Quantcast
Connect with us

Steve Mnuchin claims he’s making calls to bank heads as markets tank — he’s at a high-end beach resort in Cabo

Published

on

Treasury Secretary Steve Mnuchin’s office released a statement Sunday saying that he was making calls to the heads of several banks to reassure them about the economy and markets. In fact, Mnuchin was on the beach.

Secretary Mnuchin conducted a series of calls today with the CEOs of the nations six largest banks,” the statement said. “He also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly.”

ADVERTISEMENT

“Tomorrow, the Secretary will convene a call with the President’s Working Group on the financial market, which he chairs. This includes the Board of Governors of the Federal Reserve System, the Securities and Exchange Commission, and the Commodities Futures Trading Commission,” the statement continued.

There’s just one problem with that: Mnuchin is actually on the beach in Cabo.

“Treasury [Sec.] Mnuchin, his wife Louise, and his teen daughter are vacationing at the ultra exclusive private estate resort, El Dorado, in Cabo San Lucas, Mexico, according to two people with first hand knowledge,” tweeted MSNBC’s Jesse Rodriguez.

ADVERTISEMENT

If the MSNBC report is true, Mnuchin must be “working” from the beach resort.

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Paul Krugman debunks Trump’s bogus claims about the ‘Obama economy’

Published

on

President Donald Trump has repeatedly insisted that his policies alone are responsible for the economic recovery in the United States, claiming that he inherited a broken economy from his Democratic predecessor, President Barack Obama. But Trump’s claims are wildly misleading, and economist/New York Times columnist Paul Krugman debunked some of them this week in a Twitter thread.

Krugman tweeted, “So, I see that Trump is bad-mouthing the Obama economy. Two points. First, there was absolutely no break in economic trends after the 2016 election.”

The 66-year-old Krugman posted a chart showing GDP (gross domestic product) from 2010 (when Obama was serving his first term) to 2020 (three years into Trump’s presidency). GDP, the chart shows, gradually improved during Obama’s eight-year presidency.

Continue Reading

Breaking Banner

Right-wing extremists using Facebook to recruit for ‘boogaloo’ attacks on liberals and cops: report

Published

on

A right-wing extremist movement is recruiting on social media to target liberals and law enforcement in a violent uprising called the "boogaloo."

The loosely organized movement is trolling for members on mainstream platforms such as Facebook, Instagram, Reddit and Twitter, in addition to 4chan and other fringe sites, to promote a second Civil War, reported NBC News.

“When you have people talking about and planning sedition and violence against minorities, police, and public officials, we need to take their words seriously,” said Paul Goldenberg, of the Homeland Security Advisory Council.

Continue Reading
 

2020 Election

Bernie Sanders was so close to a primary against Obama in 2011 that Dems were ‘absolutely panicked’: report

Published

on

In an article for The Atlantic this Wednesday, Edward-Isaac Dovere recounts the time that Bernie Sanders tried to primary Barack Obama -- a move that Sanders was close to achieving that former Democratic Senator Harry Reid had to intervene to stop him.

The event, which hasn't been previously reported, took place in the summer of 2011 and reportedly had the Obama campaign "absolutely panicked"

While Sanders' Obama plan never went through, the relationship between the two has been strained ever since. "Now Obama, the beloved former leader of the Democratic Party, and Sanders, the front-runner for the Democratic presidential nomination, are facing a new and especially fraught period in their relationship," Dovere writes. "To Obama, Sanders is a lot of what’s wrong with Democrats: unrelenting, unrealistic, so deep in his own fight that he doesn’t see how many people disagree with him or that he’s turning off people who should be his allies. To Sanders, it’s Obama who represents a lot of what’s wrong with Democrats: overly compromising, and so obsessed with what isn’t possible that he’s lost all sense of what is."

Continue Reading
 
 
close-image