/biz/ - Business & Finance

>be Trump
>refuse to close loophole that would require foreign subsidiaries to report their exposure to derivatives, their lack of regulation being one of the primary causes of the ‘08 recession
>since it’s difficult to evaluate derivatives corporations massively overstate their earnings contributing to stock price inflation
>cut corporate tax rate from 35% to 21%
>corporate executives receiving compensation mostly in the form of stock options use these savings on stock buybacks to further inflate stock prices
>presidency looks great from surging stock market
>executives get rich off of their compensation packages
>absolute win-win
>print monopoly money to replace lost money from tax cut, decreasing purchasing power and shifting the burden to taxpayers
>do nothing about student loan crisis
>do nothing about household debt and credit bubble
>do nothing about massive federal deficit
>essentially playing a game of economic hot potato
>hopes to keep up the facade and continues to artificially pump the market until the end of his presidency so he can shit in the hands of an incoming democratic president
>have the Republican Party by puppet strings as they know they can shift the blame onto Democrats when the ticking time bomb explodes
>profit off this knowledge and become increasingly shameless aware they have nothing to lose besides their dignity
>HI CORONA-CHAN HERE~
>massive selloff begins
>investors start panicking
>facade starts slipping away
>”oh fuck”
>tries to save a sinking ship with bandages and toothpicks
>market barely responds as it freefalls into oblivion
something something karma