Financial Regulatory Reform: Did Jamie Dimon stop the re-enactment of Glass-Steagall?
Update: Oh this is rich, Andy Stern and SEIU are having an ‘end too big to fail’ rally outside Golden Slacks, it sounds like they are actually supporting the Dodd position which the WH is NOT supporting but we know Andy Stern is there (WH) more than anyone else…so are they ‘accidentally’ using the same words as Jamie? Are they helping to keep Golden Slacks’ negative profile so high they don’t bid on taking any of the assets in the FDIC bank seizure sales? (Jamie is against the Dodd too big to fail legislation because he reportedly wants to buy some of those assets and Golden is a competitor…is the WH not really against the Dodd legislation and lying to Jamie? Is Stern just greedy or is this planned? man oh man…)
…a couple hundred of them — led by Service Unions International Union president Andy Stern — plan to gather outside of Goldman Sachs’ Washington offices Monday morning to protest the firm’s mega-bonuses, and demand the end of the “too big to fail” doctrine, according to a press release.
The event will be held outside 101 Constitution Ave. N.W., an office building that’s home to many of the most powerful lobbyists and corporations in town, including Goldman. It’s also where you can find POLITICO’s Capitol Hill bureau (in the basement).
Among their demands, the protesters will say that Goldman bankers should donate their reported $23 billion in bonuses to foreclosure prevention programs….
wow. We supported Jamie Dimon for Treasury Secretary. Face it Geithner already gave billions to the banks via AIG and CITI, may as well have a TOUGH fox guarding the hen house, and Jamie is the toughest. Paul Volcker who gets wheeled out for the occasional photo-op is clearly being ignored, treated like the ‘crazy Uncle’, as Charlie Gasparino puts it. Obama is listening to only one banker it seems, Jamie who has vested interests in keeping things as they are.
Airtime-Fri. Nov. 13 2009 – 12:50 PM ET – CNBC’s Charlie Gasparino has the details on whether Jamie Dimon is too powerful.
Jamie Dimon- ‘No Bank Should be Considered Too Big to Fail’
…Dimon, in a Washington Post opinion piece, said the government shouldn’t provide artificial life support to banks that don’t perform. “The term ‘too big to fail’ must be excised from our vocabulary,’” Dimon wrote in Friday’s Post.Yet he said it shouldn’t be the size of the institution that drives the new regulatory policies being considered in Congress but rather their ability to manage risk and provide the best services for customers.
Rudy reacts to the 9/11 trial of conspirators in the Criminal Court in NY
I heard Gov Pataki come out in the strongest terms against this as well, I am looking for the clip…
William Jefferson (former Rep. D-LA) gets 13 years for bribery
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Breaking on Fox
Prosecutors wanted the 62-year-old William Jefferson, a Democrat who represented parts of New Orleans, to serve at least 27 years in prison while the defense wanted less than 10 years.
Jefferson said nothing in court after he was sentenced. He was convicted in August of 11 counts, including bribery and racketeering. Prosecutors at his two-month trial said he took roughly $500,000 in bribes and sought millions more. He was acquitted of five other charges, including the one most closely associated with the money in his freezer.
The investigation started in March 2005. In August of that year, FBI agents searched Jefferson’s Washington home and found the cash. Prosecutors said he had planned to use the money to pay a bribe to the then-vice president of Nigeria to secure a multimillion-dollar telecommunications deal there, an accusation Jefferson denied….
This seat is held by Rep J Cao now, (who may be a RINO but who seems to be an honest man who loves America and is serving the wishes of his 76% Dem constituents, and all without stealing from people!)
Update: Another blowout month for the Obama Budget- deficit bigger than forecast; Obama is no Big Dawg – deficit spending
Update: Ed at HotAir has the latest example of Obama’s utter failure as a fiscal moderate:
(…)The federal government kicked off fiscal year 2010 by posting its widest-ever October budget deficit, the Treasury Department said Thursday.
The $176.36 billion gap is more than $20 billion wider than the shortfall recorded in October 2008, driven up by lower tax receipts, stimulus-related revenue reductions and consistently high government outlays.
Treasury’s monthly budget statement shows receipts were $135.33 billion in October, down 18% from a year earlier and at the lowest level since October 2002. Meanwhile, outlays were $311.69 billion, down 3% from a year earlier and at their second-highest monthly level on record.
When revenues drop 18% and outlays only drop 3%, it’s not hard to hit record deficits. It’s roughly four times as large as September’s deficit, which closed out FY2009 with an annual deficit just under $1.4 trillion. September’s deficit of $46 billion will serve as a nostalgia point in the coming months of the FY2010 budget….
Obama to try 9/11 terrorists as civilians in American courts- go to theBravest.com to object
Update: A moment of levity in a sea of despair courtesy of RedState:
What do Khalid Sheikh Mohammed, mastermind of the September 11th terrorist attacks, and uninsured 20 year olds have in common?
In Barack Obama’s America, they both go to jail — but the terrorist has to be convicted first.
HotAir is covering the story
Go to TheBravest.com to object to this travesty
Recently, Congress voted down a bi-partisan bill that would have ensured that the terrorists who brought death and destruction to our homeland on September 11, 2001 would be tried as war criminals in military courts, not as common criminals tried in civilian courts with full Constitutional protections on American soil. The Obama administration has not been truthful with the public about the risks associated with bringing these cases in federal court, where critical evidence will be excluded, classified intelligence will be made available to our enemies, foreign counterterrorism partners will be exposed and the “mastermind of 9/11″ will be allowed to mock his victims just blocks from where they died.
theBravest.com has partnered with 9/11 Families for a Safe & Strong and America and Keep America Safe to bring attention to this travesty. We are recruiting the families & friends of the FDNY to combat this ill-conceived policy of the current administration.
This week letters were sent to President Barack Obama, Attorney General Eric Holder and Secretary of Defense Robert Gates questioning the wisdom of bringing these terrorists onto US soil to try them in civilian courts for their grievous crimes against this great country, including the murder of 343 New York City firefighters.
93 of them were my friends.
They were all my brothers.
I cannot stand by and let this happen without a fight.
Please read the letter and CLICK HERE if you would like to add your signature.
Thank-you,
Tim Brown
FDNY-Retired, 9/11 Survivor
Elizabeth Mitchell on her return to ‘Lost’ and ABC’s ‘V’
Courtesy of magically:
Elizabeth Mitchell talks about her return to LOST & ABC’s ‘V’
ginaswo
