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Keyword: doddfrank

Brevity: Headers | « Text »
  • Big win for Bank of America as court overturns $1.3 billion penalty in 'Hustle' fraud case

    05/23/2016 10:23:58 AM PDT · by DUMBGRUNT · 4 replies
    biz journals ^ | 23 May 2016 | Jen Wilson
    Bank of America Corp. (NYSE: BAC) on Monday notched a major legal win when a U.S. appeals court overturned a $1.27 billion penalty handed down in a high-profile fraud case tied to mortgages sold by its Countrywide unit prior to the financial crisis of 2008.
  • Treasury Must Not Forget That With Lending, Ignorance Isn't Bliss

    05/23/2016 4:32:18 AM PDT · by expat_panama · 4 replies
    Real Clear Markets ^ | May 23, 2016 | Brian Knight
    The use of technology to better assess a potential borrower's risk profile and score borrowers who previously could not be scored-or were scored inaccurately-is one of the most exciting elements of marketplace lending. That is, of course, unless you are the U.S. Treasury Department, which according to its recently released report on marketplace lending worries that technology will make loan underwriting too good. That isn't a typo; the Treasury is worried that better underwriting may be "unfair" because it can disadvantage borrowers who are currently mischaracterized as low risk by making them pay higher (that is to say, correct) rates....
  • Repeal Dodd-Frank!

    05/11/2016 4:53:59 AM PDT · by expat_panama · 40 replies
    Investors Business Daily ^ | May 6, 2016 | Editorial
    Financial Meltdown: Thanks to the media, many Americans believe that the financial crisis was a result of banking deregulation. A new study delivers a thorough debunking of that idea. A group of respected think tanks — the Heritage Foundation, the American Enterprise Institute, the Cato Institute and the Mercatus Center — has issued a 208-page book titled “The Case Against Dodd-Frank: How The ‘Consumer Protection’ Law Endangers Americans.” It’s a devastating indictment of the law. The book crushes the conventional media and liberal political narrative that deregulation was at the heart of the crisis... ...the crisis “was principally the result...
  • Trump: I’ll reduce the national debt by getting creditors to accept less

    05/06/2016 1:00:04 PM PDT · by SeekAndFind · 72 replies
    Hotair ^ | 05/06/2016 | AllahPundit
    <p>Reminds me of something Mike Murphy said about Trump in the aftermath of Jeb’s collapse. The logic in favor of nominating another Bush was always, er, complicated, but the logic against nominating a loose cannon is straightforward.</p> <p>I’ll bet even Murphy didn’t think Trump would advertise the possibility that America’s creditors might not receive payment in full in a Trump administration. Choose your own preferred term for what he’s recommending here — renegotiation, bankruptcy, default.</p>
  • Rep. Stephen Lynch (D-MA) pushing Hollywood Fiction for More Banking Regulations

    05/05/2016 8:25:41 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 05/05/16 | Megan Barth
    The Big Short: As The Big Short is short on reality, Big Government is short on accountability If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it.—Ronald Reagan Enter Dodd Frank: legislation named after Democrats’ Christopher Dodd and Barney Frank, which enacted 2,300 pages of banking regulations. What could have possibly gone wrong with 2,300 pages of new government regulations on banks? This:
  • What Did Fed Chairman Yellen Tell Obama?

    04/19/2016 11:48:41 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | April 19, 2016 | Ron Paul
    Last week, President Obama and Vice President Biden held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen. According to the one paragraph statement released by the White House following the meeting, Yellen, Obama, and Biden simply "exchanged notes" about the economy and the progress of financial reform. Because the meeting was held behind closed doors, the American people have no way of knowing what else the three might have discussed. Yellen's secret meeting at the White House followed an emergency secret Federal Reserve Board meeting. The Fed then held another secret meeting to discuss bank reform. These...
  • Elizabeth Warren’s Cherokee Problem is back

