Lmst

"Men like Bil [Ackman], perfumed princes behind the high hedges, live in constant abject fear of the least incursion into their rigged game because they know deep down in their souls that if the situations were reversed, they’d be tearing down the walls to get their hands on the pelf themselves."

~ Nina Burleigh

#Mamdani #NewYork #WallStreet #bankers #EconomicElites #media
/16

https://www.americanfreakshow.news/p/what-is-wrong-with-bill-ackman

"Zohran Mamdani just proved future Democrats don’t have to."

#Mamdani #NewYork #WallStreet #bankers #EconomicElites #media #NewYorkTimes
/15

"The mainstream media doesn’t want anything to change, ever. They want to keep people in fear and in thrall to corporate interests.

The Democratic Party that can unlock the vast potential of this country and defeat the forces of racism and MAGA is not the Democratic Party that can win the endorsement of The New York Times editorial board."

~ Elie Mystal

#Mamdani #NewYork #WallStreet #bankers #EconomicElites #media #NewYorkTimes
/14

https://www.thenation.com/article/politics/elie-v-us-newsletter-nyc-nyt-zohran-mamdani/

"The establishment is circling the wagons. They are terrified of a candidate who is not beholden to them. They are frightened that his priorities are not their priorities, that he wants to use a very very small tax on the very very richest New Yorkers to pay to ensure that the rest of the city could have decent lives."

#Mamdani #immigrants #NewYork #diversity #WallStreet #bankers #EconomicElites
/13

"The entrenched establishment—the rich and powerful in the US—have worked like crazy throughout the Boomer years to grow their power and influence so that they would never be put at risk by anything so small or annoying as an election.

This reveals a fundamental tension in all societies that is particularly acute in democracies."

~ David Rothkopf

#Mamdani #immigrants #NewYork #diversity #WallStreet #bankers #EconomicElites
/12

https://davidrothkopf.substack.com/p/why-we-all-should-be-celebrating

(continued from /10) "they’ll be more productive, and their higher productivity will attract corporations (and the wealthy). A major way to afford all these things is to raise taxes on corporations and the wealthy."

#Mamdani #immigrants #NewYork #diversity #WallStreet #bankers #EconomicElites
/11

"It’s the same argument we’ve heard for 40 years: If you raise taxes on corporations and the wealthy, you’ll drive them away — from your city, your state, your nation.

Rubbish. The reality is that if you invest in your people — in their skills, education, affordable child care, affordable elder care, and the infrastructure needed to link them together —"

~ Robert Reich

#Mamdani #immigrants #NewYork #diversity #WallStreet #bankers #EconomicElites
/10

https://robertreich.substack.com/p/the-corporate-democrats-biggest-nightmare

"Can’t you see how bad this [Mandami victory] is? It’s so bad the hedge fund boys be crying. See, the rich boys, they cry. You are laughing, and the rich boys cry! Is this all just a game to you? …

Have you taken even one moment to ask yourself, what happens if all those guys leave, and then, when you open Tinder in Murray Hill, no one is there to explain stock options to you?"

~ Lyz

#Mamdani #immigrants #NewYork #diversity #WallStreet #bankers #EconomicElites
/8

https://lyz.substack.com/p/are-we-the-baddies?

Via #LLRX AI In Finance and Banking, June 15, 2025. Semi-monthly column by Sabrina I. Pacifici highlights news on #AI #finance #banking. 5 highlights #Citi to introduce #GenAI in #wealth management; Compensating for the #Risks Weaknesses of AI/ML Models in Finance; #Centralbanks opportunities and implications posed by #artificialintelligence; Rogo’s AI Analysts Disrupting Junior #Bankers and Empowering #WallStreet; and Starting w the basics: a stocktake of gen AI applications in supervision.

https://www.marketwatch.com/story/mortgage-rates-jump-above-7-after-moodys-downgrade-of-u-s-credit-0d287336

Mortgage rates jump above 7% after Moody’s downgrade of U.S. credit

#us #homebuyer #mortgage #economic #uncertainty #labor #market #refinance #applications #borrowers #rates #usa #mortgage #lending #banking #bankers #lenders #residential #construction #builders #jobs  #fanniemae #fannie #freddie #mortgages #families #economy #recession #moodys #credit #rating

https://www.cnbc.com/2025/04/30/homebuyer-mortgage-demand-drops-further-as-economic-uncertainty-roils-the-housing-market.html

