Trump Names Wall Street And Real Estate Titans As Economic Advisers

Sad – there is no hope. This presidential (doesn’t deserve a capital “P”) election is between Wall Street and Wall Street. Riganation.

justiceleague00's avatarJustice League

Top row, left to right: David Malpass, Howard Lorber, Harold Hamm; Bottom row, left to right: Steve Mnuchin, Tom Barrack, John Paulson

Top row, left to right: David Malpass, Howard Lorber, Harold Hamm; Bottom row, left to right: Steve Mnuchin, Tom Barrack, John Paulson

This is Trump’s economic team that he chose. And yes, Steven Mnuchin who benefitted from the housing crisis is on the list. Enough said.

Donald Trump has released the names of his economic advisers, a list heavy with Wall Street and real estate industry figures, but short of actual economists.

The names include several people from the world of hedge fund and private equity firms, including Steven Feinberg, chief executive and co-founder of Cerberus Capital Management; Thomas J. Barrack, chief executive of Colony Capital Management; and John Paulson, president of a hedge fund company bearing his name.

One major oil industry executive is on the list: Harold Hamm, CEO of Continental Resources, who made a fortune in Bakken Shale formation and is said by Forbes to be worth…

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The Dangers of Disregarding the Uniform Commercial Code

Unknown's avatarLivinglies's Weblog

There is a trend nationwide where judges are ruling that broken chains of title are not relevant.


The UCC is one of the least favored courses in law school. Judges hate it because they didn’t pay attention during class. But it’s the law. So the courts are ruling by the seat of their pants instead of following the law. Banks like it for now but be careful what you wish for — these rulings are undermining the marketplace for negotiable instruments.


Eventually lenders and factoring companies are going to come face to face with the “law” they have created through the courts — the UCC doesn’t mean anything and there are no protections against a party with a broken chain pursing a competing claim. The end result is that they will start lending or trading in negotiable instruments or even non-negotiable instruments. That could stop the economy dead in its…

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