    03/20/2016 3:30:47 PM PDT · by kevcol · 86 replies
    Legal Insurrection ^ | March 20, 2016 | William A. Jacobson
    Say what you want about Donald Trump, but he has an instinctive knack for zeroing in on an opponent's inherent weakness. With Jeb, it was "low energy." That term exploited a key perception problem of Jeb, and one he couldn't shake. So to did "Little Marco," which may have ended not only Marco Rubio's presidential campaign, but his political career . . . More heavyweights are jumping in to stomp Trump, including Elizabeth Warren. Asked about her jabs, he pounced: "I think it's wonderful because the Indians can now partake in the future of the country. She's got about as...
  • Fed proposes rules to boost stability of financial system

    03/04/2016 2:33:51 PM PST · by Olog-hai · 13 replies
    Associated Press ^ | Mar. 4, 2016 5:26 PM EST | Martin Crutsinger
    The Federal Reserve has put forward new rules aimed at addressing one of the primary causes of the 2008 financial crisis -- the financial exposures that the biggest banks had with each other. The Fed is proposing new limits on that exposure. It hopes the new rules will prevent the type of crisis that engulfed the U.S. financial system in September 2008 when the collapse of Lehman Brothers raised fears about the stability of other banks that had made loans to Lehman. [...] The rules would implement a portion of the Dodd-Frank Act passed by Congress in 2010 in response...
  • Why So Many Historians Agree With Ted Cruz On Gold

    02/09/2016 11:40:04 AM PST · by GodGunsGuts · 82 replies
    Forbes ^ | February 9, 2016 | Nathan Lewis
    Echoing the recent sentiments of Steve Forbes, this week Republican presidential contender Ted Cruz told a group in New Hampshire: "Money is ... a unit of measurement. So, the reason why we see these rapid oscillations in commodities markets, it's because of unstable currencies. And it's why I think we should look at going toward rules-based money supply, ideally tied to gold, so you have stability." Perhaps this will trigger another flood of disagreement in the mainstream press, such as the recent New York Times item which reported that 40 out of 40 "leading economists" said that a gold standard...
  • Hold on Ex-Im nomination keeps cronyism crimped

    02/09/2016 4:29:56 AM PST · by Cincinatus' Wife · 1 replies
    The Hill ^ | February 9, 2015 | Diane Katz
    The president has nominated attorney J. Mark McWatters for the bank board. However, Sen. Richard Shelby (R-Ala.), chairman of the Committee on Banking, Housing and Urban Affairs, has said he's "in no hurry" to hold a hearing or a vote on the nomination. Other pending confirmations take precedence, he said.The last of the 2015 lobbying reports are in, and the top corporate spender turns out to have been the Boeing Company, at $21.9 million. Not coincidentally, the aerospace giant also outranks thousands of other firms in profiting from the subsidies doled out by the Export-Import Bank. Last year, Boeing benefitted...
  • Sessions: 'Little surprise' Obama quietly signed the TPP

    02/04/2016 11:40:26 PM PST · by Ray76 · 100 replies
    Washington Examiner ^ | Feb 4, 2016 | Anna Giaritelli
    Sen. Jeff Sessions, R-Ala., charged the Obama administration with quietly signing the Trans-Pacific Partnership trade agreement in New Zealand, and said the White House tried to minimize it because it knows the public isn't pleased with the deal.
  • 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...
  • Letter from Elizabeth Warren

    01/11/2016 9:58:51 AM PST · by pabianice · 10 replies
    Sen. Elizabeth Warren ^ | 1/11/16 | Warren
    ----------Original Message---------- From: "Elizabeth Warren" Date: Jan 11, 2016 Subject: Thank you for contacting me To: Dear Pabianice, Thank you for contacting me about the Stop Sanctuary Policies and Protect Americans Act. On October 20, 2015, the Senate voted to reject consideration of the Sanctuary Policies and Protect Americans Act.Ă‚ I voted against the bill because I share many of the concerns of the law enforcement organizations, faith communities, labor groups, and human rights and domestic violence prevention organizations who oppose it. This bill would do nothing to fix our broken immigration system.Ă‚ Instead, it would demonize immigrants, create new...
  • STATEMENT FROM TED CRUZ –> SENATE PASSES OMNIBUS SPENDING BILL

