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a lengthy history of complaints of misconduct but was the senior officer on the scene when George Floyd was killed. NBC, “Minneapolis police officer at center of George Floyd's death had history of complaints.” He is now being accorded a level of prosecutorial deference that is
reserved for white officers who have killed suspects in custody but denied to black citizens accused of non-violent misdemeanors.

I have no words of wisdom to bring closure to this tragic situation. The damage will take generations to repair, but that is no excuse for
delaying another day. Part of our victory in 2020 must be to reclaim the progress of the civil rights movement and the generation of change that followed. Yet another reason to step outside our comfort zones to ensure victory in November @threadreaderapp unroll
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Dougie Kass
@DougKass
Coming up on @realmoney
'The Summer of 2020'
Will a growing sense of social and financial disorder and chaos - delivered by income/wealth inequalities, the economic and health consequences of Covid-19, the accumulation of unprecedented debt loads (in the private and public
sectors) and the open wound of institutional racism - lead to a change in political leadership in November? What will it mean for society, our economy and our markets? @jimcramer @tomkeene @SquawkCNBC @cnbcfastmoney @riskreversal @carlquintanilla @michaelsantoli @andrewrsorkin
@riskreversal @terranovajoe @guyadami @lizclaman @pimmfox @business @realdonaldtrump @FerroTV @SullyCNBC @saraeisen @davidfaber@beckyquick @threadreaderapp unroll
Read 3 tweets
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Dougie Kass
@DougKass
@realmoney
Recommended Viewing - A Blast From The Past
* The financial system was imperiled in late Summer 2007 though the bulls argued the Fed will come to our rescue
* With the benefit of hindsight, the Fed was not successful
* Sound familiar?
Here is a great debate I had
with @jonnajarian on Fast Money (with Dylan Ratigan) I August, 2007 (right before the market fell apart)

The core arguments presented by Jon and the other bullish panelists on Fast (look how young Guy Adami appeared!) was that the Fed was our friend and
that modest EPS revisions lower were already priced into the market after a near -10% drop in stocks.
My best idea in the debate was to short the private mortgage insurers - Radian, MGIC and PMI. (The stocks fell by over 95% in the next 1 1/2 years!)
Read 5 tweets
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Dougie Kass
@DougKass
The 2020 @realdonaldtrump "No Apologies" Tour continues:
In his last act as Attorney General, Jeff Sessions changed DOJ policy to make it effectively impossible for the federal government to monitor local police departments accused of systematic violations of the civil rights
of black Americans. See NYTimes, (11/08/2018) “Sessions, in Last-Minute Act, Sharply Limits Use of Consent Decrees to Curb Police Abuses.” Under Sessions’ policy, the imposition of a consent decree requires approval from Trump’s political appointees (unlikely). Moreover, consent
decrees are limited to cases where there is evidence of illegal conduct in addition to unconstitutional practices by the police!
While there is no direct connection between Trump’s ban on consent decrees and the killing of George Floyd in Minneapolis, the message from Trump to
Read 10 tweets

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