If it’s true that Reid retires in 2016, that seat WILL go to Sandoval and may never go Blue again. 2016 doesn’t look like any kind of slam dunk at this point.
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Privatize profits! Socialize Losses! Fuck Yeah, America! Fuck Yeah!!!
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The GOP seems to take a childish delight in denying DC anything they might be in favor of or vote for, just became their majority allows them to come up with arbitrary rules for them.
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Stick a fork in Obama as he is done.
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Next round of TARP coming in 2023.
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I wonder if we’ll ever find out who added the The Bankster Kickback and the other riders in this bill. Shouldn’t they have to disclose that shit? There ought to be a law stating that all legislation is accompanied by who has introduced each measure of a bill…just so I know who to fucking blame.
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A question for you policy wonks out there.
Is there anything the executive branch can do administratively to mitigate the potential impact of the item on derivatives that was included in the funding bill? Either unilaterally or through the SEC, CFTC, or FDIC, include a small tax on trades to cover any losses to taxpayers from any default on derivatives? Or does that fall under Congress’s power to tax?
I know it wouldn’t help with the pension item, or land swap of Indian lands, but is there any relief available administratively on this one item at least?
I don’t know why Obama would not speak out more forcefully against the last-minute riders included in this. Surely he can’t be that afraid of a government shut down to the point of letting a funding bill gut finance reform? Is there any maneuvering room available to him, because forget about remedying this legislatively.
I don’t have any particular line on Nevada politics, but from a few things I have read, Reid will have a problem getting re-elected…again…in 2016. I suspect if that is true, at his age, he would just as soon avoid that embarrassment and walk out on his own terms.
The numbers still largely favor us in 2016, but by giving up so much this year, its going to be a lot closer than it should be.
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Even if he could, would he dare?
Don’t forget Reid also gave Warren her initial launch into the big time when he appointed her to the TARP oversight committee.
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Of course not. Obama supports this.
In my opinion, strong, proactive oversight can prevent a crisis. But that isn’t guaranteed (as was certainly the case in 2000s).
He has indicated he isn’t interested in maneuvering room, and is quite willing to sign the bill as is…though he disagrees with the add-ons.
I can only guess two possible reasons…
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He is expecting many, more crucial, bills coming his way that he WILL have to veto…and he is saving up for those…
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He is already planning where his retirement funds are going to be coming from, and signing this bill definitely is going to make Wall Street happy. BTW, on that point, there are several reports that Dimon himself was on the phone to various Congress critters today lobbying them hard to pass this.
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Soooooo, let me get this straight:
Dems ALLOWED whatever remaining financial protections Main Street had to be wiped out. Now, banks that are covered by FDIC are going to be allowed to trade in derivatives and when the deals go belly up (because you KNOW they will!) the American tax payer gets to bail them out, some of whom will have been forced to lose some of their pensions and, better still,
THE DEMS AGREED TO MAKE IT HAPPEN.
Tell me again, - what would have been the worse case scenario…
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Don’t be such an Obama-bot. Obama’s destroying the Democratic Party, as demonstrated by his frantic efforts to not-win this fight. Just like his folding his winning hand with the fiscal cliff. All the reasons the White House put forward to pass this monstrosity were just specious. They could have hoisted the Republicans on their own petards and would have had another opportunity to do the same thing in February. But that’s the last thing Obama wants. As well as the House Democratic frauds.
You really want a worse case? Ok…
Because of this bill they also get to donate about 10x as much money then they can today. So not only do we get to bail them out, they get to use our bail out money to lobby for even more.
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T H I S would be appropriate right about now…
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But he’s so post-partisan and high-minded and serious.
Her timing is terrible, however. Right after an election? Nobody remembers in two years. The only way is if she can sustain the fight.
And I will admit, she is pretty tenacious. So, maybe…
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This was no miracle. It was scripted in advance. Pelosi and friends just put on a show to rally people like us. But they never intended to actually win the fight.
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