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Current Events > Trump says, pending SEC approval, quarterly reports will be changed to 6 months

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Kain_Highwind
09/15/25 12:46:40 PM
#1:


https://gamefaqs.gamespot.com/a/forum/8/88dcab3f.jpg

doing it because the quarterly reports are bad and this is trying to sweep that under the rug obviously but honestly, quarterly is kinda bad and chasing short term profits is something that needs to be addressed

they'll probably go about it completely the wrong way tho

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kiwimyweewee
09/15/25 12:47:30 PM
#2:


I thought china was bad?

According to trump, so his reasoning on emulating China is out of left field as usual.

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Rob_the_Ninja
09/15/25 12:48:18 PM
#3:


Our economy is turbo fucked.
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solosnake
09/15/25 12:49:46 PM
#4:


trump is such a sensitive guy

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jefffan
09/15/25 12:50:11 PM
#5:


Kain_Highwind posted...
https://gamefaqs.gamespot.com/a/forum/8/88dcab3f.jpg

doing it because the quarterly reports are bad and this is trying to sweep that under the rug obviously but honestly, quarterly is kinda bad and chasing short term profits is something that needs to be addressed

they'll probably go about it completely the wrong way tho
So we're now not going to know if something is going until half the year is over?

Somehow I don't see that working out for stockholders. But God forbid Elon "works" more than 4 hours a week while the rest of us slave away.

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divot1338
09/15/25 12:51:41 PM
#6:


Cool. Thats a legally required reporting schedule we have placed on the SEC.

Its not up to the SEC and its not up to the President.

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PeteyParker
09/15/25 12:51:45 PM
#7:


No company is chomping at the bit to do this and the shareholders will absolutely riot. Not a big surprise that Bankruptcy King Trump thinks this is a good idea.

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Takuya_Lee
09/15/25 12:52:30 PM
#8:


PeteyParker posted...
No company is chomping at the bit to do this and the shareholders will absolutely riot. Not a big surprise that Bankruptcy King Trump thinks this is a good idea.

Honestly makes me wonder which idiot is pitching this to him? Is it Peter Navarro?

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tremain07
09/15/25 12:52:56 PM
#9:


Pure insanity who does this help

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UnholyMudcrab
09/15/25 12:53:08 PM
#10:


They should only have to report quarters when the numbers go up. If they report quarters when the numbers go down, that's bad, and nobody wants to read reports that are bad. I'm expecting my Nobel Prize in Economics in the mail within 5-7 business days.

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divot1338
09/15/25 12:53:14 PM
#11:


tremain07 posted...
Pure insanity who does this help
Donald Trump

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Starks
09/15/25 12:53:31 PM
#12:


Even if reporting changes, companies still want to realize revenue on at least a quarterly basis.

And they would just ignore this and continue their quarterly reporting because the stakeholders demand it.

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Prismsblade
09/15/25 1:03:24 PM
#13:


Were still in a recession. Buying time by making it easier to cook the books or just stall isnt benefiting this country at all.

Just the opposite actually.

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#14
Post #14 was unavailable or deleted.
Starks
09/15/25 1:07:48 PM
#15:


Trump treats disclosure and transparency like poisonous inconveniences. And he never has understood for a second how he wears his thoughts and feelings on his sleeve when he thinks he's being slick.

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Hospy
09/15/25 1:08:19 PM
#16:


This is probably bad in general but I'm personally looking forward to filing half the number of reports.
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sfcalimari
09/15/25 1:08:20 PM
#17:


Incoming big brain Five-Year Plans.

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TomClark
09/15/25 1:13:34 PM
#18:


(6)

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BucketCat
09/15/25 1:17:17 PM
#19:


idk much about the economy so I'm prob wrong, but I feel like this is just a good way to cover up how bad things actually are.

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Starks
09/15/25 1:21:33 PM
#20:


My father just went through a 10K and that shit was rough.

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Cory898
09/15/25 1:25:05 PM
#21:


And what are they supposed to do with that extra money, compensate their labor?

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Shamino
09/15/25 1:33:40 PM
#22:


[LFAQs-redacted-quote]


He's basically the reason Atlantic City went under.

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PeteyParker
09/15/25 1:42:09 PM
#23:


Shamino posted...
He's basically the reason Atlantic City went under.

Which is why it's wild that Ocean County is such a MAGA stronghold. People in East Bumblefuck, Middle of Nowhere at least only knew him as the gameshow guy on TV. South Jersey people literally saw the damage he did and still support him.

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havean776
09/15/25 1:43:16 PM
#24:


BucketCat posted...
idk much about the economy so I'm prob wrong, but I feel like this is just a good way to cover up how bad things actually are.
Delay the news with how bad he's doing.

