On February 3rd 2017 President Trump signed Executive Order #13772 calling for a system of reviews, first due in 120 days, of the U.S. financial, investment and banking system for possible reform. Today Treasury Secretary Steven Mnuchin released the first in a series of reports (full pdf below) outlining the U.S. Financial System.

Given the breadth of the financial system and the unique regulatory regime governing each segment, Treasury will divide its review of the financial system into a series of reports:

• The depository system, covering banks, savings associations, and credit unions of all sizes, types and regulatory charters;
• Capital markets: debt, equity, commodities and derivatives markets, central clearing and other operational functions;
• The asset management and insurance industries, and retail and institutional investment products and vehicles; and
• Non-bank financial institutions, financial technology, and financial innovation.

Today’s report covers the depository system.

The full report is below and it is rather extensive.  Here’s my initial review of the content with the report embedded at the bottom.

Back in July 2010 when Dodd-Frank banking regulation was passed into law, there were approximately 12 to 17 banks who fell under the definition of “too big to fail”.

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Earlier today President Trump held the first full cabinet meeting of his administration following extensive delays in prior confirmations driven by oppositional democrats.

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President Trump welcomed the NCAA Championship winning football team, Clemson Tigers, to the White House.  The tiger pride of South Carolina.

https://www.facebook.com/WhiteHouse/videos/1340381206049609/

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Press Secretary Sean Spicer is scheduled to deliver the White House press beating today at 1:30pm from the Brady room.

UPDATE: Video Added

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Ivanka Trump joins the morning show hosts of Fox and Friends to discuss ongoing White House initiatives, administration goals, and the personal challenges of living in Swampville.

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Facing the growing possibility of customer backlash Delta Airlines and Bank of America have ended their corporate sponsorship of a New York play portraying of Julius Caesar as a Donald Trump, who gets knifed to death on stage in the performance.

U.S. media, journalists and left-wing activists are furious at their decision to end funding. Meanwhile, The New York Times, another corporate sponsor, remains proud in their support for political violence.

NEW YORK – Delta Air Lines and Bank of America have announced that they are pulling their sponsorship of a Manhattan-based theater company’s portrayal of Julius Caesar as a Donald Trump look-alike in a business suit who gets knifed to death on stage.

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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Sean Spicer Twitter @PressSec

There are times when it becomes important, perhaps very important, to emphasize inherent angles and intentions that breed within the scheme.

Those who view the actions, behaviors, and more importantly the words, from a perspective of their own outlook and moral center are making a critical mistake.  Former FBI Director James Comey does not frame his sentiments from the same operational perspective of those guided by an honorable moral compass.

Good Example Here.

Former FBI Director James Comey is steeped in the dark arts of self-serving deception. It is a character trait necessary for life at the top of the food chain in the deep swamp.  As such, the fully developed Comey persona is necessarily devoid of any cognitive genetic composition which would frame compassion for anything, or anyone. Comey looks out for his own best interests.  FIRST. FOREMOST. and ONLY.

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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

There has been much written about the downside consequences from Prime Minister Theresa May’s decision to call for a snap election and lose conservative seats.   However, in an unexpected twist of fate, the coalition outcome is even more conservative than before.

The Tory party (traditional conservatives), with 218 seats, have struck a deal with the Democrat Unionist Party (DUP) of Northern Ireland, 10 seats and considered the British version of “far-right”, resulting in an even more conservative coalition governing body than before the election.

The resulting alignment is now sending the British liberal social justice crowd into fits of LGBTQ(fill in the necessary missing constants) collective apoplectic rage.  Cue the audio/visual snowflake demonstration:

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Obviously, all political policies of consequence will not be social, they will be economic; as the challenge will be to construct the financial BREXIT escape from the clutches of the collective EU.

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