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How Trump and friends benefited from the financial collapse that doomed ordinary Americans

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September 2018 marked the 10th year anniversary of the financial crisis, which roiled world markets and doomed several generations of Americans to financial insecurity.

As Politico reports, there are characters who benefited, mostly the associates of President Donald Trump. Starting with Treasury secretary Steven Mnuchin, members of Trump’s team profited handsomely from a crisis that left many destitute.

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Politico reports that Mnuchin and other investors bought a failed thrift–with government aid—and sold it at a profit.

Commerce Secretary Wilbur Ross made a profit off the back of failed banks. Former White House economic adviser Gary Cohn bragged that when he helmed Goldman Sacks, he helped bring in $373 million in a single day.

President Donald Trump is also on the record gloating about how the global economic collapse would be good for him.

“People have been talking about the end of the cycle for 12 years, and I’m excited if it is,” Trump said in 2007. “I’ve always made more money in bad markets than in good markets.”

Politico highlights the discrepancy in how wealthy Trump associates and Trump himself experienced the crisis, compared to ordinary people.

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“Trump’s 2007 comments underscore how elite players, including his current circle of financial industry stars, saw the debacle through a very different lens from ordinary Americans,” Politico writes. ‘And while personal financial ruin may have led many disillusioned voters to sweep Trump into office years later, his administration is filled with people who profited from the crisis and whose policies are shaped by that background, focused largely on market performance instead of the economic needs of workers.”


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Louisiana Democrat re-elected governor — despite Trump’s rallies for the Republican candidate

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The Associated Press has called the Lousiana's governor's race for incumbent Democrat John Bel Edwards.

Edwards triumphed over Republican businessman Eddie Rispone, who called to concede.

The outcome is another major political loss for President Donald Trump, who had held multiple campaign rallies for Rispone.

During his most recent rally, Trump begged the crowd to give him a "big win" in the election.

Eddie Rispone has conceded the #lagov race to Gov. John Bel Edwards, giving the Democrat four more years in ruby red Louisiana despite Trump’s best efforts to flip the seat. Edwards camp says Rispone called minutes ago to concede. #lagov #lalege

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Press secretary says it is ‘dangerous for the country’ to question whether she is putting out honest info

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Press secretary Stephanie Grisham on Saturday argued it was "dangerous for the country" for anyone to challenge the veracity of her claims.

Grisham made her argument after President Donald Trump went to Walter Reed Hospital for an unannounced doctor's visit, resulting in a great deal of speculation.

Following the visit, Grisham claimed Trump was "healthy" and "without complaints" -- a claim many found unlikely as the president has spent a good deal of time as president airing his many grievances.

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Sondland used WhatsApp to communicate with Ukraine — and won’t turn over the messages: report

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Ambassador Gordon Sondland used WhatsApp to send encrypted messages to a top Ukranian official, The Washington Post reported Saturday.

The communication occurred with Andriy Yermak, a top aide to President Volodymr Zelensky, when Sondland was in Kyiv, the newspaper reported.

"Sondland was also texting back and forth on WhatsApp with Yermak throughout the trip, and had been communicating with other Ukrainian officials over the messaging app in the preceding and subsequent months, according to people familiar with his interactions," The Post reported.

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