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Keyword: doddfrank

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  • 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. Were 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 Warrens 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 Warrens bullying. Robert Lawrence of Harvards Kennedy School and Bowman Cutter of the Roosevelt Institute are among those writing to express our concern over our colleague Bob Litans 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 Initiativethe flagship arm of her familys controversial foundationas 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 theres 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 were 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 MSNBCs Morning Joe. Its what Im saying its 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. Todays 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 Partys vote, Terrence Wise, a Kansas City, Mo. McDonalds 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 theoryexcept 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...
  • Obamas 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 presidents 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 · 65 replies
    Former SC Democratic party chair Dick Harpootlian told MSNBCs Steve Kornacki Sunday Vice President Joe Bidens consideration of a presidential run actually gives Democrats the best chance of retaining the White House in 2016. Harpootlian said Hillary Clintons 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 Theres 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: Were 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. Were 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. McCarthys 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 its 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 CNNs Carol Costello after she called Sanders a socialist, telling her the senator is a Democratic socialist. I think theres 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
    Governors 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 didnt 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 Americas 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...
  • Dodd-Franks Nasty Double Whammy... hurting the recovery, the rule of law

    07/24/2015 4:45:57 AM PDT · by expat_panama · 19 replies
    Wall Street Journal ^ | July 23, 2015 | Phil Gramm
    Five years after the passage of the Dodd-Frank financial law, the causes and effects of the failed economic recovery are apparent throughout the banking system. The Federal Reserves monetary easing has inflated bank reserves, but lending has barely increased. Today banks maintain an extraordinary $29 of reserves for every dollar they are required to hold. In the first quarter of 2015 banks actually deposited more money in the Fed ($65.1 billion) than they lent ($52.5 billion). According to the Federal Deposit Insurance Corp., 1,341 commercial banks have disappeared since 2010. Remarkably, only two new banks have been chartered. By comparison,...
  • Senate GOP adds Dodd-Frank rewrite to $21B funding bill

    07/22/2015 10:27:27 AM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Jul 22, 2015 12:24 PM EDT | Andrew Taylor
    Senate Republicans are trying to use a must-do spending bill to advance legislation significantly rewriting landmark 2010 legislation that tightened regulation of the financial services industry. The measure would ease requirements on smaller banks and give lenders greater freedom from mortgage lending rules. The legislation is opposed by Democrats who argue that the 2010 Dodd-Frank law strengthened protections for consumers and reduced the odds for a repeat of the 2008 financial crisis.
  • Clinton proposes tax breaks for corporate profit-sharing

    07/16/2015 11:02:34 AM PDT · by Olog-hai · 56 replies
    Associated Press ^ | Jul 16, 2015 2:00 PM EDT | Jill Colvin
    Democratic presidential candidate Hillary Rodham Clinton is proposing new incentives to encourage corporations to share profits with workers. Her plan is to give businesses that offer employees a share of profits a two-year tax credit equal to at least 15 percent of their profit-sharing payments. The plan would exclude high-income workers and firms where only a small percentage of employees benefit.
  • Subprime Revisionism In Clintons War On Wall St.

    07/16/2015 5:10:14 AM PDT · by expat_panama · 16 replies
    Investors Busniness Daily ^ | 7/15/2015 | IBD Editorial
    2016: If only Wall Street bankers had listened to St. Hillary during the subprime mortgage frenzy. She now claims she warned about the risky loans. Yep, a Clinton actually went there. Her campaign may regret it. While bashing Wall Street for risky acts and "criminal behavior," Clinton in her first economic stump speech portrayed herself as the voice of financial sanity in a casino of wild greed. "As we all know, in the years before the crash, financial firms piled risk upon risk," she intoned, "and regulators in Washington either wouldn't or couldn't keep up. "I was alarmed by this...
  • Heckler Thrown from Hillary Clinton Economic Speech After Wall Street Question