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PeteyParker
09/15/25 1:44:06 PM
#25:


havean776 posted...
Delay the news with how bad he's doing.

It's how he's done it in court for decades now and still does it. Appeal and delay every day.

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KnightofShikari
09/15/25 1:48:36 PM
#26:


then in 6 months he'll want to change it to yearly
then every two years
then every 4
boom no bad reports about his economy!

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CobraGT
09/15/25 1:50:12 PM
#27:


This is serious. The good news is this shows that Trump is not able -at this time- to lie or omit.

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creativerealms
09/15/25 1:52:31 PM
#28:


He's scared. He knows he is tanking our economy.

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Westernwolf4
09/15/25 1:54:56 PM
#29:


PeteyParker posted...
No company is chomping at the bit to do this and the shareholders will absolutely riot. Not a big surprise that Bankruptcy King Trump thinks this is a good idea.


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tremain07
09/15/25 3:25:47 PM
#30:


creativerealms posted...
He's scared. He knows he is tanking our economy.
If he knows that why is he doing moves that'll tank it even faster, better yet why are there so many rich loyal morons actively assisting him in making their fortunes disappear?

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Shamino
09/15/25 3:35:50 PM
#31:


tremain07 posted...
If he knows that why is he doing moves that'll tank it even faster, better yet why are there so many rich loyal morons actively assisting him in making their fortunes disappear?

People really seem to have a bad case of "I'm a good guy, it won't happen to me"

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havean776
09/15/25 3:48:57 PM
#32:


tremain07 posted...
If he knows that why is he doing moves that'll tank it even faster, better yet why are there so many rich loyal morons actively assisting him in making their fortunes disappear?
Maybe he's an idiot.

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tremain07
09/15/25 3:53:19 PM
#33:


All of this really makes me think he's gearing up to do like that monorail conman on the simpsons because he's trying to hide how fucked this economy is, his stupid racist administration blew up one of the few deals he actually had because you know, racism and while his tariff case works through the courts where if they say he can't do them the united states is immediately in bankruptcy as it'll be on the hook to corporations and other countries for millions to billions of dollars the treasury would have to pay that money, the same treasury trump is trying to gain full control of so he and his rich buddies can funnel all of that money into their personal out of country bank accounts.

Now if they say he can do it it means he'll ramp them up even more in order to extort more countries into giving him deals and money and they won't even have to take their retaliatory tariffs off us meaning they get their goods cheap or elsewhere while we pay a ridiculous price hike for their goods still while of course Trump will give the heads up to buddies so they can dump and pump their stocks and make even more money which will send more people into debt and maybe even homelessness and well given the recent comments by a fox news host we know how they wanna deal with that crisis.

Finally, the cherry on this is the federal rate, Trump doesn't control that yet but with a supreme court ruling effectively telling him he can fire Powell who he loathes it's a ticking bomb til he finally does that and if by some miracle he never does Powell's out May of next year so between now and then the economy has no where to go but down

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divot1338
09/15/25 3:54:39 PM
#34:


tremain07 posted...
All of this really makes me think he's gearing up to do like that monorail conman on the simpsons because he's trying to hide how fucked this economy is, his stupid racist administration blew up one of the few deals he actually had because you know, racism and while his tariff case works through the courts where if they say he can't do them the united states is immediately in bankruptcy as it'll be on the hook to corporations and other countries for millions to billions of dollars the treasury would have to pay that money, the same treasury trump is trying to gain full control of so he and his rich buddies can funnel all of that money into their personal out of country bank accounts.

Now if they say he can do it it means he'll ramp them up even more in order to extort more countries into giving him deals and money and they won't even have to take their retaliatory tariffs off us meaning they get their goods cheap or elsewhere while we pay a ridiculous price hike for their goods still while of course Trump will give the heads up to buddies so they can dump and pump their stocks and make even more money which will send more people into debt and maybe even homelessness and well given the recent comments by a fox news host we know how they wanna deal with that crisis.

Finally, the cherry on this is the federal rate, Trump doesn't control that yet but with a supreme court ruling effectively telling him he can fire Powell who he loathes it's a ticking bomb til he finally does that and if by some miracle he never does Powell's out May of next year so between now and then the economy has no where to go but down
I dont know. Thats more of a Shelbyville idea.

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tremain07
09/15/25 3:58:46 PM
#35:


if it weren't so horrible to be in it'd be impressive how this man destroyed an economy on the upswing in less than a year in office and he's poised to break it so much that it will be impossible for it to recover

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Cuticrusader09
09/15/25 4:08:24 PM
#36:


Shamino posted...
He's basically the reason Atlantic City went under.
No, not really. NY, PA and CT allowing casinos to be built started the downfall.