Homebuyer mortgage demand drops further, as economic uncertainty roils the housing market

#us #homebuyer #mortgage #economic #uncertainty #labor #market #refinance #applications #borrowers #rates #usa #mortgage #lending #banking #bankers #lenders #buyers #homes #house #residential #construction #builders #jobs #unemployment #employment
#fanniemae #fannie #freddie #underwriting #mortgages #homeownership #families #economy #recession #stagflation #trumpflation #americans

'Robespierre is wagging his finger
Karl Marx is scratching his head
They ought to be shooting the bankers
But they're giving them money instead
The plebs should be storming the ramparts
And whetting the guillotine's blades
Singing "Capitalism's in crisis"
So where are the barricades?'

Where Are The Barricades – Leon Rosselson

#UKPol #UKPolitics #WhereAreTheBarricades #LeonRosselson #Capitalisn #Bankers

https://finance.yahoo.com/news/mortgage-applications-dropped-last-week-as-rates-shot-up-110025619.html

Mortgage applications dropped last week as rates shot up

Tariff turbulence is beginning to show up in housing data.

#us #homebuyers #usa #mortgage #rates #mortgages #housing #homes #trump #tariffs #american #family #tax #spending #business #taxes #tariff #trade #mba #bankers #loans #lenders #originators #fha #heloc #families #shelter #americandream #refinancing #refinance #GSEs #treasury #yields #bonds #treasurybonds #interest #finance #financing #economy #economics #uspol #politics #usgov #gov #government

Judge scraps US rule capping #CreditCard late fees at $8

U.S. District Judge Mark Pittman in Fort Worth, #Texas granted a joint request by #Trump’s #CFPB and a coalition of 6 business & banking groups [pretty much who the CFPB is supposed to be protecting #consumers from] including the US Chamber of #Commerce & American #Bankers Association to scrap the rule adopted during President Joe #Biden's administration.

#law #economy #PersonalFinance
https://www.reuters.com/business/finance/judge-scraps-us-rule-capping-credit-card-late-fees-8-2025-04-15/

https://www.usatoday.com/story/money/2025/04/14/economy-weak-growth-recession-2025/83048077007/

#us #banking #usa #bankers #finance #banks #creditunions #lending #loans #consumer #trump #tariffs #spending #tax #retail #taxes #industry #food #energy #groceries #grocery #families #family #labor #jobs #inflation #economy #economics #economist #economists #markets #stocks #cpe #cpi #stagflation #trumpflation #trumpnomics #uspol #kakistocracy #coup #junta #fascism

"The target of the administration’s campaign is a stratum of society that’s sometimes called the #ProfessionalManagerialClass, or the #PMC, although there’s not one universal moniker that #MAGA applies to the group it is now crushing. That group includes society’s knowledge workers, its cognitive elite, the winners of the tournament that is the American meritocracy. It covers not only #lawyers, university administrators, and #professors, but also #consultants, investment #bankers, #scientists, #journalists, and other white-collar workers who have prospered in the information age.

Back in the 1990s, as the group began to emerge in its current form, the liberal economics commentator Robert Reich hailed its members as “symbolic analysts”—people who identify and solve problems by thinking through ideas rather than via physical labor. A decade later, the urbanist Richard Florida put forth an even more triumphalist term: the “#creativeclass.” That is, its members had the academic training to master the complexities of a globalized economy, the intellectual skills to conquer the digital world."
https://www.theatlantic.com/ideas/archive/2025/04/trump-waging-war-professional-class/682409/?gift=hVZeG3M9DnxL4CekrWGK3-h3gdyrK22tbt8Qkwl4sX4

#Republican strategist Stuart Stevens, senior advisor for the Lincoln Project, is arguing that monied interests and economic giants #BigTech #WallStreet #bankers #billionaires are complicit in ruining the nation as they blindly follow a president determined to sink markets in both the United States and around the world. #tariffs #economy #financialstability #risk #economics #Trump #maga #wealth #money #power #politics #fear #complicit #collusion #democracy #congress https://www.alternet.org/ceos-trump-policies/