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Trump goes swamp fishing

Wall Street guy to help president on international economic affairs

Kenneth Juster, a partner and managing director of Wall Street's Warburg Pincus, has been named deputy assistant to the president for international economic affairs. He has resigned as a boardmember of San Diego's troubled Bridgepoint Education.

Warburg Pincus was the original backer of Bridgepoint and owns 59.8 percent of its stock. Juster has also resigned from Warburg Pincus.

Bridgepoint is being investigated by several federal agencies, including the Consumer Financial Protection Bureau, the Securities and Exchange Commission, and the Department of Education. Bridgepoint gets 85 percent of its revenue from the federal government through programs such as Pell grants.

The day after the election, the stock of Bridgepoint and other for-profit universities began rising, as Wall Street assumed that regulation would drop under President Trump. When Trump named billionaire Betsy DeVos as his pick to head the Department of Education, Trump said she was the one to tackle the department's bureaucracy — an indication that DeVos will try to reduce education regulation.

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Kenneth Juster, a partner and managing director of Wall Street's Warburg Pincus, has been named deputy assistant to the president for international economic affairs. He has resigned as a boardmember of San Diego's troubled Bridgepoint Education.

Warburg Pincus was the original backer of Bridgepoint and owns 59.8 percent of its stock. Juster has also resigned from Warburg Pincus.

Bridgepoint is being investigated by several federal agencies, including the Consumer Financial Protection Bureau, the Securities and Exchange Commission, and the Department of Education. Bridgepoint gets 85 percent of its revenue from the federal government through programs such as Pell grants.

The day after the election, the stock of Bridgepoint and other for-profit universities began rising, as Wall Street assumed that regulation would drop under President Trump. When Trump named billionaire Betsy DeVos as his pick to head the Department of Education, Trump said she was the one to tackle the department's bureaucracy — an indication that DeVos will try to reduce education regulation.

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31

With nothing better than educated guesses about what will come from this administration, the best anyone can do right now assume. We can all hope that our assumptions are more-or-less correct, and go from there.

Jan. 29, 2017

Visduh: I would not be surprised if Trump brings a black swan -- a REALLY black swan. You are right: the best we have now is educated guesses. Best, Don Bauder

Jan. 29, 2017

Hoover famously promised "a chicken in every pot." That was a year before the Crash of 1929 and the Great Depression.

Now with the Dow finally touching 20,000, Trump is putting "a fox in every henhouse." How long will it be before we run out of poultry and eggs?

Jan. 29, 2017

Cassander: Hoover also promised an auto in every garage. I can't disagree: potentially, Trump is putting a fox in every henhouse. But when he is challenged, (sanctuary cities, his immigration/refugee pronouncement, etc.) he has the ability to back down -- without admitting he is doing so. Best, Don Bauder

Jan. 29, 2017

What a complete Disaster Trump has been!!! And, it has only been a week. Trump has already trampled numerous Constitutional rights, added White Supremacist Steve Bannon to the National Security Council, Downgraded Joint Chiefs of Staff professionals (who know what the F they are doing and would not rush us into an unjustified nuclear war), Created a constitutional crisis at airports with overreaching Executive Orders banning travel for large groups of people(Emergency Injunctions just issued by multiple Federal Judges stopped Trump's Actions), Tried to appoint numerous LARGER ALLIGATORS to his cabinet including the Amway multi level marketing pyramid scheme lady Betsy De Voss(grilled at confirmation hearings and found to have zero applicable experience in teaching, administration and education..But, the family threw around campaign contributions like horse manure)....Has thousands of "CONFLICTS OF INTEREST FROM DAY According to W Bush's White House Ethics Lawyer....The list is very long... Has taken away rights from women...TRUMP IS UNITING OUR COUNTRY AND THE WORLD AGAINST HIM..Trump has the lowest approval rating of any incoming President in US history (in the low 30's %). .The Las Vegas Odds that Trump will be Impeached and Removed From office within 18 months are running at 50/50. Wonder what the Odds are that Trump caves into Putin and lifts sanctions (handing the Russian economy at least 500B gift wrapped and selling out the freedom of the Ukrainian people?! The former KGB and and FSB official who leaked the Trump Dossier to the British MI6 Officer has just been found dead in the trunk of car in Moscow...so Trump's" Brokeback Mountain buddy" Putin has been busy as usual... Harvard and John Hopkins nationally renowned psychiatrists have stated that Trump is the first known person entering the Presidency who is seriously mentally ill. SEE EXTREME NARCISSISTIC PERSONALITY DISORDER and much more..(Nixon was judged to be mentally ill after he became President). Fasten your seat belts. If we are still alive by then, perhaps we will have a New President by 2018 or 2020 at the latest...

Jan. 29, 2017

And we are only a few days into this disaster.

Jan. 31, 2017

AlexClarke: It should be good for media companies' bottom lines. Best, Don Bauder

Jan. 31, 2017

SportsFan0000: That is a good summary. I didn't know about those Vegas odds -- interesting. Unfortunately, I am not a betting man and I hate Las Vegas.

If he has an extreme narcissistic personality disorder, would it be redundant to add that he is a sociopath? Best, Don Bauder

Jan. 29, 2017

Just received a live video stream of the British Parliament Debating whether to Ban Donald Trump from admission to the United Kingdom..

