The Trump Files

He should have done this long ago. Make a mistake, own it, don't do it again and have a little bit of shame which allows you to grow. Move on.

Trump agrees to settle real estate seminar lawsuits: source
5 / 23

Reuters
By Karen Freifeld and Dan Levine 11 mins ago

AAktC5v.img


In this May 23, 2005 file photo, then real estate mogul and reality TV star Donald Trump, left, listens as Michael Sexton introduces him at a news conference in New York where he announced the establishment of Trump University. (AP…

NEW YORK/SAN DIEGO (Reuters) - U.S. President-elect Donald Trump has agreed to settle fraud lawsuits relating to his Trump University series of real estate seminars for $25 million, a person familiar with the matter said on Friday.

A settlement would end a dispute that dogged Trump throughout his presidential election campaign and led to one of the more controversial moments of his run when he claimed the judge overseeing two of the cases was biased because he was of Mexican ancestry.

Lawyers for the president-elect have been arguing against students who claim they were they were lured by false promises into paying up to $35,000 to learn Trump's real estate investing "secrets" from his "hand-picked" instructors.

There are three lawsuits relating to Trump University: two class actions suits in California and a case brought by New York Attorney General Eric Schneiderman. All of the cases would be covered in the possible settlement, the person said.

The source asked not be identified because the agreement was not yet final.

Schneiderman has said over 5,000 students across the country were defrauded out of about $40 million...

http://www.msn.com/en-us/news/polit...seminar-lawsuits-source/ar-AAktrKg?li=BBnb7Kz
 
Thomas Jefferson preserved this quip, writing in a 1799 journal that John Adams had said: “A boy of 15 who is not a democrat is good for nothing, and he is no better who is a democrat at 20.” :caution:
 
The morons are getting a lesson in The Art Of The Con. You stupid fucks.

‘Hillary for Prison’ Crew Turns on Trump

President-elect Donald Trump signaled he would break one of his most authoritarian campaign-promises: His vow to do everything he could to jail his political rival Hillary Clinton.

“It’s just not something that I feel very strongly about," Trump told reporters and columnists at the New York Times Tuesday afternoon. “I don’t want to hurt the Clintons, I really don’t. She went through a lot and suffered greatly in many different ways."

Trump told the Times, regarding his supporters, “I don’t think they’ll be disappointed.”

He thought wrong...

http://www.msn.com/en-us/news/politics/‘hillary-for-prison’-crew-turns-on-trump/ar-AAkDgNV?li=BBnb7Kz
 
The morons get their ass reamed, again! Stupid fucks.

Trump, in Interview, Moderates Views but Defies Conventions

By MICHAEL D. SHEAR, JULIE HIRSCHFELD DAVIS andMAGGIE HABERMANNOV. 22, 2016

Continue reading the main storyShare This Page
  • Donald J. Trump on Tuesday tempered some of his most extreme campaign promises, dropping his vow to jail Hillary Clinton, expressing doubt about the value of torturing terrorism suspects and pledging to have an open mind about climate change.
    ...
http://www.nytimes.com/2016/11/22/u...e-region&region=top-news&WT.nav=top-news&_r=1
 
No support from either side for Drumpf's tariff wall.

GOP Leader Breaks With Donald Trump On Suggested 35 Percent Tariff
Yeah, traditionally, Republicans have been against trade wars.
12/05/2016 01:30 pm ET | Updated 1 hour ago

WASHINGTON ― "If President-elect Donald Trump thinks he’s going to impose a 35 percent tariff on companies importing goods, he might want to check with Republicans in Congress.

"House Majority Leader Kevin McCarthy (R-Calif.) suggested Monday that Republicans would not be in favor of imposing the 35 percent tariff on foreign goods that Trump proposed Sunday in a series of tweets.

"Trump may not understand how tariffs really work ― it would be very difficult for the United States to impose them on specific companies that move jobs to a foreign country ― or that Congress, not the president, sets them. But he also might be trying to use trade complexities to end run around Congress.

"The president’s administration could declare a given country in violation of certain trade acts, and then impose a retaliatory tariff. It would then be up to the other nation to lodge protest with the appropriate authority.

"If Trump wanted to push the issue, he probably could impose a tariff and wait for Congress, the courts or a trade organization to do something about it. And if he truly wants to do it, Republicans could be the ones going after Trump.

“I don’t want to get into some sort of trade war,” McCarthy said, still downplaying the policy differences between Trump and congressional Republicans.

"There is some debate about how much power the president has to enact tariffs and “rip up” trade deals. The president could declare the United States in violation of certain trade acts, and then try to impose a tariff based on those old laws, but there would be significant pushback from Congress.

"Regardless, the majority leader said Republicans were intent on overhauling the corporate tax code so that businesses would stay in the United States. “That’s the best way to solve this problem,” McCarthy said.

"But he also made it clear that he doesn’t believe high tariffs are the best way to keep or create jobs in the United States.

“I think history has taught us that trade wars are not healthy,” he said.

