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Keyword: dodd

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  • Three Republicans file papers to challenge Dodd

    07/14/2003 7:45:11 AM PDT · by LurkedLongEnough · 14 replies · 151+ views
    WTNH-TV, New Haven ^ | July 14, 2003 | Staff
    (Hartford-AP, July 14, 2003 6:11 AM) _ Three Republicans have stepped forward to challenge Connecticut's senior senator in 2004. Miriam Masullo of New Canaan, Paul Streitz of Darien and William Bentley of North Haven have all filed papers with the Federal Election Commission to challenge Democratic Senator Chris Dodd. The three have a tough road ahead of them. Dodd has served four terms in the Senate and has almost two million dollars already for his re-election campaign. But Dodd's challengers say they're not daunted by his political experience. Bentley, who manages a Taco Bell in Wallingford, says his lack of...
  • Judd Gregg: Elizabeth Warren and the CFPB

    12/07/2017 6:45:16 AM PST · by george76 · 18 replies
    The Hill ^ | 12/04/17 | JUDD GREGG
    Dodd-Frank financial regulation bill ... The Consumer Financial Protection Bureau (CFPB) was inserted in the bill, which passed on a partisan vote. All the Democrats voted for it. ... The power invested in the director of the CFPB was, and still is, unencumbered by any limiting authority of those elected to govern. He is a person who under Dodd-Frank answers to no-one. His agency receives its funding without any limitation or congressional oversight, as it has a “put” to the unlimited resources of the Federal Reserve rather than the congressionally-appropriated budget. The director of the bureau is essentially an unelected,...
  • When Ted Kennedy and Chris Dodd Sexually Harassed Carrie Fisher

    11/11/2011 4:19:34 PM PST · by Kaslin · 28 replies
    Rush limbaugh.com ^ | November 11, 2011 | Rush Linbaugh
    BEGIN TRANSCRIPT RUSH: Carrie Fisher, speaking of sexual harassment charges, or rather the lack of them in this case. There's an amusing anecdote out there, Carrie Fisher's latest autobiography. She's the daughter, by the way, of the movie star Debbie Reynolds. I met Debbie Reynolds once at a House Clinic event. She was the entertainer. She's hilarious. I had forgotten. She is a hilarious comedienne, Debbie Reynolds. That's Carrie Fisher's mom, and Carrie Fisher played Princess Leia in the first Star Wars flick. That was before calling someone princess was sexist. Do you believe Cain had to apologize for calling...
  • U.S. planning to keep corrupt Latin American officials out

    03/11/2002 1:17:41 AM PST · by Cincinatus' Wife · 15 replies · 391+ views
    Miami Herald ^ | March 10, 2002 | Andres Oppenheimer: The Oppenheimer Report
    ''People will understand that we are serious about going after government corruption,'' he added. ``There is a very selfish reason for this: We end up paying for the bill when these people steal the money, because we have to provide aid, or accept the citizens as refugees or as migrants.'' The Bush administration says it is about to unveil a new weapon to help fight corruption in Latin America: a list of corrupt government officials from the region who will be denied entry visas to the United States. The anti-corruption drive is being led by Otto J. Reich, the...
  • Tipton asks board to consider small banks ( Colorado Congressman )

    02/03/2016 2:36:03 PM PST · by george76 · 2 replies
    Grand Junction Media ^ | February 2, 2016 | Gary Harmon
    A coming change in accounting standards could do irreversible damage to community banks, U.S. Rep. Scott Tipton, R-Colo., said in a letter to the Financial Accounting Standards Board. An accounting-standards update due to be issued by the board would change the way all lenders set aside reserve funds in anticipation of possible losses. The board, wrote Tipton and Rep. Patrick Murphy, D-Fla., should take "utmost caution" in proceeding because it has the potential to "irreversibly damage community banks' and credit unions' ability to continue to adequately serve their customers/members and communities and sustain the economic recovery." ... Tipton, a member...
  • Shadowy federal bureau probably has your credit card information

    01/17/2016 11:53:37 AM PST · by george76 · 11 replies
    Watchdog ^ | January 15, 2016 | M.D. Kittle
    The Consumer Financial Protection Bureau remains "the most out-of-control, unaccountable, and nontransparent agency in the federal government... And we can say that without reservation because this is one of the only agencies that literally operates outside of congressional oversight," added Wise, whose Virgina-based organization "works to protect consumers' right to access free-market goods and services." The CFPB, created under the 2010 Dodd-Frank Act, is funded largely by fees banks pay to the Federal Reserve. While its director, Richard Cordray, has bragged that his bureau has levied more than $141 million in fines used for CFPB education programs or reparation to...
  • Tipton: Federal red tape hurts small banks ( Colorado and .. )

