President Trump Nominates David Malpass as President of World Bank – 1:30pm EST Livestream

President Donald Trump announces his nominee David Malpass to become President of the World Bank. Press Announcement forthcoming.

UPDATE: Video Added

.

Advertisements
This entry was posted in Donald Trump, Economy, Uncategorized. Bookmark the permalink.

62 Responses to President Trump Nominates David Malpass as President of World Bank – 1:30pm EST Livestream

  1. Harvey Lipschitz says:

    Under Obama was it this bank that lent 3 billion to South Africa for a coal project?

    Liked by 2 people

  2. NewOrleans says:

    #MAGA to the core. Works for me!

    Liked by 16 people

  3. ZurichMike says:

    I know so little about this; I trust President Trump, though.

    Liked by 12 people

  4. notfaded1 says:

    I like this choice because the MSM is going to hate it. He’s a MAGA guy and hopes to limit some of the power countries usurp through the world bank.

    Liked by 6 people

  5. SR says:

    Good choice. PTrump is bringing in own people than taking advice from RINO and DC establishment.

    Liked by 9 people

  6. Tina says:

    The World Bank is one of the primary drivers of open borders globalism. Their projects include the march to give illegal aliens drivers licenses and other identification, the increased push to call them “Migrants” to prevent assimilation, and the enormous increase in Remittances sent out of our economy each year. I pray that this man is indeed a MAGA leader who will “drain the swamp” at the World Bank as our President is doing for our country.

    Liked by 10 people

  7. MaineCoon says:

    “It’s called presidential harassment”..that Adam Schiff is opening up further investigations on him. No other president has had to go through that.

    This term needs to repeatedly be referenced until it sticks.

    Presidential harassment by Adam Schiff. Presidential harassment by Adam Schiff.

    Liked by 8 people

    • railer says:

      Schiff will become just another gnat after Mueller’s nothingburger report comes in. It’ll be good practice for some of Trump’s young legal interns, swatting off that insect for the next 6 years.

      Liked by 5 people

      • Paul Apostle says:

        Shiff for brains will be investigated and charged for his ‘many” crimes, the most obvious one – leaking classified intel to the media, for $$ I’m sure.

        Liked by 1 person

    • theresanne says:

      Any chance there’s a picture of Adam Schiff in blackface floating around somewhere?

      Liked by 3 people

    • jebg46 says:

      Our community lawyer Ristvan read the mandate of the Congressional intelligence committee and it does.not allow these investigations into business and personal finance. So when the President said Sciff has no basis for these investigations legally, it means PDJT and all his family andbusinesses can ignore the committee’s requests.

      Like

  8. railer says:

    The head of the IMF is the execrable corruptocrat Christine Lagarde. She slithers into all globalist and oligarchical malice. Let’s hope this guy can act as a counterpoint to her degeneracy.

    Liked by 8 people

  9. The Left & the Press had a mission, to take the focus off of the excellent SOTU address with Schiff’s ridiculous targeted harassment announcement. President Trump closed down Schiff as a hack (very acurately) and put the focus right back on SOTU…like a boss. I just love this man.

    Liked by 6 people

  10. Kenji says:

    I’ve never heard if him … which bodes very well for him being the RIGHT choice at the RIGHT time … MAGA baby!!! Goooooo Trump! And all your advisors.

    Liked by 3 people

  11. dutzie60 says:

    I remember John Batchelor having him on his show quite frequently.

    Liked by 1 person

  12. This is the guy who helped guide Bear Stearns into bankruptcy. What a joke.

    Like

  13. GB Bari says:

    This pull quote from an ABC News (!!) article that tries to cast negative doubt on Mr. Malpass tells me that he is a good pick by PDJT.
    Since reports emerged of the impending nomination, several economists and global development experts have pointed to past statements Malpass has made critical of the World Bank and multilateral institutions more broadly.

    In a briefing with reporters Tuesday, senior administration officials defended the selection and said Malpass would seek to improve and not dismantle or weaken the World Bank following the sudden resignation president Jim Yong Kim last month.

    “David and the United States government support when we are participating in these organizations and they are fulfilling their missions and working efficiently and effectively,” one official said. “I think the goal is to ensure that these institutions continue to serve the target — and in this case developing countries, and poor communities around the world most effectively.”

