Susanne Trimbath PhD
@SusanneTrimbath
Author (http://spiramus.com/susanne-trimbath), economist, retired teacher Blog: http://ko-fi.com/susannetrimbath Art: https://www.zazzle.com/store/trimbathphd
From @joelkotkin: “The tenor of politics is how to cope with a popular rebellion against privileged elites… Susanne wants to show how real people, ordinary people, are impacted by both greed of financial elites and inability of government to rein it in.” spiramus.com/armageddon-in-…
🚨Important Point on Lack of #Transparency for "accredited investors" from @tyillc. ⚠️More details here: accreditedinvestor.blog/the-dangers-of…
At the heart of the Great Financial Crisis lies the simple fact the financial system had a huge increase in "accredited investors" since the 1930s. As a result, these investors lost the ability to demand #transparence so they could know what they owned. House pushing forward a…
"It is easier to pervert a self-regulatory system when both government law enforcement mechanisms and civil liability are vague and fluctuating. Uncertainty does not improve business ethics or respect for the law. When securities regulations are flexible and seem arbitrary, the…
House approved H.R. 3339 to expand "accredited investor" to benefit Wall Street by increasing pool of risk-taking investors. SEC, already lacking in credibility, would design test to qualify wider range of investors. Referred to Senate Banking Comm. cnb.cx/455z08R
It takes money to make money OR not all foreign aid is taxpayer money: "$191 billion [frozen Russian assets] locked in Euroclear. In Feb 2024, Euroclear reported $4.75 billion in interest had already been generated" and sent to Ukraine under EU agreement. Expects $38B for 2025.…
We've seen this b4 🥱: "intention to declare special dividend ... tied to potential litigation settlements". Of course: after lawyer's fees, thru same old DTCC processes, etc. 🤔 Can you say 10-for-1 reverse split, preferred equity conversion OR 4-for-1 split that was not a…
"When supply & demand are out of balance, what's the one thing that sets them right? Price!" @mike_maloney But only in free/fair markets. ETFs, market makers, settlement fails, lending, etc. breakdown laws of economics, just like laws of physics breakdown at black hole horizon.
Silver supply/demand is nuts.
True that! "“[T]he internet has gone from being a place of interaction, to a gigantic surveillance system,” said Mary Angela Bock, associate professor in the University of Texas at Austin’s School of Journalism and Media. “They’re tracking us in exchange for entertaining us.”"
Best description of redistricting EVER: "“There comes the point where you slice the baloney too thin and it backfires,” said Rick Hasen, a law professor at the University of California, Los Angeles."" 🤣
A risk-free 6 month US Treasury Bill purchased Jan 2 payed 4.25%. Meanwhile, the Dow 30 is up 4.47% year-to-date with a significant 27.74% increase in risk (measured by VIX market volatility). Was it worth the risk for 0.22%?
"Ordinary people with extraordinary vision can redeem the soul of America by getting in what I call good trouble, necessary trouble. ... Continue to build union between movements stretching across the globe because we must put away our willingness to profit from the exploitation…
“Figure out a way to get IN the way.” #JohnLewis - On the 5th anniversary of his passing, #TheKingCenter remembers and honors the enduring legacy of Congressman John Lewis. Freedom Fighter. Good Trouble Facilitator. Leader in Love. #GoodTrouble #BeLove #OhFreedom
"A man is not dead while his name is still spoken." GNU, John Lewis #GoodTrouble "Millions of people motivated simply by human compassion laid down the burdens of division. Around the country and the world you set aside race, class, age, language and nationality to demand respect…
In USA, securities laws are seriously defective in providing for SEC enforcement mechanisms or specific civil and criminal liability for violations of the law by Wall Street.
Korean rules against illegal stock traded: "recovering illegal profits and permanently removing perpetrators from the capital market." @FSC_Korea Along with limiting stock loan period, this will make the favorable tax treatment for dividends even more valuable.
If equity partners and hedge funds are interested in it, I'm steering clear. They signal over-priced assets that have my vote for most likely to crash.
📣 Comic Centric in Jacksonville, Florida? Catch 'em live this week!
6 hour comic show...all comics. $10 bucks to get in. I hope to see some of you there for sure. I will be buying some back issues as well.
👇 A recommendation for "Naked, Short and Greedy: Wall Street's Failure to Deliver" (Trimbath 2019), if you haven't read or listened to it yet.
listening to it on Audible. So far, all info we have learned over the last few years. If you get to testify in front of Congress, just put out a cardboard cutout of yourself in the chair, put the phone in front of the speaker, hit play, and come back 5 hours later for questions