    07/24/2015 8:36:25 AM PDT · by george76 · 6 replies
    Durango Herald ^ | July 23, 2015 | Mariam Baksh
    financial reform increases staffing costs. Small banks are struggling to comply with the Dodd-Frank Act, which was passed to regulate the financial industry in the wake of the 2008 financial crisis, said Rep. Scott Tipton. The Republican from Cortez received some national attention this week for challenging Federal Reserve Chairwoman Janet Yellen to support his plan to ease the burden of Dodd-Frank on small banks. ... Mike Burns, president of Alpine Bank for the Southwest region, said in a phone interview that Dodd-Frank is creating head winds. “We really want to focus our time and energy in supporting the communities...
  • GOP contenders take turns bashing Wall Street

    06/14/2015 8:05:27 AM PDT · by GIdget2004 · 19 replies
    The Hill ^ | 06/14/2015 | Kevin Cirilli
    Republican presidential candidates are increasingly adopting anti-Wall Street rhetoric, as they assail Democrats’ tactics to rein in big banks and appeal to voters’ distrust of the financial sector. In recent weeks, former Texas Gov. Rick Perry declared he is "fed up" with Wall Street's antics, Sen. Ted Cruz (R-Texas) slammed Goldman Sachs and Ohio Gov. John Kasich derided the banking industry as rife with greed. The fiery language comes as the landmark 2010 Dodd-Frank financial reform law nears its fifth anniversary next month. The Democrat-backed statute, Congress’s response to the 2008 economic crisis, put into place hundreds of new regulations,...
  • U.S. to bolster Cuba broadcasts, aid to dissidents (to speed "transformation")

    08/08/2003 11:46:52 PM PDT · by FairOpinion · 8 replies · 302+ views
    Sun Sentinel ^ | Aug. 8, 2003 | William E. Gibson
    Washington · Otto Reich, President Bush's chief adviser on Latin America, said on Thursday that the administration will step up efforts to pressure the Fidel Castro regime, aid dissidents and hasten the political transformation of the island. "I know that President Bush is interested in doing more to accelerate the process of change in Cuba, and it's safe to say that in the next few weeks and months you will see some additional steps," Reich said. "It's been very difficult for this president to implement this policy for Cuba and the Western Hemisphere because up to this week he was...
  • No. 2 Senate Dem: 'We've got a problem' if Dodd-Frank rider stays

    12/12/2014 2:00:20 AM PST · by Libloather · 34 replies
    The Hill ^ | 12/11/14 | Rebecca Shabad
    Senate Majority Whip Dick Durbin (D-Ill.) on Thursday morning slammed a provision in the pending spending bill that would repeal a piece of the Dodd-Frank financial reform law and expressed doubt that enough Democrats could support the package if that rider remains. “I just spoke to Nancy Pelosi. The Democrats believe this is an odious provision that should not be included. Many of us feel the same way,” said Durbin, the No. 2 Democrat in the Senate, on MSNBC’s “Morning Joe.” “[Speaker John Boehner (R-Ohio)] can take it out in the bat of any eye, and I hope he will....
  • Guess Who Makes More Than Bankers: Their Regulators

    04/22/2014 7:22:47 AM PDT · by SeekAndFind · 2 replies
    Wall Street Journal ^ | 04/22/2014 | PAUL KUPIEC
    Long before George Bailey wrestled with Mr. Potter in "It's a Wonderful Life," the public decried the pay of top executives in large financial institutions. Overpaid bank executives are the villains in regulatory morality tales and feed distorted public perceptions about bankers' pay. It is true that the very top bank executives make more in a year than most of us make in a lifetime, but compensation of this magnitude is rare. Most banks in this country are small businesses and pay employees modest salaries. The Bureau of Labor Statistics reports that the average annual salary of a bank employee...
  • Consumer bureau data-mining hundreds of millions of consumer credit card accounts, mortgages

    01/29/2014 10:15:43 AM PST · by Errant · 35 replies
    Washington Examiner ^ | 29 January 2014 | Richard Pollock
    Officials at the Consumer Financial Protection Bureau are conducting a massive, NSA-esque data-mining project collecting account information on an estimated 991 million American credit card accounts. It was also learned at a Congressional hearing Tuesday that CFPB officials are working with the Federal Housing Finance Agency on a second data-mining effort, this one focused on the 53 million residential mortgages taken out by Americans since 1998.
  • Dodd-Frank Spies on You, Too

    09/16/2013 3:56:50 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | September 16, 2013 | Michael Schaus
    Say hello to Big Brother. . . Again. As if the information collected through the NSA, IRS, and FBI weren’t enough, the newly formed Consumer Financial Protection Bureau (does that Orwellian named entity not give you the full body shivers?) has decided that government does not have a stranglehold on the spending habits of enough Americans. As a result, the Bureau, which was created as part of Dodd-Frank, is planning on monitoring up to 80 percent of all debit and credit card purchases – roughly 42 billion transactions. (Ironically, the agency has not released how much this data mining program...
  • The FSOC Expands 'Too Big To Fail'

    07/22/2013 6:54:49 AM PDT · by george76 · 9 replies
    American Enterprise Institute. ^ | July 18, 2013 | Peter J. Wallison
    The FSOC’s decision to expand the too-big-to-fail designation to nonbank firms will be seen as the most damaging action taken under Dodd-Frank. It was no surprise that the Financial Stability Oversight Council (FSOC) decided last week to cite a number of nonbank firms as systemically significant, placing them in line for greater regulatory scrutiny by the Federal Reserve. What was a surprise is that — in the midst of a huge outcry in Congress about banks that are too big to fail (TBTF) — neither Congress nor the administration asked the FSOC to stop the designation process until the too-big-to-fail...
  • Examining How the Dodd-Frank Act Hampers Home Ownership (Allow MORE Subprime?)

