Dimon, living the thug life…
JPMorgan Chase CEO Jamie Dimon says Donald Trump should not be vilified for putting business people in his White House and that the choices provide a “good reset” for how businesses are viewed
After a campaign filled with attacks on the wealthy and powerful, the president-elect has picked three alumni of the powerful financial firm Goldman Sachs, several billionaires and two chief executives of major American companies for his administration. Trump has defended his picks, saying they know how to create jobs.
Dimon, who will head Trump’s Business Roundtable, said in a Bloomberg interview published Thursday that he was “dead wrong” before the election by thinking Wall Street would have a hard time getting into the next administration. He had expected the next president to be Hillary Clinton.Now, he says he is optimistic about Trump’s business-heavy administration.
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And no one in the media is reporting that the HAMP program was never met to help a majority of homeowners when in fact no one is discussing that many of the loans have been securitized and sold on Wall Street and investors and note and deed have been split into pieces.
When the Obama administration announced a massive effort to help distressed homeowners in 2009, it set high expectations. The program, government officials said, would keep up to 4 million borrowers out of foreclosure.
“It will give millions of families resigned to financial ruin a chance to rebuild,” Obama said at a event announcing the effort. “By bringing down the foreclosure rate, it will help shore up housing prices for everyone.”
Six years later, Obama is preparing to leave office, and the Home Affordable Modification Program, or HAMP, accepted its final applications Friday having helped a fraction of the homeowners government officials initially expected. About 1.6 million borrowers have seen their mortgage payments lowered through the program so far, but about a third of those people eventually fell behind on their payments again.
President-elect Donald Trump believes secure communications should be handwritten and delivered through couriers, he said Saturday while celebrating the new year at his Florida mansion.
The tweeting Luddite — who rarely sends emails — fears no computer is immune to hack attacks and suggested rolling back modern communications to a middleman service dating back to ancient Rome.
“If you have something really important, write it out and have it delivered by courier, the old fashioned way because I’ll tell you what, no computer is safe,” Trump told pool reporters when asked about the role of cyber security in his upcoming administration.
“You want something to really go without detection, write it out and have it sent by courier,” he added before entering the Mar-a-Lago resort party alongside his wife, Melania Trump.