Politicians share many of the same skills as magicians. They both use psychological misdirection by making big gestures to distract and fixate spectators, while quietly performing their tricks.
A good example of this is the House and Senate agreeing to raise the budgets for the Commodities Futures Trading Commission and Securities & Exchange Commission in exchange for quietly repealing the Lincoln Amendment to the Dodd Frank financial regulation law.
The action looks like more money for tougher regulation, but eliminating the Lincoln Amendment means American banks are once again free to use taxpayer money to back-stop their speculative derivative trading.
Latest posts by Niamh Harris (see all)
- Russia Blocks Israeli Airstrikes In Syria - September 21, 2019
- Transgender Group Advises Teachers That Puberty Blockers Should Be Given To Kids As Young As 12 - September 17, 2019
- Netanyahu Threatens To Start Another War On Gaza - September 13, 2019