ten-step program for adjusting to president-elect trump new york times. actually not bad. 




donald trump ran on protecting social security but transition team includes privatizers / intercept (martha r). looks like the answer as to whether trump was getting rolled by the republican establishment is coming pretty quickly. remember that trump doesn<u+2019>t owe wall street anything; this appears to be the result of turning to republican <u+201c>experts<u+201d>. 




trump recruiting among the lobbyists he once denounced new york times. 




donald trump: jpmorgan<u+2019>s jamie dimon being considered for treasury fortune (resilc). wonder if trump is running this trial balloon to make elizabeth warren see red and make trump<u+2019>s good buddy carl ichan look good by comparison. 




trump<u+2019>s transition team works to form cabinet wall street journal. story flogs hensarling as a possible treasury secretary candidate (gah!) along with other scary ideas. but i tend to discount this because hensarling is a buddy of pence, and so far, trump<u+2019>s interactions with pence have featured lots of friction. and hensarling is plenty useful to trump right where he is now. let<u+2019>s hope this reading proves to be correct. 




u.s. consumer financial agency could be defanged under trump reuters 




trump ascends to the cherry blossom throne <u+2013> tyler sic semper tyrannis (kfathi). a contrary view to the links above, and today<u+2019>s must read. bear in mind that he exaggerates the role of soros in us politics (eastern europe is a completely different kettle of fish). too many other squillionaires throwing $ at candidates and think tanks. see his comment about john bolton in particular (mind you i don<u+2019>t see how anyone can think bolton is a good idea), and his warning: <u+201c>instead, my friends on the left, worry that he will not only do what he said he would, but he<u+2019>ll go above and beyond, and the people will love him for it.<u+201d> but this cheery reading discounts the difficulty trump will have in securing the ability to govern. saboteurs on what is nominally your side are a tougher obstacle than external opponents. 




blankfein says trump infrastructure commitment good for growth bloomberg (resilc) 




before taking the white house, trump due in court over fraud vanity fair. a president<u+2019>s power of pardon is absolute save for impeachment, so trump could pardon himself. but would he dare? and i<u+2019>m not an expert on immigration law, but it<u+2019>s hard to see how trump is on shaky legal ground in deporting undocumented aliens. other countries do it all the time. try overstaying your visa and watch what happens if you get caught out. 




trump shows every sign of carrying out sweeping immigration crackdown bloomberg. if trump moves too fast on deportations, as opposed to policy changes (as in relying on loud noises, including warnings to employers, to induce many undocumented workers to leave of their own accord), trump could precipitate sustained and serious protests. but the feds may lack the staffing to increase deportations all that much near term. 




record numbers of undocumented immigrants being detained in u.s. bloomberg. resilc: <u+201c>last i checked a demo has been in control since 2008.<u+201d> 




trump bucks protocol on press access associated press. lambert: <u+201c>and where were they when clinton didn<u+2019>t hold a press conference for ~300 days?<u+201d> 




https://wikileaks.org/podesta-emails/emailid/58393 . martha r: 




when you go to the link, click on attachment to download the pdf of the 9-page report. 




from the bottom of page 6: 




other insights: based on group discussion, and debate exercises distributed prior to the debate. by the numbers <u+2022> who won the debate: 27 to 2(or 3*) in favor of sanders <u+2022> who is more electable in november: 15 to 13 in favor of sanders <u+2022> who has a stronger message: 17 to 11 in favor of sanders <u+2022> who will win the south carolina primary: 10 for sanders, 9 for clinton, and 11 unsure <u+2022> who moved undecided voters: 14 lean sanders, 2 lean clinton, 14 remain undecided *one of the hrc supporters was uncertain about her position post group. 




the polls missed trump. we asked pollsters why. fivethirtyeight. resilc: <u+201c>because they are a con and mumbo jumbo?<u+201d> moi: notice how silver focuses on how <u+201c>pollsters<u+201d> missed to exculpate his own failings. as keynes said: 




a sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.
links 11/11/16
yves smith