Posts tagged “Wall Street reform bill”
The Cost Of Conscientious Objections
It’s not only elections that have consequences. Shortsighted self-centered stupidity has consequences too: Democratic Sen. Russ Feingold not only refused to support the financial-reform bill that President Obama signed into law yesterday; he also refused to support an up-or-down vote on the legislation, joining the Republican filibuster. At the time, I had some harsh words [...]
The Wall Street Reform Bill’s Prospects
It looks like the recently-watered-down version of the Wall Street reform bill now stands a good chance of passing in the Senate, when it reconvenes next week after the July 4th recess. The bill was watered down last week at the behest of Republicans Scott Brown, Susan Collins and Olympia Snowe, who simply couldn’t abide [...]
Calling Maria Cantwell
On Friday June 25, we learned that the conference committee had finished hammering out the consensus version of the Wall Street reform bill: Nearly two years after the American financial system teetered on the verge of collapse, Congressional negotiators reached agreement early Friday morning to reconcile competing versions of the biggest overhaul of financial regulations [...]
What the Fork?
Remember all the fulmination we have heard from this White House on the subject of executive compensation? Especially when there were major flaps last year over AIG and assorted TARP-resuscitated banks being hell-bent on paying outrageously large bonuses? It may surprise you no end to learn that apparently the White House was speaking with forked [...]
Reuters Predicts Easy Passage for Wall Street Reform Bill
To hear Reuters tell it, it’s a foregone conclusion that the Wall Street reform bill will be passed into law. The only question at this point, according to them, is whether amendments to the Senate bill will require 50 votes or 60 votes to pass: Democratic leaders had not yet determined as of late Monday [...]
Spinefullness
What is the world coming to? Now political blackmail doesn’t work the way it used to just a few months ago, when the healthcare reform bill turned into a multi-ring circus. And it doesn’t work even on Democrats, who practically had it written into their party constitution: “Thou shalt capitulate to any and all blackmail [...]
Republican Bailout Rhetoric
Mike Pence is a member of the Republican Congressional leadership, specifically, chairman of the House Republican Conference. That seems to mean he lies for a living. This is how he characterized the Wall Street reform bill yesterday morning: The American people are tired of runaway federal spending, borrowing and bailouts. The legislation being considered by [...]
Curing Bipartisanality
Just early last week, the Wall Street reform bill was innocently going about its business, perfectly secure in its bipartisanality. It wasn’t just bipartisan-curious, it was actually practicing a bipartisan lifestyle. It didn’t just include Republican ideas, Republican senators had actively participated in drafting the bill. And then along came Mitch McConnell last Tuesday — [...]
Usual Republican Lie From McConnell Elicits Unusual Reactions
In today’s Republican Party, it’s the rule more than the exception for a party leader (or what passes for one in today’s Republican Party) to make totally false public statements. This is true not just when appearing on TV, or speaking to reporters, but also when making speeches on the floor of the House or [...]