"From the end spring new beginnings."
–Pliny the Elder
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Ed Perlmutter, has demonstrated, once again, that he is Wall Street's BFF while throwing the 99% under the bus. Yesterday, in the House Financial Services Committee meeting, he voted for all but one but one of the Republican bills proposed to gut the derivatives regulations contained in the infamously weak Dodd-Frank Wall Street Reform Act.
H.R. 701, to amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action
H.R. 801, the “Holding Company Registration Threshold Equalization Act of 2013″
H.R. 742, the “Swap Data Repository and Clearinghouse Indemnification Correction Act of 2013″
H.R. 1341, the “Financial Competitive Act of 2013″
H.R. 634, the “Business Risk Mitigation and Price Stabilization Act of 2013″
H.R. 677, the “Inter-Affiliate Swap Clarification Act”
H.R. 992, the “Swaps Regulatory Improvement Act”
H.R. 1256, the “Swap Jurisdiction Certainty Act”
H.R. 1062, the “SEC Regulatory Accountability Act” (The only bill that Perlmutter opposed.)
Even the normally Wall Street friendly White House opposed the legislation. Jack Lew, Treasury Secretary and Citigroup alum, sent a letter to the committee urging them to defeat these bills.
Did I read my ballot incorrectly and vote for a Republican in the last election?
Primary Source: Financial Services Committee website.
Secondary Sources: House Moves To Gut Derivatives Regulations Again – Firedoglake Treasury Warns House Democrats On Derivatives – Huffington Post
Have always loved Ed but have to admit this looks pretty bad. Why, Ed, why?
Because Wall St. donates a lot more to him than you and I do. We'll probably have Bennet sponsoring this legislation in the Senate.
What is to stop elected officials from becoming Hitler?
Well first they have to get court approval for the name change. That can be difficult.
Zing!
Or the flying Delorean.
And the dumb-ass moustache thing. That's a bitch!
Good one, David.
Today's political trivia question:
Davebarnes is correct, but the interesting thing that isn't often remembered is that it was a pretty trivial thing to set off the largest war modern Europe had seen in nearly 300 years. (Well, maybe 100 years.) It took about five weeks for it to erupt into war – there were efforts to solve the crisis, but the will to go to war was stronger than the desire to avoid it. It was actually the last in a string of other crises that had been occuring for a decade, any of which could have also started a general war, but were settled. These crises were all a result of the unification of Germany, how it had shifted the balance of power, and how none of Bismarck's successors (never mind the Kaiser) had either his clear vision or his skill at diplomacy.
I'm oversimplifying, but historians generally agree that it's hard to see how war could have been avoided given those conditions. Arrogance and hubris were high within the German military, and everyone was concerned with empire building.
Forgot to add… if it wasn't Franz Ferdinand's assassination, something else would have finally kicked off WWI.
While spark is a suitable term, I'd also say it was more of an excuse spark than a causal spark.
All good points. I think there were a couple of other biggies (and probably more):
To a large degree Austria pulled Germany in. While Austria was the weaker partner, Germany had to have Austria as a partner and so Austria could force Germany's hand.
And it took time to move troops. So when one side "prepared" for war by mobilizing and moving troops toward the borders, the other side had to match in preperation. So a lot of it was on auto-pilot.
Everyone thought it would be over fast. That war had become so overpowering that their side would steamroll the other and 3 weeks later it would be complete. This is amazing as they all had observers at our Civil War and the big lesson of that first industrial war was that wars now took longer and were vastly more destructive in slow stalemates.
Isn't that always the case?
And who can forget the brief fling we had in 2003 where Iraq brought us cheap access to oil that turned the first profit in warfare?
Pristap (sp?) assassinated Archduke Fredinand in Sarajevo.
http://en.wikipedia.org/wiki/Gavrilo_Princip
We have a winner. You win 3 additional Facebook accounts!
Wow! I just need some temporary phones numbers for the verification process.
Sometimes I am afraid the terrorist won the real war, the war for freedom.
On Wednesday night, Burnett interviewed Tim Clemente, a former FBI counterterrorism agent, about whether the FBI would be able to discover the contents of past telephone conversations between the two. He quite clearly insisted that they could:
"All of that stuff" – meaning every telephone conversation Americans have with one another on US soil, with or without a search warrant – "is being captured as we speak".
