Trump says he knows nothing about it, which may well be true. After all, it’s not as if he’s a detail kinda guy, and it’s hardly surprising that minions act upon his whims with only cursory consideration of the nuts and bolts. And Jeanine Pirro, now the United States Attorney for Washington, D.C., which evokes a sad chuckle from anyone who worked in the criminal courts in Westchester County, New York, is nothing if not Trump’s minion. Or, of course, Trump knows all about it and is just lying.
For quite a while now, Trump has demanded that the Federal Reserve Bank lower interest rates under the misguided grasp of economics that if they just lower rates to make cheap credit, it will make people happy and have no collateral consequences. Imagine a mortgage at a rate of 0.9%. How cool would that be, right? Continue reading