    12/18/2015 9:20:51 AM PST · by gwgn02 · 31 replies
    TheRightScoop ^ | 12/18/15 | RightScoop
    A strong statement from Sen. Cruz who voted against the bill: What we’ve seen in Congress today is profoundly disappointing. This spending bill does not honor the promises we made to the men and women who elected us. It funds Obamacare. It funds Planned Parenthood. It funds executive amnesty. It fails to protect our national security and stop Syrian refugees from coming to this country. It fails to do anything to stop the Iranian Nuclear Deal. And what does it do? It jacks up yet more low-skilled immigration, which will only drag down wages, kill American jobs, and hurt working...
  • Cruz, Sessions Target "Guest Worker Program" H1-B Visas "American Jobs First Act"

    12/13/2015 9:58:02 AM PST · by conservativejoy · 28 replies
    WND ^ | 12/11/2015 | Leo Hohmann
    Sens. Ted Cruz and Jeff Sessions introduced a bill Friday in the Senate that would rein in the H1B “guest worker” program that has allowed Disney and other major corporations to replace their American tech workers with foreign "guest workers." The American Jobs First Act of 2015 (S. 2394) would reform the H-1B visa program to stop abuse of the legal immigration system and ensure American workers are better served, Sessions said. Sessions, R-Ala., notes, this bill is the "exact opposite in every way of the wage-crushing I-squared bill." I-squared, championed by the billionaire tech lobby, is designed to make...
  • OUR OPINION: Trump? Worry more about his supporters

    12/12/2015 8:40:08 AM PST · by Capt. Tom · 64 replies
    The Pariot Ledger (Quincy Mass.) ^ | Dc. 12, 2015 | editorial
    Posted Dec. 12, 2015 As profoundly disturbing as Donald Trump is, we are far and away more troubled by the legion of those who support him. We've seen their posts to Facebook and their Tweets. We've received their email chains and heard their defense of Donald Trump’s horrifying lies, racist, sexist, and culturally and religiously intolerant claims at social gatherings. Enough. ...snip We understand from a Washington Post/ABC News poll that the majority of Trump's Republican supporters are white, less educated and working class. It’s easy to see a correlation between this poll and a report released last month by...
  • America’s Middle Class: Disappearing Down Obama’s Rabbit Hole

    12/10/2015 7:03:14 AM PST · by NOBO2012 · 12 replies
    Michelle Obama's Mirror ^ | 12-10-2015 | MOTUS
    Here’s an interesting factoid: as the rich get richer and the poor get poorer the middle class is simply going “pouf.” That’s right, the middle class is disappearing down the rabbit hole that is Obama’s Amerika. The nation's middle class, long a pillar of the U.S. economy and foundation of the American dream, has shrunk to the point where it no longer constitutes the majority of the adult population, according to a new major study. LA Times Well how did that happen? Let’s see; First you begin by passing new rules and regulations (e.g. ObamaKare and the Dodd-Frank Wall Street...
  • Marco Rubio Rumors Ramp Up

    12/05/2015 4:15:27 PM PST · by conservativejoy · 86 replies
    Fits News ^ | 12/4/2015 | Fits
    MSM CHASING THE "MISTRESS BOMB "BUT IS THERE MORE THAN ONE? Numerous national media outlets are pursuing multiple allegations of infidelity involving U.S. Senator Marco Rubio of Florida , all in the aftermath of the "mistress bomb" report we published earlier this week. Specifically, three mainstream media outlets have independently supplied us with the names of two additional women said to be romantically linked to the GOP establishment's candidate of choice. These names are in addition to the woman we referenced earlier this week , a lobbyist whose alleged proximity to Rubio was discovered during a deep dive into the...
  • Sen. Cruz: This Highway Bill Is Irresponsible (with Ex-Im Bank)

    12/05/2015 11:57:25 AM PST · by Isara · 5 replies
    Cruz.Senate.gov ^ | December 4, 2015
    Ex-Im Bank board still lacks a quorum to approve multimillion dollar, taxpayer-backed loan guarantees for big business WASHINGTON, D.C. — U.S. Sen. Ted Cruz (R-Texas) yesterday voted against the $281 billion, five-year highway bill that reauthorizes the Export-Import Bank, a quintessential example of cronyism and corporate welfare. Using various budget gimmicks and one-time revenue raisers, this bill guarantees an even larger shortfall in 2020 when the next highway bill comes up. Sen. Cruz issued the following statement upon the bill’s passage in the Senate:“Last night, sadly, the Washington Cartel reversed one of the few fiscal conservative victories achieved with this...
  • U.S. House approves highway bill that revives EXIM bank (conservatives screwed again)