On Thursday night, Clemente again appeared on CNN, this time with host Carol Costello, and she asked him about those remarks. He reiterated what he said the night before but added expressly that "all digital communications in the past" are recorded and stored:
http://lewrockwell.com/spl5/govt-taps-all-phone-calls.html
I think we've been heading this way for a while now, and you're right. The terrorists have won this battle; the fear that some people – politicians especially – have used to drive the citizens toward this point is part of the goal of terrorism. The over-reaction leading to a police state eventually undermines the government in the eyes of the people, and we have not been vigilant at defending against that.
Today we have police who abuse their authority and get away with it regularly because we have such deference to the police. We have Federal agencies analyzing most if not all digital traffic, and although they say they do not peek at anything other than routing data without a warrant, we have little assurance that that is true. The PATRIOT Act has opened the door to searches so secret that even once such a search is discovered by a party, they cannot get the government to admit that it happened or sue if it happened to violate some right.
This is the real danger from terrorist attacks – not that we cannot withstand one, or the actual body count (though that is never good) – but that we will give away our privacy and our Constitutional rights and then realize that we're not the good guys anymore.
Just be glad this isn't your kid's school. Below is a 4th grade science test from an accredited private (religious) school in South Carolina. This is real STEM education!
Read article here.
This quiz should cause them to lose accreditation. No second chances, no corrective action; the school should be forced to pay for remedial education for all of the students that were taught this, at another facility that can prove it doesn't have similar problems. The parents should be told the school will lose accreditation and that their children could remain there but would not be able to gain a state certified diploma from the school if they did.
Rehab and recertification is dependent on a complete replacement of school administration and staff, and independent monitoring appointed by the state, paid for by a penalty to the school and lasting no less than three years.
Makes me ill.
Apparenty none of these kids' parents' plan for them to go on to degrees in any science related fields in the future. How on earth would one be prerpared for entry into, say, medical school? Guess they're happy to be totally dependent on the godless for medical care and any technological advances, especially those concerned with biology or chemistry, that we might need to get humanity's ass out of a sling in the future. Don't care about finding treatments and cures for any diseases or congenital or chronic conditions. Alternately, they don't care about the future period because end times are around the corner anyway. I too hope this school's course work doesn't count for anything in terms of being accredited in any way.
It would be nice if we could prevent people who think the future doesn't matter because the end of the world is near from voting on issues that affect our future. It's really scary to think of all these people oposing any anti-pollution, climate change mitigation or biodiversity preservation measures because they cost money now and and they don't believe there's a future here on earth for much longer anyway.
On a hopeful note, has anyone checked to make sure this is legit? Probably is, though.
medical school…bible college …same, right?
How is this that different from all those "lawyers" who attended Pat Robertson's Regent University School of Law and then packed the DOJ?
um…in no way.
How about Bob Jones grads running the Iraq War?
Gotta love it.
'scuse me …not the war…the restoration.
But they were all well qualified. They were asked if they supported abortion and they all said "no". What else do you need to take charge of an occupied, I mean liberated, country?
Storage containers full of cash?
And lots of completely amoral, corrupt, corporate mercenaries. Preferably with high tech devices where their hearts should be.
Can they at least not call it a science test? Instead call it a faith test?
I knew this would make you cry, David.
Wait . Just checked link. If I'm reading it right, snopes has doubts
Never mind. Just read it all the way through and it certainly seems to be confirmed legit.
Yeah, they use a combined red & green indicator when there are doubts.
Dumb kid. That is too what Noah's ark looked like.
There were some reports where the fact that this was a private religious school was omitted; I think that's where Snopes had problems.
This was in an e-mail from Think Progress in my mailbox today. The last one from Senator Mike Lee R Utah (it follows the 11) would be haha funny if the guy wasn't serious:
But will they be allowed to own assault rifles?
If they are allowed to own assault rifles maybe they can count on the Obama administration to supply the bullets. See, Sen. Inhofe is advancing the theory that the Obama administration is buying up all the bullets, every single one, so no one else can get any, thereby disarming the American people without the need for legislation. Inhofe, an actual Senator, not a blogger living in mommy's basement, is even proposing legislation to counter this plot. An accusation that the guvmint plans to distribute these bullets to undocumented workers so only they and the govmint and maybe "urban" types (since the President is "urban") will be armed while all good normal white people are rendered helpless, is probably only an Inhofe TV appearance or two away.
looks like Grassley and Sessions are the work horses here. The majority of their constituents just love this stuff but where does Rubio fit into all of this?
He doesn't. Reaching out in any way to Latinos doesn't fit n with this either. Demographics demand the GOP reach out to Latinos to survive as a national party. They can't do it. But they certainly seem determined to do as much harm as possible in the time they have left.