    07/13/2015 11:54:27 AM PDT · by lbryce · 31 replies
    Washington Beacon ^ | July13, 2015 | orgaChalfant
    A heckler was ejected from Hillary Clintons economic speech in New York City Monday after asking the former secretary of state about her position on investment banking regulations. Business Insider reported that Daniel Burke, a self-identified organizer for the LaRouche PAC which supports political activist Lyndon LaRouche, yelled at Clinton at the conclusion of her speech, Senator Clinton, will you restore Glass-Steagall? Clinton did not respond to the inquiry, and Burke was removed from the event location, the New School in Manhattan, by security. Passed in 1933 and then repealed 66 years later, the Glass-Steagall Act separates commercial banks from...
  • Elizabeth Warren Bought Foreclosed Homes to Make a Quick Profit

    05/27/2015 4:04:52 AM PDT · by markomalley · 46 replies
    National Review ^ | 5/27/15 | Jillian Kay Melchior & Eliana Johnson
    Nearly two years after Veo Vessels died, her daughter, 70-year-old Mary Frances Hickman, decided to sell the home her mother had left to her. A sprawling brick house in Oklahoma Citys historic Highland Park neighborhood, it was built in 1924, just a year after Marys birth. Decades later, one of Vessels great-grandchildren fondly recalls the wood and tile floors, the fish pond, the butlers quarters, and the multi-car garage where children played house. It was really, really nice, says Hickmans granddaughter, Andrea Martin. Thats part of the reason shes so surprised her grandmother sold the home in 1993 for a...
  • [May 26, 2015] Obama-Netanyahu feud a problem for Hillary and Dems

    07/03/2015 8:39:50 AM PDT · by SunkenCiv · 4 replies
    New York Post ^ | May 26, 2015 | Fredric U. Dicker
    A top GOP strategist and pollster for newly re-elected Israeli Prime Minister Benjamin Netanyahu is warning that New York Democrats, including Hillary Clinton, "will pay a heavy price" at the polls next year if they don't break with President Obama's policies on Israel and reject any deal he makes with Iran. "Hillary Clinton, [Sen.] Chuck Schumer, [Reps.] Nita Lowey, Steve Israel, Jerry Nadler, Eliot Engel and others are about to get a whole new wave of pressure from Republicans on whether they agree or not with Obama on Israel," New York-based national GOP pollster and strategist John McLaughlin told The Post....
  • Dodd: Administration pushed for language protecting bonuses (Dodd Throws Obama under The Bus)

    03/18/2009 5:56:04 PM PDT · by icwhatudo · 159 replies · 8,510+ views
    CNN ^ | 3-18-09 | Ed Hornick Kristi Keck
    Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language. Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language. ---snip-- "I agreed reluctantly," Dodd said. "I was changing the amendment because others were insistent."
  • Im Elizabeth Warren and I Am Here to Help

    06/28/2015 9:31:48 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | June 28, 2015 | Bruce Bialosky
    On August 12, 1986, President Ronald Reagan said The nine most terrifying words in the English language are: Im from the government, and Im here to help. Reagan clearly had fabulous foresight as he must have known that Dodd-Frank would be passed and Elizabeth Warren would start the Consumer Financial Protection Bureau (CFPB). I recently found out how bad things are with a recent refinance of my house. My bank recently screwed up and bounced a mortgage check. While pleading for forgiveness they asked me why I had a loan with Wells Fargo and not them. I told them when...
  • You wont believe how the co-author of one of America's biggest banking regulations cashed in

    06/25/2015 6:29:55 AM PDT · by fredericbastiat1 · 6 replies
    TheBlaze Books ^ | 2015-06-25 | Benjamin Weingarten
    Recently, the financial services company Signature Bank announced the appointment of a prominent new board member. Perhaps to the surprise of some, the individual receiving the board seat was none other than the co-author and namesake of one of the nations largest and arguably most significant pieces of banking regulation since the Great Depression, former Massachusetts Democratic Rep. Barney Frank. How much can Frank expect to earn for his services? Fortune writes that Signatures non-employee board members earned approximately $375,000 in cash and stock for their services last year. Rep. Frank was reportedly also granted restricted shares vesting in March...
  • GE CEO threatens to outsource jobs if Congress shuts down Ex-Im Bank