    12/03/2015 1:55:17 PM PST · by fifedom · 46 replies
    Reuters ^ | 12/3/2015 | David Morgan
    The U.S. House on Thursday passed a five-year transportation bill that also revive(s) the charter of the U.S. Export-Import Bank, which had been allowed to expire in the face of conservative opposition. the House of Representatives voted 359 to 65. All 65 "no" votes came from Republicans, including lawmakers opposed to the EXIM bank measure. "It proves to the American people that we can get things done," said House Transportation Committee Chairman Bill Shuster, a Pennsylvania Republican.
  • CFPB: Big Banks and Government v. The Little Guy

    12/02/2015 12:40:26 PM PST · by Kaslin · 3 replies
    Townhall.com ^ | December 2, 2015 | Brian McNicoll
    I have a friend in Texas who believes everything you see on the news is made up. The 9/11 attacks? A media creation. Newtown? Secret footage exposes the fraud.  The recent Paris attacks? A false flag operation to get us all scared.Part of me thinks my friend is a little wacky, but part of me thinks he has a point. It does seem a lot of what the government treats as a crisis is a crisis only for those who stand to profit from it.  Take the 2008 financial "crisis." After the $800 billion TARP bailout, what truly needed to...
  • Paul Ryan: New House Speaker, Same Old GOP Favors for Wall Street

    11/08/2015 8:53:30 AM PST · by Lorianne · 6 replies
    Fiscal Times ^ | 06 November 2015 | David Dayen
    It seems bizarre that financial policy would get decided in a bill to repair roads and bridges and mass transit, but that’s the whole point of the Christmas tree strategy: If a bill is deemed “must pass,” then adding ornaments to it comprises a good strategy for getting things into law that otherwise might not receive a vote. Ryan touted this process as a positive example of new leadership. In recent years, House bills written in secret sped to the floor without the ability for alterations. But on the highway bill, over 80 amendments got a vote on the House...
  • Donald Trump is talking nonsense on trade (No CNN, Donald Trump is 100% right on trade)

    11/05/2015 11:39:11 PM PST · by Cringing Negativism Network · 22 replies
    CNN ^ | November 5, 2015 | By Heather Long
    Donald Trump likes to remind America that he's a master dealmaker. "I'm going to make the greatest trade deals we've ever made in our country," he proclaims in his new radio ads. But experts say Trump is talking a lot of nonsense on trade. It isn't backed up by the data. "[Trump] wants to convey as a presidential candidate that any deal that he was not involved with... is by definition an inferior deal because he didn't play a role," says Bernard Baumohl, chief economist at the Economic Outlook Group. (full article) http://money.cnn.com/2015/11/05/news/economy/donald-trump-trade-nonsense/index.html
  • Trans-Pacific Partnership Trade Deal Framed To Destroy Thousands of UAW Jobs…

    10/05/2015 5:20:01 AM PDT · by sheikdetailfeather · 23 replies
    The Conservative Treehouse ^ | 10-5-2015 | sundance
    The TPP Trade Deal is looming closer to becoming a finalized reality. Current negotiations center around Auto Manufacturing, and Japanese negotiators have constructed an outline that would devastate what remains of the U.S. Auto industry. Unfortunately the K-Street lobbyists, funded by Wall Street through the U.S. Chamber of Commerce, have already greased the legislative skids to all but guarantee the elimination of thousands of jobs. Chamber of Commerce President Tom Donohue gave Senators $18 million in bribe money to insure passage. The TPP deal encompasses approximately 40% of total global manufacturing. Trillions of dollars are at stake.
  • Bernanke: Wall St execs should have gone to jail for crisis

    10/04/2015 2:44:39 PM PDT · by VinL · 26 replies
    Kans.City.com ^ | 10/4/15 | staff
    Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession. Billions of dollars in fines have been levied against major banks and brokerage firms in the wake of the economic meltdown that was in large part triggered by reckless lending and shady securities dealings that blew up a housing bubble. But in an interview with USA Today published Sunday, Bernanke said he thinks that in addition to the corporations, individuals should have been held more accountable....
  • Bernie Sanders packs ’em in during campaign stop

