RE: House panel begins push on financial overhaul

RE: House panel begins push on financial overhaul (Full Version)

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AnimusRex -> RE: House panel begins push on financial overhaul (10/15/2009 7:08:31 PM)
quote: ORIGINAL: tazzygirl ~grins ... strategically discrediting the Republicans in tiny steps. Then again, as someone pointed out... what would i know.. im just a silly female. She says softly, moving in for the kill....Like Kim, you don't suffer fools gladly, do you? As for discrediting the GOP- the next big issues to be dealt with in this Admnistration are, not surprisingly, the biggest wedge issues that tear apart the GOP: Gay rights, and immigration. If these are the dominant issues in 2010 during the election cycle, and as the stimulus money works its way through the system creating more jobs, the Social Conservatives and the Wall Street Conservatives will go to open war with each other, and pave the way for a Dem victory.

tazzygirl -> RE: House panel begins push on financial overhaul (10/15/2009 7:39:01 PM)
The ground work on those next two issues are being laid, are they not, Master? and, btw, i suffer fools gladly... when commanded too, Master [;)]

rulemylife -> RE: House panel begins push on financial overhaul (10/16/2009 6:39:49 AM)
quote: ORIGINAL: Thadius That should come as no surprise. Give banks the kind of capital infusion that they received under the various bailouts, and of course they are going to make money with it. Wasn't that the idea of the bailouts?

rulemylife -> RE: House panel begins push on financial overhaul (10/16/2009 6:51:25 AM)
quote: ORIGINAL: Thadius P.S. With all of the extra movement on so many different fronts these last few days, I wonder if it is not just some grandstanding to show the GOP as a complete opposition party, and thus taking away any and all perceived credibility they have when they oppose the upcoming merged health care bills? Just a thought. I must say well played by the Dems, if that is the goal. Or maybe we can reverse the question. Why is it the GOP is opposing every piece of legislation if they not trying to be a complete opposition party?

Fellow -> RE: House panel begins push on financial overhaul (10/16/2009 12:35:35 PM)
quote: The Wall Street Journal analyzed 23 Top Banks and predicted a record high compensation pool of $140 billion for this year. Jim Axelrod reports. The economist finds this situation odd that the management and employees make huge bonuses and shareholders make nothing ( http://www.economist.com/businessfinance/displaystory.cfm?story_id=14678300 ) "The biggest mystery is not why banks’ employees, underwritten by the state, want to earn more and expand, but why their owners, having been wiped out, accept such a dreadful deal. " Does anybody have an explanation?

Mercnbeth -> RE: House panel begins push on financial overhaul (10/16/2009 3:26:24 PM)
~ Fast Reply ~ Some things are done for image; then there is reality like this... Hedge fund managers - a secretive, lightly regulated group portrayed by some as villains in last year's financial meltdown - appear to have a new degree of clout on Capitol Hill in shaping legislation that will determine how they will be regulated. How did that happen? Like this.... To gain that clout, industry leaders are using a congressman-turned-lobbyist, a major increase in campaign donations, and a strategy that relies heavily on advancing their own reform ideas, making them active players in the legislative process and perhaps staving off more rigorous regulation measures. Since his one-year ban on lobbying Congress expired early this year, Baker wrote, “I have held scores of meetings with my former colleagues.’’ When it comes to getting contributions political party differences blur, if not disappear completely. The 'Baker' referenced in none other than Richard H. Baker, former Republican Congressmen from Louisiana. Carrying a bag of money, Mr Baker reports; in a blog distributed to hedge fund traders about his ability to gain access to members of both major parties. Since his one-year ban on lobbying Congress expired early this year, Baker wrote, "I have held scores of meetings with my former colleagues." Barney Frank, one of the most liberal members of Congress, said Baker, his former colleague on the Financial Services Committee, has been “a very reasonable guy.’’ Someone asked in a recent thred, why anyone would spend Millions to get a job as a Congressman paying $174,000/year. Mr. Baker's provides an ROI example. That's reality. Remember the rhetoric? President Obama chided hedge funds that balked at making concessions to automakers, saying, "I don't stand with them." Federal Reserve chairman Benjamin Bernanke said insurance giant AIG crashed because it acted like a hedge fund, although that was not the company�s business. 'CHANGE!'????

Fellow -> RE: House panel begins push on financial overhaul (10/16/2009 7:44:44 PM)
Barney Frank at work: http://www.nytimes.com/2009/10/16/business/16regulate.html WASHINGTON — Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other loans.

rulemylife -> RE: House panel begins push on financial overhaul (10/16/2009 7:51:03 PM)
quote: ORIGINAL: Mercnbeth That's reality. Remember the rhetoric? President Obama chided hedge funds that balked at making concessions to automakers, saying, "I don't stand with them." Federal Reserve chairman Benjamin Bernanke said insurance giant AIG crashed because it acted like a hedge fund, although that was not the company�s business. 'CHANGE!'???? 'Wake-up call for Wall Street' Billionaire among 6 nabbed in inside trading case Wall Street wake-up call: Hedge fund boss, 5 others charged in $25M-plus insider trading case

Fellow -> RE: House panel begins push on financial overhaul (10/17/2009 8:29:04 PM)
quote: Billionaire among 6 nabbed in inside trading case Wall Street wake-up call: Hedge fund boss, 5 others charged in $25M-plus insider trading case It is just a tip of the iceberg. The US government has very small workforce to investigate Wall Street (it could well be intentionally small), [ Source ( Bill Moyers interview: http://www.pbs.org/moyers/journal/10092009/watch.html )]

Sanity -> RE: House panel begins push on financial overhaul (10/17/2009 8:45:57 PM)
Sounds like they must have forgotten their campaign contributions. quote: ORIGINAL: rulemylife 'Wake-up call for Wall Street' Billionaire among 6 nabbed in inside trading case Wall Street wake-up call: Hedge fund boss, 5 others charged in $25M-plus insider trading case

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