    06/23/2015 7:10:34 AM PDT · by SeekAndFind · 19 replies
    Hotair ^ | 06/23/2015 | Jazz Shaw
    While conservatives have been nearly unanimous in calling for the end of the Washington slush fund known as the Export-Import Bank, Congress will clearly remain under a lot of pressure from powerful business interests. The authorization for the bank is due to expire at the end of this month, so no real action is required to make it go away beyond simply doing nothing. Given how that’s what Congress is usually best at, this sounds pretty easy, but one major employer has begun leveling threats as to what will happen if they don’t get to keep the scheme in place....
  • The Left Is Eating Itself

    06/21/2015 9:38:04 PM PDT · by 2ndDivisionVet · 19 replies
    Frontpage Magazine ^ | June 22, 2015 | Daniel Greenfield
    In the hot days of summer, the progressive revolution that took over cities and even the national government is frenziedly devouring itself. The media is pounding away at Hillary Clinton, not because it cares about her foundations dirty deals or the contents of her email server, but because it doesnt trust her ideological commitment. If the media were sure of that, both stories would have been treated like Benghazi; mocked, ridiculed, falsely fact checked and then buried in a haunted Indian graveyard under the New York Times building at midnight. Instead the media pined for Elizabeth Warren. When the Native...
  • Executive Branch could lose much of its unconstitutional power

    06/21/2015 10:18:45 AM PDT · by Oldpuppymax · 31 replies
    Coach is Right ^ | 6/21/15 | Doug Book
    An injunction issued against the Securities and Exchange Commission (SEC) by federal judge Leigh Martin May could spell the beginning of the end for Administrative Law Courts and with them, 80 years of unconstitutional abuse of power by the Executive branch. Administrative Law allows for the creation of public regulatory agencies and contains all of the statutes, judicial decisions, and regulations that govern them. These regulatory bodies include the EPA and the SEC. Many came into being during the reign of Franklin Roosevelt, the one president more arrogant and power hungry than Barack Obama. The law itself is created by...
  • Team Obamatrade Planning Tricky Effort to Sneak Export-Import Bank Reauthorization into Deal

    06/18/2015 5:55:45 AM PDT · by cotton1706 · 12 replies
    breitbart.com ^ | 6/18/15 | Matthew Boyle
    In the final hours before the House votes on a new leadership-concocted scheme to sneak Obamatrade past the American public, its been revealed that pro-Obamatrade forces are now aiming to sneak a renewal of the highly controversial Export Import Bank into the deal to secure Senate passage later if the House passes it on Thursday. I and all the other members there are looking for a guarantee for a deal to be good its got to have enforcement, TAA, I think its got to have Ex-Im reauthorization, Sen. Tim Kaine, a Democrat whos angling for this in the deal,...
  • Hillary says she'd vote against 'Fast Track' without guarantee on worker aid

    06/19/2015 4:03:04 PM PDT · by PJ-Comix · 58 replies
    Washington Examiner ^ | June 19, 2015 | Ariel Cohen
    Hillary Clinton said she would vote against the "Fast Track" trade bill passed by the House on Thursday if she were still in the Senate, unless she was "absolutely confident" trade adjustment assistance would be provided. Clinton's comment that she would not approve "Fast Track," which is a tool for negotiating the Trans-Pacific Partnership (TPP) trade deal, came during an interview with Jon Ralston on Thursday night, following her appearance at the NALEO conference in Las Vegas, Nev. "At this point, probably not because it's a process vote and I don't want to say it's the same as TPP," Clinton...
  • Who is the most conservative Republican candidate for president? [CRUZ!]

    06/17/2015 9:45:26 AM PDT · by SoConPubbie · 93 replies
    Washington Post ^ | June 16 at 2:00 PM | Pablo Barber
    The Republican field is crowded, which implies that primary voters have little information about where some of the candidates stand. That is particularly the case this season, with a few relatively unknown contenders who lack legislative experience or a long history of campaign contributions that would allow researchers to precisely identify where they stand on the liberal-to-conservative political dimension.However, one characteristic all candidates share is that they have active and popular Twitter accounts. And as I showed in an article published earlier this year in the journal Political Analysis now freely available online as an Editors Choice article ...
  • Millionaire Hillary launches campaign do-over with rally (Getty, AP, CORBIS, Reuters Photos)

