his demands in areas like climate change and bank regulation. But Mr. Powell, the Fed chair, drew the line when it came to protecting the central bank’s autonomy to set interest rates.

A criminal investigation into whether Mr. Powell lied to Congress, revealed by The New York Times on Sunday, has prompted the central bank to cast aside that approach and instead fight, the outcome of which could determine whether the Fed remains an independent entity.

“Trump is now exercising the nuclear option, so there is no longer a reason for Powell not to speak his mind,” said Maurice Obstfeld, a senior fellow at the Peterson Institute for International Economics, who was formerly the chief economist at the International Monetary Fund.

https://www.nytimes.com/2026/01/12/business/federal-reserve-changes-course-trump-administration.html

The blonde sock puppet named Pam continues to enable trump's worst impulses as the weaponization of the DoJ continues.

 

[Independent thinker]

So, you are obtuse.

You keep on rooting for the big banks while Trump is against them. Just the kind of stupid ass shit that made Trump president in the first place. You also defend criminals, people coming here illegally, and dictators from other countries who steal elections.

 

[22lcidw]

Fed Changes Course and Takes On Trump’s Political Fight​

Jerome H. Powell wanted to avoid a fight. That had long been his approach to handling President Trump and his relentless attacks on the Federal Reserve, which in his second term had taken on heightened intensity.

Between an executive order wresting more control over the Fed’s oversight of Wall Street to Mr. Trump’s attempt to oust a sitting member of the policy-setting board of governors, the Fed had stuck to a time-tested strategy: Avoid provoking the president. At times, that meant bending to meet his demands in areas like climate change and bank regulation. But Mr. Powell, the Fed chair, drew the line when it came to protecting the central bank’s autonomy to set interest rates.

A criminal investigation into whether Mr. Powell lied to Congress, revealed by The New York Times on Sunday, has prompted the central bank to cast aside that approach and instead fight, the outcome of which could determine whether the Fed remains an independent entity.

“Trump is now exercising the nuclear option, so there is no longer a reason for Powell not to speak his mind,” said Maurice Obstfeld, a senior fellow at the Peterson Institute for International Economics, who was formerly the chief economist at the International Monetary Fund.

https://www.nytimes.com/2026/01/12/business/federal-reserve-changes-course-trump-administration.html

The blonde sock puppet named Pam continues to enable trump's worst impulses as the weaponization of the DoJ continues.

If you believe that then show us the way when you return to power.

 

[Doc7505]

So, you are for big banks. And you wonder why you lost to Trump and the working class supported Trump instead of democrats.

<~~~~~~~~~~>​

President Biden has been subject to fact checks and criticisms regarding several statements he has made on affordability and the economy. Key areas where his claims have been challenged include:

• Inflation's Origin and Cause: Biden has attributed high inflation to corporate greed ("greedflation," "shrinkflation") and the Russian invasion of Ukraine ("Putin's fault"). Critics, including some economists and political opponents, argue that the primary driver was the significant government spending and monetary policies in the wake of the COVID-19 pandemic, including the American Rescue Plan.
• Inflation Rate Inheritance: Biden has falsely claimed that he inherited a 9% inflation rate from President Trump. Fact checks indicate that the inflation rate was around 1.4% in January 2021 when he took office; the 9% peak occurred during his presidency in June 2022.
• Real Wages vs. Inflation: Biden has claimed that wages are up and growing faster than inflation. While this was true for specific recent periods, real wages (adjusted for inflation) were generally lower under his administration than at the start of his presidency due to the high inflation in 2021 and early 2022.
• Specific Costs:
  • Prescription Drugs: He has repeatedly stated that a $2,000 annual cap on seniors' prescription drug costs is currently in effect. The cap was signed into law, but it does not take effect until 2025.
  • Housing: While the administration has promoted building more homes to lower costs, critics note that a lack of inventory and high demand have persisted and worsened since he took office. Monthly mortgage payments have approximately doubled during his presidency.
  • Gas Prices: Biden has often touted drops in gas prices, but critics point out that prices remain significantly higher than they were under the previous administration.
  • Auto Prices: Early in his term, Biden claimed that the cost of automobiles was "kind of back to what it was before the pandemic". This was fact-checked as false, with new and used car prices remaining significantly higher due to supply chain issues.
• Impact of Legislation: He claimed the "Build Back Better Act" would ease inflationary pressures and not add to the national debt. Nonpartisan analyses from groups like the Congressional Budget Office concluded the bill was not fully paid for and would add hundreds of billions of dollars to the debt, potentially increasing inflationary pressure. The "Inflation Reduction Act" was also criticized by some for not effectively tackling inflation despite its name.
• National Debt and Deficit: Biden has claimed to have cut the national debt. Fact checkers clarify that the national debt has increased during his term, but the annual budget deficit initially decreased, largely because the emergency pandemic spending from the previous years was ending.

Meanwhile, Trump has dealt with each of these issues, lower costs increased revenue and lowered our deficit.
Additionally, rather than increasing inflation, Trump has lowered inflation and increased buying power of the people.
How do you explain it?

 

[berg80]

You keep on rooting for the big banks

So, you are obtuse.

 

[berg80]

Meanwhile, Trump has dealt with each of these issues, lower costs increased revenue and lowered our deficit.

Factually incorrect.