    10/04/2015 7:11:41 AM PDT · by ConservativeStatement · 31 replies
    Boston Herald ^ | October 4, 2015 | Lindsay Kalter
    Bernie Sanders blazed across the Bay State yesterday, drawing record crowds, name-dropping Elizabeth Warren and greeting rapturous crowds on his first campaign tour of Massachusetts. “As your senator, Elizabeth Warren, reminds us: This is a rigged economy. Heads, they win. Tails, you lose,” the self-avowed socialist told more than 20,000 Boston supporters. “We’re going to create an economy that works for the middle class and not just the 1 percent.” The Democratic hopeful first stopped in Springfield, and then made his way to the Boston Convention & Exhibition Center, where he drew deafening cheers with his signature impassioned pledges to...
  • Democratic Economists vs. Elizabeth Warren

    10/03/2015 2:22:21 PM PDT · by Brad from Tennessee · 9 replies
    Wall Street Journal ^ | October 2, 2015 | By James Freeman
    At least some Democrats are resisting Sen. Elizabeth Warren’s purge of the liberal intelligentsia. This week Ms. Warren succeeded in forcing the resignation of respected scholar Robert Litan from the Brookings Institution after he revealed that a new Labor Department regulation could cost investors billions. Now five Democratic economists have authored a letter to protest Warren’s bullying. Robert Lawrence of Harvard’s Kennedy School and Bowman Cutter of the Roosevelt Institute are among those writing “to express our concern over our colleague Bob Litan’s treatment at the hands of the Brookings Institution and Senator Elizabeth Warren.” Also signing the letter are...
  • Leaked Audio: Hillary Clinton Calls at Private Fundraiser for Infrastructure Bank...

    09/30/2015 12:12:30 PM PDT · by Cincinatus' Wife · 34 replies
    Washington Free Beacon ^ | September 30, 2015 | Alana Goodman and Lachlan Markay
    Leaked Audio: Hillary Clinton Calls at Private Fundraiser for Infrastructure Bank to Resemble Clinton Global Initiative Hillary Clinton told donors at a private fundraiser in New York last Thursday that she plans as president to create a “national infrastructure bank” modeled on the Clinton Global Initiative, according to a recording of her remarks obtained by the Washington Free Beacon. This was the first time that Clinton, who has long supported the formation of a government-controlled bank to invest in national infrastructure projects, cited the Clinton Global Initiative—the flagship arm of her family’s controversial foundation—as an investment model for her proposed...
  • Hillary: I'll 'Impose Much Harsher Restrictions' Under Dodd-Frank

    09/28/2015 4:04:21 PM PDT · by governsleastgovernsbest · 21 replies
    NewsBusters ^ | Mark Finkelstein
    Wait a second: wasn't it just this month that Hillary's handlers announced they were going to have her show a warm 'n fuzzy side, with more "heart?" So who was the genius who coached Clinton to announce that as president she would "impose much harsher restrictions" on financial institutions under Dodd-Frank? She'll "impose much harsher restrictions?" Brr! Isn't that the Stone Cold Hillary Clinton whose image was being re-engineered? Clinton made her "much harsher" comment in remarks aired on today's debut episode of MTP Daily in response to Chuck Todd's question as to where she differs from President Obama. View...
  • Donald Trump: Bernie Sanders ‘knows the problem, at least’ on trade

    09/15/2015 8:37:19 PM PDT · by Eurotwit · 38 replies
    By - The Washington Times ^ | Monday, August 10, 2015 | The Washington Times
    Businessman Donald Trump says there’s at least one subject where he can find some common ground with Sen. Bernie Sanders of Vermont: trade. “I was watching him and he talked about trade and he was talking about how we’re getting ripped off left and right on trade, and I [said], you know, I think I can take that paragraph and just use it in my speeches,” Mr. Trump said Monday via phone on MSNBC’s “Morning Joe.” “It’s what I’m saying — it’s one of my big things.” Both Mr. Trump, who has been leading recent polls on the 2016 GOP...
  • U.S. Equity Futures Slip as Fed's Rate Decision Looms