I live in CT and once we had Foxwoods nobody was driving down to Atlantic City anymore. Why drive 4 hours when you had a casino less than an hour away. And you can be sure that anyone north of CT chose to go there as well (up until MA got their own casinos).

Atlantic City just never considered what would happen if competition opened up in areas more convenient for their customers.
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Red_XIV
09/15/25 4:14:12 PM
#37:


kiwimyweewee posted...
I thought china was bad?

According to trump, so his reasoning on emulating China is out of left field as usual.
China actually does require quarterly reporting, and with more stringent reporting requirements than the United States. It's the European Union that uses semiannual reporting.

Also, even less transparency for corporations is always a bad thing.

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Rika_Furude
09/15/25 4:16:10 PM
#38:


6 months is hardly better. Id like it so that companies have a long term vision again and have say, 5-10 year objectives. Instead of sacrifice it all just for the next 3-6 months
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BB_mofo
09/15/25 4:46:37 PM
#39:


divot1338 posted...
All of this really makes me think he's gearing up to do like that monorail conman on the simpsons because he's trying to hide how fucked this economy is, his stupid racist administration blew up one of the few deals he actually had because you know, racism and while his tariff case works through the courts where if they say he can't do them the united states is immediately in bankruptcy as it'll be on the hook to corporations and other countries for millions to billions of dollars the treasury would have to pay that money, the same treasury trump is trying to gain full control of so he and his rich buddies can funnel all of that money into their personal out of country bank accounts.

Adds more credence to the theory that Trump's backers planned to default on the United States's debt and that Trump wasn't filled in on this. People predicted they would drop him to save the economy, but I assume they'll only get rid of him after the economy is destroyed and the United States defaults. Trump is their fall guy.

Default on the debt, buy up everything on the cheap, literally own the nation the same way as the oligarchs own Russia while making money during the rebuild of the economy. The 2008 crash was an inadvertent practice run.

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Red_XIV
09/15/25 10:20:59 PM
#40:


Rika_Furude posted...
6 months is hardly better. Id like it so that companies have a long term vision again and have say, 5-10 year objectives. Instead of sacrifice it all just for the next 3-6 months
But the less frequently the companies have to report their earnings and other data, the more rampant the fraud will be.

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DnDer
09/15/25 10:24:40 PM
#41:


Rob_the_Ninja posted...
Our economy is turbo fucked.

Couldn't have said it better.

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DnDer
09/15/25 10:40:50 PM
#42:


BucketCat posted...
idk much about the economy so I'm prob wrong, but I feel like this is just a good way to cover up how bad things actually are.

"Our [quarterly reports] are the best in the world, and we have the most of them. By having more [quarterly reports], we find more [of my economic failures stemming from tariffs and other stupid shit I've done to the economy], he continued.

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Tyranthraxus
09/15/25 10:41:31 PM
#43:


tremain07 posted...
Pure insanity who does this help

Trump

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Alteres
09/15/25 10:50:05 PM
#44:


nooooom

bleh, this sound like a great time

(public accountant)

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Compsognathus
09/15/25 10:50:12 PM
#45:


This is incredibly stupid (and I'm glad I'm not in public accounting anymore), but I can't imagine shareholders would suddenly be okay getting rid of quarterly reports just because they aren't mandatory.

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mybbqrules
09/16/25 12:23:35 AM
#46:


PeteyParker posted...
Which is why it's wild that Ocean County is such a MAGA stronghold. People in East Bumblefuck, Middle of Nowhere at least only knew him as the gameshow guy on TV. South Jersey people literally saw the damage he did and still support him.
Racism is a hell of a drug.

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Kami_no_Kami
09/16/25 12:25:41 AM
#47:


Thats stupid, but also release the Epstein files.
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Ya_dun_goofed
09/16/25 12:27:28 AM
#48:


Kain_Highwind posted...
https://gamefaqs.gamespot.com/a/forum/8/88dcab3f.jpg

doing it because the quarterly reports are bad and this is trying to sweep that under the rug obviously but honestly, quarterly is kinda bad and chasing short term profits is something that needs to be addressed

they'll probably go about it completely the wrong way tho

This changes nothing, just a small delay to help hide things in the near future.

It'll take regulation and culture change to get us back to looking at things over the course of a years rather than quarters, and that obviously isn't happening under this administration.

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HeWhoHasNoShadow
09/16/25 1:08:13 AM
#49:


Just what wall street needs, less transparency


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