Jan. 30, 2017

SportsFan0000: But UK politicians are welcome in the U.S. Best, Don Bauder

Jan. 31, 2017

Mike Murphy: Trouble is, most of the stock exchange volume comes from rapid-fire, computerized trading. Computers don't assume unless they are fed volumes of information by humans. Or can computers assume? Best, Don Bauder

Jan. 29, 2017

Hiring losers is yet another attempt to make Trump look better. I believe the game plan is to get the people hostile so that martial law can be declared similar to what happened in Turkey!

Jan. 29, 2017

Founder: Trump is doing as good a job making Americans hostile as Mark Fabiani did making San Diegans hostile. Best, Don Bauder

Jan. 29, 2017

It's too bad the president is not required to undergo a psychiatric evaluation before being able to be sworn in. It's ironic that hundreds of thousands of his charges (Federal employees) have had to undergo extensive background checks and mental health evaluations before employment.

A few psychiatric professionals have broken the "Goldwater Rule" in calling out Trump as having borderline personality disorders and narcissistic personality disorder. One said his behavior resembles psychotic delusional disorder; "a person experiencing delusional disorder strongly believes in things that are not real."

Is it possible that Trump may become the first president to be removed from office by congress under Section 4 of the 25th Amendment? That may be the most expedient move the legislative branch can take to curb more damage to the republic.

Jan. 29, 2017

Ponzi: It takes such a monstrous ego to want to be president that I fear a number of them would have flunked a psychiatric exam. Teddy Roosevelt -- a president I admired greatly for busting trusts and expanding the national park system -- was a jingoist who might have flunked.

I remember that a large number of psychiatrists took out an ad in the New York Times proclaiming that Barry Goldwater had mental problems. Actually, I think Lyndon Johnson should have been the shrinks' target. He had an ego the size of Texas.

I don't know about Section 4 of the 25th amendment. Tell us more. Then place your bet in Vegas. Best, Don Bauder

Jan. 29, 2017

Lincoln has been studied and analyzed as "clinically depressed" throughout his presidency and life. His wife was seriously mentally ill. Lincoln also had numerous serious medical problems including rare genetic disorder called Marfan syndrome....

Jan. 31, 2017

SportsFan0000: Yes, both Lincolns had psychological problems, and Abe is said to have Marfan syndrome.

Do you know who else is said to have hadMarfan syndrome? Nicolo Paganini, perhaps the greatest violinist of all time. Best, Don Bauder

Jan. 31, 2017

Good heavens. Why is Trump still president? Is there no one in our halls of power so untouched by corruption that they will stand up and call for his removal?

Jan. 29, 2017

The Dems are powerless and the Repubs are all about money and control.

Feb. 1, 2017

AlexClarke: That's one way to sum it up. Best, Don Bauder

Feb. 1, 2017

chendri887: He hasn't been in power long enough to get public opinion riled up enough for action now, especially since so many of his backers are low-information voters. They probably know nothing about what he has been doing this week. Best, Don Bauder

Jan. 29, 2017

Imagine IIIFFF (that's a big IF) the roles were reversed. Clinton won because of election fraud (not voter fraud), Interstate Crosscheck (look it up), gerrymandering, etc. She tweets, appoints idiots, and makes even the slightest stupid remark. The corporate press would be all over it and impeachment hearings would already be in effect. Bin Laden got a last laugh, now Putin is smiling. Maybe our last hope is getting money out of politics. https://movetoamend.org/ http://www.wolf-pac.com/

Jan. 30, 2017

FJL: Our last hope -- getting money out of politics -- is a futile hope. Best, Don Bauder

Jan. 31, 2017

Most people who claim to want "money out of politics" are usually A-OK with their favored groups (labor unions) pouring enormous amounts of money into the coffers of their favored politicians (Democrats). This state is run by and for the public employee labor unions, to the point that we never hear a peep about draining THAT swamp.

Jan. 31, 2017

jnojr: Your argument would have been sound several decades ago. Coming out of World War II, about 30 percent of American workers were unionized. They could tie up the national economy with a strike. Now the figure is 8 percent. Unions do not have anywhere near the power they formerly had.

The big political money comes from Wall Street and other billionaires such as the Koch brothers. It is true, however, that a lot of Wall Street/bllionaire money goes to Democrats. Best, Don Bauder

Jan. 31, 2017

Don, jnojr is ignorant about unions and how they operate. Of course they feed the political machine but do so in the interest of their membership. The decline in the middle class follows the decline in unions. Unions were are are the only counter balance to Wall Street and billionaire greed. The middle class is powerless because unions are powerless.

Feb. 1, 2017

AlexClarke: One reason American corporations move their jobs to low- and slave-wage nations is to smash the labor unions. Half a century ago, big companies moved their operations down South to beat the labor unions. Now they move the operations overseas to grab even lower-wage workers. Best, Don Bauder

Feb. 1, 2017

Cognitive dissonance. Keep Trump. To keep that determined ideologue Pence out!

Jan. 31, 2017

I'd still rather have Pence because at least we know where he's coming from and he has governed.

Jan. 31, 2017

Ponzi: We may or may not know where Pence is coming from. But Pence knows where he is going -- heaven. Best, Don Bauder

Jan. 31, 2017

Flapper: I once wrote a whole column on cognitive dissonance. I will not regurgitate it now. To keep Trump in office to avoid getting Pence as president is not wise policy. Best, Don Bauder

Jan. 31, 2017

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