    (MORE: White House reveals title, themes of Trump’s State of the Union )
    But it’s unclear whether those assurances will be enough to assuage Malpass’s critics, who have framed him as yet another example of President Trump’s efforts to undermine the United States’ role in global institutions.

    “David Malpass is a Trump loyalist who has committed economic malpractice on a wide range of topics, from dismissing the first signs of the 2008 global financial crisis to flirting with the abolition of the IMF,” Justin Sandefur, a senior fellow at the Center for Global Development said in a statement. “His disdain for the World Bank’s mission of fighting global poverty rivals John Bolton’s respect for the United Nations.

    Ref. https://abcnews.go.com/Politics/trump-announces-controversial-pick-world-bank-president/story?id=60885981

    Liked by 2 people

    • CountryDoc says:

      Oh my!
      critics, … have framed him as yet another example of President Trump’s efforts to undermine the United States’ [read that U.S. globalists and banking leeches] role in global institutions.

      He has flirted with the abolition of the IMF!! (might be a good thing)

      and “His disdain for the World Bank’s mission of fighting global poverty rivals John Bolton’s respect for the United Nations.”

      Prepare to be Kavanaughed!

      Liked by 2 people

    • 👍🏻👍🏻 Two thumbs up for Malpass after all those comments. Good find. Agree totally GB, the louder those “critics” crow the better the pick.

      It’s when the “critics” are quiet or praising a selection/nominee that I worry.

      Liked by 2 people

    • Daniel M. Camac says:

      GB Bari, Nice catch. I knew this guy’s name rung a bell. Let’s see how it progresses. This may not be Ristvan’s cup of tea but I’d like to to see his views on this. “As The World Turns” brought to you by Tastykake. Sorry but I just went back to my wonderful childhood as I ate lunch at age 5 with my Mom who is 87 years young now, she’s still kicking and screaming and a MAGA fan. We ate Tandycakes, bologna sandwiches and watched The Guilding Light, Search For Tomorrow and something else. Then I took a nap. Wow, what a wonderous idea. Zzzzzzzz.

      Liked by 2 people

      • GB Bari says:

        I remember the same lunches – bologna, cheese & lettuce with mustard on white bread, and peanut butter tandycakes and an apple for dessert. Had that in my lunchbag many a day at school.

        Liked by 1 person

  14. noswamp says:

    Presidential harassment. Lets return to SOTU.
    The Boss has spoken.

    Liked by 1 person

  15. G. Combs says:

    Take a look at the Video by Black Conservative Patriot:
    (He worked for accounting firm of Arthur Andersen and was a bank VP)

    Liked by 3 people

  16. cripto says:

    Mr Malpass is well known since the Reagan administration and holds the same views then as now:
    (Meet the Malpass or why President Trump nominated him)

    Malpass, currently the undersecretary for international affairs at the U.S. Treasury Department and a former chief economist at Bear Stearns investment bank, has faithfully echoed President Donald Trump’s denunciations of multilateralism run amok, taking aim at institutions such as the World Trade Organization and the International Criminal Court.

    “Now is an opportune time to discuss the concerns about the rapid increase in globalism,” Malpass said at an event at the Council on Foreign Relations in late 2017, adding that “multilateralism has gone substantially too far—to the point where it is hurting U.S. and global growth.”

    When it comes to the World Bank in particular—the world’s biggest development bank— Malpass in his time at Treasury has tried to slow down the its ability to raise more capital and to limit the number of countries it lends to.

    He argues that revolutionary developments in capital markets over the last generation mean that much more private capital is available to more countries at reasonable rates for their development needs, and that there is a smaller, more targeted role for the World Bank. He’s been especially critical of the fact that China, the world’s second-largest economy, is the World Bank’s biggest borrower. He has also criticized the bank’s lending criteria, while taking potshots at what he sees as a bloated staff with inflated salaries.””In testimony before the U.S. Senate last year, Malpass highlighted that many developing countries have easier and cheaper access to private-sector financing, arguing that the World Bank should limit its loans to truly needy countries.

    He has taken aim at China in particular. At Treasury, he argued against pumping more U.S. money into the bank while it was lending more money to China than anywhere else. At the same time, he has warned that China’s own lending practices around Asia, Africa, and Latin America can lead countries into a debt trap.”

    Read more here:
    https://foreignpolicy.com/2019/02/05/will-david-malpass-run-the-world-bank-or-ruin-it/

    Liked by 2 people

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s