    06/18/2013 10:16:29 AM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 06/18/2013 | Anthony B. Sanders
    The Subcommittee on Financial Institutions and Consumer Credit held a hearing today on “Examining How the Dodd-Frank Act Hampers Home Ownership.” The hearing was about the Consumer Financial Protection Bureau (CFPB) and Qualified Mortgages (QM). The fear of Dodd-Frank and the CFPB is that the rules are so severe that it could hamper home ownership. Even though the current rate of home ownership remains above the 1994 rate of 64.2%. On May 29, 2013, the CFPB adopted a number of amendments to the QM rule that were proposed concurrently with the final rule in January. The amendments would (1) exempt...
  • President Obama to Nominate Rep. Mel Watt as FHFA Director

    05/01/2013 4:14:55 AM PDT · by haffast · 8 replies
    Politic365 ^ | 4:21am May 1, 2013 | Lauren Burke
    President Obama will nominate Rep. Mel Watt (D-NC) today to be the Director of the Federal Finance Housing Finance Agency (FHFA). Many have called for the firing of the agency’s current director, Ed DeMarco. DeMarco has headed the agency since 2009 and was a Bush appointee. Watt’s nomination is subject to Senate confirmation. Watt played a key role in the he Dodd–Frank Wall Street Reform and Consumer Protection Act that is now law and has been an advocte for minority lending institutions. Watt is 67 and a graduate of Yale Law School. He has served in Congress since 1993 and...
  • Afghan War vet who helped injured spectator at Boston Marathon bombing comes forward

    04/19/2013 12:33:26 AM PDT · by ConservativeStatement · 7 replies
    NEW YORK DAILY NEWS ^ | April 17, 2013 | Victoria Taylor
    A college student injured by the finish line during the first Boston Marathon blast wanted to thank an Afghanistan vet who helped calm her down in the aftermath. She only knew his first name, but, thanks to a plea from friends in high places, that was enough to find him. During his Tuesday afternoon news conference, Massachusetts Gov. Deval Patrick spoke about meeting a Northeastern University student named Victoria who was being treated for serious shrapnel wounds at Tufts Medical Center.
  • Eight Steps to Eliminate Fannie Mae and Freddie Mac—Permanently

    04/17/2013 2:16:54 PM PDT · by Slyfox · 13 replies
    Heritage Foundation ^ | April 10, 2013 | David C. John
    It is time to close both Fannie Mae and Freddie Mac—the government-sponsored mortgage giants. Both entities distort the country’s housing finance market by issuing mortgage-backed securities with subsidized government guarantees that the mortgages will be repaid. If guarantees are necessary, they should be priced and issued by the private sector, not by the state. Financial institutions expert David C. John details specific steps to achieve this shutdown carefully and methodically without further upsetting the delicate housing market—and without making the situation worse.
  • Grumpy Cat: Consumer Confidence Plunges Along With Retail Sales, Dodd-Frank Goes Nuclear

    04/12/2013 8:37:14 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 04/12/2013 | Anthony B. Sanders
    I hate days like this when all economic indicators are negative. Retail sales and consumer confidence plunged. Mama said there’d be days like this. Not only did the University of Michigan Consumer Confidence plunge from 78.6 to 72.3, it plunged compared to an expectation of a 78.6 print. This was not only a 9 month low in the index, but more importantly the biggest miss to expectations since the index was created. Retail sales were down across the board, the biggest decline since June. Note that big swing and a miss versus the expectations of retail sales. Of course, energy...
  • Dodd Praises Former Klansman

    04/21/2004 5:39:16 PM PDT · by Temple Owl · 12 replies · 175+ views
    County Press (suburban Philadelphia) ^ | 4/21/04 | William W. Lawrence
    http://www.countypressonline.com/site/news.cfm?BRD=2549&dept_id=514258&newsid=11351857&PAG=461&rfi=9 EditorialSecond Thoughts By: William W. Lawrence 04/20/2004The "powerful" Delaware County Republican machine is throwing its full support behind Arlen Specter. This "powerful" gang could not deliver the county for Dubya or his father. Let's make certain they cannot do it for Specter.All real Republicans should vote for Pat Toomey.***So George Soros, an anti-American, anti-Bush billionaire, is funding Arlen Specter's senate campaign and has been a Specter supporter since 1996. Let's send the "powerful" Delco GOP machine and Soros a message. Vote Pat Toomey, Tuesday.***Remember Rick Santorum and Dubya have to support Specter. It's not as though they want to....