    09/17/2015 5:37:33 AM PDT · by citizen · 62 replies
    Fox News Business ^ | September 17, 2015 | Victoria Craig
    Fed decision day: The event traders across the globe have anticipated for months has finally arrived. As of 8:00 a.m. ET, Dow Jones Industrial Average futures were 43 points lower, or 0.26% to 16621. S&P 500 futures shed 6 points, or 0.31% to 1982, while Nasdaq 100 futures slid 10 points, or 0.24% to 4370. Today’s Markets Months of speculation about whether September was the month in which the Federal Reserve would begin to lift short-term interest rates is finally coming to a close. The Federal Open Market Committee meets for the final day of its two-day policy-setting meeting, which...
  • GE Cuts Texas Jobs, Sees Better Climate — In France

    09/15/2015 3:02:56 PM PDT · by entropy12 · 17 replies
    Investor's Business Daily ^ | Today, 2015-09-15 | CIARAN MCEVOY
    Blaming Congress' impasse on the Export-Import Bank, General Electric (NYSE:GE) said that it will move 500 U.S. jobs, some of which are deep in the heart of Texas, overseas to Europe and China in order to avoid losing business to foreign companies. The Lone Star State is one of the losers in GE's announcement Tuesday, as the U.S.-based jobs will be shipped from Texas, South Carolina, New York and Maine to France, Hungary and China. Lawmakers from Texas also have been vocal critics of the Ex-Im Bank.
  • The Democratic Party Adopts $15/hour Minimum Wage into National Platform

    08/29/2015 10:09:00 PM PDT · by TigerClaws · 53 replies
    The Democratic Party on Friday adopted a call to raise the minimum wage to $15/hr as part of their established party platform heading into the 2016 election season. The move further polarizes the progressive wing of the party by moving them further to the left of both the Republican Party, and corporate centrist Democrats such as Hillary Clinton. In response to the Democratic Party’s vote, Terrence Wise, a Kansas City, Mo. McDonald’s and Burger King Worker and member of the National Organizing Committee of the Fight for $15, issued the following statement.
  • The Central Bankers’ Malodorous War On Savers

    08/28/2015 8:23:19 AM PDT · by PGR88 · 10 replies
    David Stockman's Contra Corner ^ | August 28, 2015 | David Stockman
    To wit, artificial suppression of free market interest rates by the central bank is designed to cause households to borrow more money than they otherwise would in order to spend more than they earn, pure and simple. Its nothing more than a modernized version of the original, crude Keynesian pump-priming theory—–except it dispenses with the inconvenience of getting politicians to approve spending increases and tax cuts in favor of the writ of a small posse of unelected monetary mandarins who run the FOMC and peg money market interest rates at will. But the whole enterprise is a crock. The consumer...
  • OPIC: Corporate Welfare by Any Other Name

    08/20/2015 7:43:26 AM PDT · by Kaslin
    Townhall.com ^ | August 20, 2015 | Eric Peterson
    The winds of change might finally be blowing in Washington. For the first time in 81 years taxpayers are no longer dolling out dollars on risky loans to subsidize big businesses and foreign corporations, thanks to the expiration of the controversial Export-Import Bank. While this represents a victory for the taxpayers over well-funded special interests, there remains an alphabet soup of government bureaucracies that continues to dispense taxpayer goodies to those with political connections and clout. OPIC (Overseas Private Investment Corporation) despite what the name implies, is not private but rather a taxpayer-backed outfit that provides subsidies for American businesses...
  • The Consumer Financial Protection Bureau Isn't Protecting Consumers!

    08/15/2015 4:59:49 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | August 15, 2015 | Ken Blackwell
    When a government agency called the Consumer Financial Protection Bureau (CFPB) is created by Congress, one would expect that a few consumers could actually receive protection, but that hasn’t been the case with this agency’s track record of mismanagement, inefficiency and waste. The CFPB has been operating for four years now and if it were a sports team, its coach, Richard Cordray, would certainly be looking for work. CFPB was created as part of a Washington law known as “Dodd-Frank” – named for sponsors former Sen. Christopher Dodd and former Rep. Barney Frank. When CFPB director Cordray announced the laudable...
  • Obama’s Progressivism Requires A Zionistrein Democratic Party