    06/13/2015 11:59:48 AM PDT · by dennisw · 110 replies
    Getty, AP, CORBIS, Reuters Photos dailymail ^ | 13 June 2015 | David Martosko
    Millionaire Hillary rally on New York City island as she promises to look out for ordinary Americans' pocketbooks but the 'overflow' crowd zone is left EMPTY New York City rally brings people from several states to watch Clinton reboot her campaign after two months in low gear Speech emphasizes economic issues and puts Hillary on the hot seat as she suffers wealthy, elitist image Clinton is setting herself up as Obama's heir apparent 'She's earned it,' one attendee said Saturday; 'All those campaigns, all that travel at the State Department. All that putting up with Bill' Smaller than expected...
  • Ted Cruz is right on the trade deal

    06/13/2015 12:40:40 PM PDT · by 2ndDivisionVet · 193 replies
    The Examiner ^ | June 13, 2015 | J. Maropoulakis Denney
    TPA, or similar a law, has existed for decades. The recent vote in the U.S. Senate was a renewal of the TPA, and Senator Ted Cruz, perhaps the foremost constitutional conservative in the Senate, supported it because it created a process in which the president could be held accountable. TPP was never voted on in the Senate or the House, and its language has not even been finalized. My objection, at this point, to the Trans Pacific Partnership (TPP) is that it is secret, and only members of congress are permitted to read it. Ted Cruz has read it, and...
  • Ted Cruz Channels John F. Kennedy

    06/10/2015 11:48:26 AM PDT · by SoConPubbie · 77 replies
    Reason.com ^ | June 8, 2015 | Ira Stoll
    Campaigning in Andover, Mass., recently, Senator Ted Cruz of Texas invoked John F. Kennedy.One of the most powerful, eloquent defenders of tax cuts was John F. Kennedy, Cruz said, breaking into an impersonation of JFK, complete with a Boston accent. As JFK said, Some men see things as they ahh and ask why. I see things that never wahh and ask, why not?JFK would be a Republican today, Cruz said. There is no room for John F. Kennedys in the modern Democratic Party.Cruz returned to the JFK theme later in the same speech. This time his subject wasnt taxes, but...
  • Obama: Trade Bill Will Advance One of My Highest Priorities Climate Change

    06/10/2015 5:35:52 AM PDT · by Rockitz · 79 replies
    Breitbart.com ^ | 9 Jun 2015 | Dr. Susan Berry
    In an interview with American Public Medias Marketplace, President Obama says fast-tracking the Trans-Pacific Partnership (TPP) trade bill would help him advance his climate change agenda, which he said is one of my highest priorities. During the interview with host Kai Ryssdal of Marketplace, Obama said, If we want to solve something like climate change, which is one of my highest priorities, then Ive got to be able to get into places like Malaysia, and say to them, this is in your interest. What leverage do I have to get them to stop deforestation? he asked. Well part of the...
  • Hillary's high risk faux Primary race

    06/07/2015 2:45:43 PM PDT · by Din Maker · 12 replies
    Red State ^ | June 4, 2015
    So Linc Chafee is in the race. This brings the number of contenders up to four. You have an embittered, kleptocratic and entitled Social Security recipient; you have a sex-obsessed, corrupt septuagenarian Socialist; you have a big city machine Progressive; and you have the Wonder-Bread-and-Velveeta pragmatist. Of this crew, the only one that is a real contender is Martin OMalley. But the real reason this bunch of northeastern Progressive white guys are in the race is to give the illusion that Hillary is not cruising to a coronation. There is undoubtedly some hope, too, that inevitable debates with one or...
  • Trade supporters bullish as House vote nears

    06/07/2015 7:41:04 AM PDT · by Mariner · 23 replies
    The Hill ^ | 06/07/15 06:00 AM EDT | By Mike Lillis and Scott Wong
    House GOP leaders are expressing a bold new confidence heading into the final stretch of the divisive fight over granting President Obama broad trade powers. The vote, expected as soon as this week, is likely to be a nail-biter scores of lawmakers in both parties remain publicly undecided, making the count on both sides difficult to pin down. But both the White House and GOP leaders say their whipping efforts are paying dividends, with new supporters signing on by the day. The White House won a victory last week when Reps. Jim Himes (D-Conn.), Don Beyer (Va.) and Derek...