"McCarthy stressed that Trump had run on reforming the corporate tax code, and that Republicans were in support of that idea. Pressed whether Republicans would give a tariff bill a vote if Trump pushed for it, McCarthy danced around answering directly ― “that’s a hypothetical question” ― but indicated again that overhauling the tax code was Republicans’ preferred path.

“The answer would be that we’re going to have tax reform,” he said.

"He added that tax reform was a better way of keeping jobs “than digging into a trade war.”

http://www.huffingtonpost.com/entry/kevin-mccarthy-trade-trump_us_58459362e4b017f37fe5b401
 
Donald Trump may Make Inflation Great Again
by Paul R. La Monica December 12, 2016: 2:30 PM ET

The great bull run for bonds, decades in the making, might finally be coming to an end.
"And that could mean higher inflation is on the way -- thanks to stimulus proposed by President-elect Donald Trump and a likely rate hike from the Federal Reserve.

"The 10-Year Treasury is now yielding more than 2.5%. It hasn't been that high since September 2014. Investors have been selling bonds, which pushes their yields higher, since the summer. The bond slump has intensified following the election.

"Yields were hovering around 1.8% a month ago. They hit a record low of 1.34% back in July.

"Many experts think that yields will be above 3% before long. Investors are feverishly dumping bonds to buy stocks.

"If rates go a lot higher, it would impact how much interest consumers would have to pay for mortgages, credit cards and a variety of other types of loans.

"The steady rise in rates has "only just begun," said Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, at an event last week.

"Trump is expected to push for up to $1 trillion from Congress to upgrade bridges, roads and other parts of the nation's transportation infrastructure. Experts believe that the U.S will have to finance much of that spending through debt.

Related: Trump market rally could be derailed unless...

"At the same time, the Fed is widely expected to raise its key interest rate later this week for the first time in a year. Fed chair Janet Yellen may also signal that more rate increases will be coming throughout 2017.

"Commodity prices -- especially oil -- have already started to climb as well. That's partly due to expectations of higher rates and the stronger dollar that should accompany them.

"But will this hurt consumers? That depends.

"Higher inflation doesn't have to be a problem if the economy actually picks up more steam.

"Still, some worry that inflation could become a major headache if bond yields spike dramatically. Investing guru Jeff Gundlach of Doubleline Capital warned after the election that Trump's policies could cause rates to go as high as 6% over the next few years.

"Other experts are also worried that bond yields will shoot a lot higher and lead to runaway inflation in the process.

"By no means will Trump's economic plans offset the bursting of an epic bond bubble that was 35 years in the making," wrote Michael Pento, president and founder of Pento Portfolio Strategies, in a report Monday.

Related: The debt part is over. Here comes the hangover

"Nor will protectionist trade policies and massive deficit spending rectify the economic imbalances manifest from 8 years' worth of artificial credit offered for free," Pento added.

"Bond expert Bill Gross of Janus is concerned about the inflationary impact that Trump's stimulus will have on the broader economy. It could be good in the short-term but backfire over the long haul.

"Many aspects of Trump's agenda are good for stocks and bad for bonds near term -- tax cuts, deregulation, fiscal stimulus, etc.," Gross wrote in his most recent monthly note to clients last week.

"But longer term, investors must consider the negatives of Trump's anti-globalization ideas which may restrict trade and negatively affect corporate profits. In addition, the strong dollar weighs heavily on globalized corporations," he added,

"So if Trump -- and the Fed -- wind up making inflation great again with policies that boost interest rates and the dollar too far too fast, that could be bad news for consumers and investors."

-- CNN's Heather Long contributed to this story.

http://money.cnn.com/2016/12/12/investing/donald-trump-bonds-inflation-fed/index.html
 
Tsing Tao said:
Pull up a long term chart on treasuries and see how long we have to go.
More...
That couldn't prove anything anyway, since you and I may have different feelings on the matter.

"During an appearance on “The Diane Rehm Show”on Wednesday, Donald Trump surrogate Scottie Nell Hughes tried to defend the president-elect’s entirely baseless claim that he would have won the popular vote had it not been for “millions of people who voted illegally.”

“Well, I think it’s also an idea of an opinion,” Hughes said. “And that’s — on one hand, I hear half the media saying that these are lies. But on the other half, there are many people that go, ‘No, it’s true.’ And so one thing that has been interesting this entire campaign season to watch, is that people that say facts are facts — they’re not really facts.”

"She continued, “Everybody has a way — it’s kind of like looking at ratings or looking at a glass of half full water. Everybody has a way of interpreting them to be the truth or not truth. There’s no such thing, unfortunately, anymore as facts.”

"Hughes later added, “And so Mr. Trump’s tweet, amongst a certain crowd — a large part of the population — are truth. When he says that millions of people illegally voted, he has some — amongst him and his supporters, and people believe they have facts to back that up. Those that do not like Mr. Trump, they say that those are lies and that there are no facts to back it up.”
 
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