    08/14/2015 10:00:44 AM PDT · by fredericbastiat1 · 8 replies
    Benweingarten.com ^ | 2015-10-13 | Ben Weingarten
    The progressive movement that has overtaken the Democratic Party gains its moral authority in a morally relativistic world in part based on its support of the “oppressed” over the “oppressor.” As Joshua Muravchik ably argues in his Making David Into Goliath, in this construct, Israel has morphed into the oppressor, swapping roles with the Muslim countries that have wished to destroy her from the time of her founding. The Leftist-Jihadist nexus of which Andy McCarthy writes, on display from elite college campuses to the president’s cabinet, is perhaps stronger than it has ever been. It believes in punishing the ultimate...
  • [New SEC Rule] Companies will be required to reveal CEOs’ versus workers’ pay

    08/06/2015 3:39:04 AM PDT · by markomalley · 12 replies
    Bend Bulletin ^ | 8/6/15 | Peter Eavis
    The chief executive of General Electric raked in a $37.3 million pay package last year, a large sum by any standard. But how much larger was it than the average pay of the 305,000 employees who helped General Electric earn billions in profits that year? The industrial giant did not disclose that comparison, and corporate America rarely reveals how the compensation of the chief executive stacks up against that of the workers in the ranks below. That will soon change. After a long delay and plenty of pushback from corporations, the Securities and Exchange Commission approved in 3-2 vote on...
  • MSNBC Guest: Hillary ‘Will Die A Death Of A Thousand Cuts’ [VIDEO]

    08/02/2015 10:57:31 AM PDT · by Crystal Palace East · 66 replies
    Former SC Democratic party chair Dick Harpootlian told MSNBC’s Steve Kornacki Sunday Vice President Joe Biden’s consideration of a presidential run actually gives Democrats the best chance of retaining the White House in 2016. Harpootlian said Hillary Clinton’s track record will cause her and the Democrats to “die a death of a thousand cuts,” yet Biden is “an inspirational figure” that voters can rally around. HARPOOTLIAN: I think Hillary comes into the race, as she did in ’08 with all kinds of baggage… There’s going to be distractions, we saw just this week with the Wall Street Journal about payments...
  • Hillary's Such a Terrible Candidate, Obama's Talking About a Third Term

    07/28/2015 3:34:16 PM PDT · by Kaslin · 23 replies
    Rush Limbaugh.com ^ | July 28, 2015 | Rush Limbaugh
    RUSH: Craig in Scarsdale, New York. Great to have you on the program. Hello, sir. CALLER: Thank you very much, Rush. I can't believe all these reporters out there who are just dumping on Trump. It's unbelievable. They gotta go back 30 years to find something that can actually stick to this guy. RUSH: No, no. They have to go back 30 years to make up something. CALLER: I'm sorry? RUSH: They had to go back 30 years to make up something. CALLER: To make up something. And not just that. Why don't we go back 30 years and look...
  • House GOP to Senate: We’re not taking up your highway bill

    07/27/2015 12:35:31 PM PDT · by Cincinatus' Wife · 90 replies
    The Hill ^ | July 27, 2015 | Scott Wong
    The House will not vote on a multi-year Senate highway bill that revives the now-expired Export-Import Bank, House Majority Leader Kevin McCarthy (R-Calif.) said Monday. “We’re not taking up the Senate bill,” McCarthy declared to a roomful of reporters in his office. Instead, McCarthy urged the Senate to take up a short-term House-passed bill which extends federal highway funding for five months, without renewing the Ex-Im Bank charter. He called the House bill the “best option” for Congress before money for highways, bridges and mass transit runs out on Friday. McCarthy’s declaration is a blow not only to the Senate,...
  • Senate advances Export-Import Bank lifeline

    07/26/2015 10:15:33 PM PDT · by Rabin · 22 replies
    Washington Examiner ^ | 7/26/15 | SUSAN FERRECHIO
    Senate Majority Leader Mitch McConnell, R-Ky., kept a promise made to Democratics earlier this year that in exchange for their support on an important trade deal, he would allow a vote on a measure to extend the bank.... Obama administration is closer than ever on a breakthrough on the biggest trade deal in world history. http://www.politico.com/story/2015/07/trans-pacific-partnership-trade-pact-challenges-120600.html All the Good ol Boys are convinced we the people, maintain generic, or self-inflicted stupid. We the people keep proving it is so, up to the tipping p0int. Raben
  • De Blasio raves about presidential hopeful, but it’s not Hillary

