While I received a few requests (given the fact that I have only five readers, 1 request would be "a few") to comment about Friday's Executive Order regarding "Core Principles for Regulating the US Financial System," I want to wait until I have a chance to review the report called for by Section 2, once Secretary Mnuchin and the heads of the other relevant bodies have a chance to give their input. Until then, it's statement of "core principles" is essentially smoke, which this White House appears as adept at blowing as were its predecessors (albeit when this White House does take action, it gives new meaning to the term "ham-fisted"). For a short, pithy, and excellent initial take on the EO, read the Mercatus Center's Hester Peirce's piece.
Speaking of smoke, if I'm lucky, when Secretary Mnuchin delivers the report, he'll hold a press conference that features his fiance, Scottish actress Louise Linton. In an obviously calculated move, she sat behind him during his Senate confirmation hearing looking both bored as all get-out and incredibly hot. Sure, she's no Elizabeth Warren, but when we're talking about foreclosure versus loan modification net present value calculations and appropriate exit strategies for FDIC-assisted bailouts, it's always nice to have a beautiful blonde pouting her lips to scrape the glaze over the surface of your eyeballs. If that all sounds incredibly sexist, well, you're incredibly observant. It's my counterpoint to all the comments I received last week from female friends and acquaintances from across the political spectrum about the president's recent nominee to the Supreme Court, Neil Gorsuch of Colorado. "He's so handsome" was one of the milder comments. Others referred to various activities in which they might wish to engage with a man of such high intellect, many of which, I think, would end badly, with broken gymnastic apparatuses and expired circus animals lying in a heap in the center of the bedroom floor. Yes, he appears to be handsome, for a guy, but, as Pope Francis is fond of saying off-the-cuff, "Who am I to judge?" What I love about him is his judicial philosophy, which appears will not be likely to lead him to find "rights" hiding in the penumbras formed by emanations of specific guarantees found in the Bill of Rights. Naturally, nothing is certain, not even the shade of our Fearless Leader's hair color or skin tone from day-to-day, so once appointed, Gorsuch could "evolve" into a regular Anthony Kennedy, once thought to be a "crunchy" conservative, but who turned out to be a lot more of a squishy within-the-40-yard-lines centrist on many issues and a beyond-the-end-zone progressive on others.
I do admit that one of the side benefits of the EO was that it lit aflame the hairdos of two of my most favorite BFFs, Liz ("I Never Met A Non-Fascist Banker") Warren, and Maxine ("I'm Gonna Socialize You") Watters. Both ranked the EO and a companion memorandum that delays the implementation of a DOL rule that imposes fiduciary status on investment advisers, as somewhat less egregious than ISIS setting off a dirty nuke in LA or Boston, but much more heinous than the Massacre of the Latins in Constantinople in 1182. The belly laugh generated from reading those pillars of intellectual honesty wax apoplectic on these crimes against humanity was worth the time it took to rinse out my mouth after the inevitable loss-of-lunch that occurs every time they speak truth to power.
If the first two weeks of his reign are any indication, the prospect of the next 206 weeks are going to be a great argument for the nationwide push to legalize recreational marijuana use.