    07/25/2015 4:23:15 AM PDT · by Zakeet · 19 replies
    NY Post ^ | July 25, 2015 | Rich Calder
    Mayor de Blasio is a big fan of presidential hopeful Bernie Sanders — because the Vermont senator is a proud “Democratic socialist.” [Snip] De Blasio was quick to correct CNN’s Carol Costello after she called Sanders a “socialist,” telling her the senator is a “Democratic socialist.” “I think there’s a lot to like in that title,” he gushed.
  • Red-state Democrats fret about leftward shift

    07/25/2015 4:44:29 AM PDT · by Zakeet · 8 replies
    Politico ^ | July 24, 2015 | Kyle Cheney and Rachana Pradhan
    Governor’s races in South and Midwest could be lost if party brand becomes too liberal. Centrist Democrats were wiped out in the 2014 elections and in their absence emerged a resurgent liberal movement, embodied most recently by the surprisingly competitive presidential campaign of Vermont Sen. Bernie Sanders. But the suddenly ascendant left — its populist overtones becoming part of the mainstream Democratic pitch — is worrying Democrats who want to compete on Republican-leaning turf. The party lost every competitive gubernatorial and Senate race in the South last year. And Democrats didn’t fare much better in the heartland. Now, as Bernie...
  • McConnell and Reid may have just set a 51-vote threshold for passing Obamacare repeal

    07/24/2015 11:17:28 PM PDT · by Cincinatus' Wife · 145 replies
    Washington Examiner ^ | July 24, 2015 | Timothy P. Carney
    Next week, Senate Republicans could pass Obamacare repeal with a simple 51-vote majority as part of the long-term highway bill, according to Sen. Mike Lee. The Utah Republican laid out the argument in a press release after party leaders set the sequencing of votes: "The first Obamacare vote on Sunday will have a 60 vote threshold, and Democrats will likely block it," Lee continued. "But thanks to the sequencing of the votes we just locked in, Republicans will have the opportunity resurrect that Obamacare amendment later on in the process, and put it back before the Senate in a manner...
  • Four federal agencies President Ted Cruz could do without

    07/24/2015 9:07:32 AM PDT · by SoConPubbie · 28 replies
    Washington Post ^ | July 24 at 8:00 AM | Amber Phillips
    Presidential candidate Sen. Ted Cruz (R-Tex.) sure does want to shut down a lot of the federal agencies he hopes to one day run.The firebrand conservative and GOP presidential candidate has defined his young Senate career by almost reflexively opposing increased government spending and programs . . ."I think we should shrink the size and power of the federal government by every and any means possible," he told the Daily Caller in 2012. -- snip -- The State DepartmentMost recently, Cruz threatened in a letter to President Obama to hold up State Department nominees and hold all bills that fund...
  • Cruz accuses McConnell of lying (Why Cruz voted for TPA)

    07/24/2015 10:24:01 AM PDT · by Java4Jay · 129 replies
    Sen. Ted Cruz (R-Texas) in a blistering floor speech Friday accused Senate Majority Leader Mitch McConnell (R-Ky) of lying to him over a deal to vote on reauthorizing the Export-Import Bank.
  • Too Big to Fail is a Failure

    07/24/2015 10:23:44 AM PDT · by Academiadotorg · 5 replies
    Accuracy in Academia ^ | July 24, 2015 | Spencer Irvine
    Five years after President Obama signed it into law to address America’s financial crisis, the Dodd-Frank Act and the federal regulations that followed from it are relatively unknown by at least one-third of normal Americans. At the Heritage Foundation last Wednesday, University of Virginia Law School dean Paul Mahoney pointed out how Dodd-Frank allows a class of creditors to have access to their funds when a bank is going bankrupt. Short-term creditors, who often “run for the exits” when a crisis emerges, can now can “get access to all their funds” under Dodd-Frank. Usually, all creditors would have to wait...
  • 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...