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Watch The "Debate" Over The Financial Regulatory Bill
Just because nobody can possibly get enough of listening to Barney Frank steamroll his opposition with irrefutable logic, here is a link to a C-SPAN video of the debate over how to make Chris Dodd's already toothless bill lose its dentures, just so the President can declare victory over TBTF only to have to bailout Citi all over again in less than a year.
C-SPAN link.
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I wowwy, fwankwy, that thewe's a tension hewe. De mowe peopwe, in my judgment, exaggewate a thweat of safety and soundness, the mowe peopwe conjuwe up the possibiwity of sewious financiaw wosses to the Tweasuwy, which I do not see. I think we see entities that awe fundamentawwy sound financiawwy and withstand some of the disastew scenawios. . .
I think you meant to say:
I wowwy, fwankwy, that thewe'th a tenthion hewe. De mowe peopwe, in my thudthment, ethathewate a thweat of thafety and thoundneth, the mowe peopwe conjuwe up the pothibiwity of thewiouth finanthiaw wotheth to the Tweathuwy, which I do not thee. I think we thee entitieth that awe fundamentawwy thound finanthiawwy and withthtand thome of the dithathtew thenawioth. . .
lol
Blah blah blah. Or in Bawknees case, "Bwha bwha bhwa."
Totally phukn pathetic they are toting this horseshit....who the phuck would vote for Barney, he is creepy, a slob and always looks like he just got run over by a mayonnaise truck.
I'm hoping Citi goes under. I owe them money.
Good luck with that.
I use to have ...some... respect for Elizabeth Warren, until she actually told Vikram Pandit:
"The United States government will bear any burden and pay any price to ensure Citigroup does not fail," she said in opening remarks."
http://articles.sfgate.com/2010-03-05/business/18376838_1_citi-ceo-vikra...
Bitch.
I think you misunderstood, she isn't supporting it, she is just stating that this is the position the government takes because of its size and potential to disrupt the financial system.
Warren said the great danger is that Citi will always enjoy government support in tough times because of its sheer size.
"The United States government will bear any burden and pay any price to ensure Citigroup does not fail," she said in opening remarks.
And then she said, "Fuck that!" Right? Right?!?!
she needed to put a cap in bandit's ass there and then
Pathetic waste - and corrupt to the very core of his worthless being. The joke is certainly on us.
What debate? We're not gonna hear the real shit before the slamdunk is over and everybody is out of Dodge.
"only to have to bailout Citi all over again in less than a year."
Aha. So it's Citi that the long side on the BP swaps. Pandy, show us your off-balance sheet collateral!
Don't worry. Now that she is back, Blanche Lincoln has every reason to remain tough on the Banks. Bwahahaha. If you thought you were ever going to be able to get a quote on dark derivatives before you died, take a deep breath and try to hold it.
http://www.youtube.com/watch?v=ecCQ9w0qV8k
Michael Jackson - They Don't Care About Us:http://www.youtube.com/watch?v=QNJL6nfu__Q
+1000
Barney Bubble
Barney bauble?
As Simple Simon sees it, we only have 2 hopes of getting anything meaningful out of this three ring circus:
1. The Lincoln amendment- requiring the carving out of derivatives trading and substantially higher capital
2. Merkley-Levin- Not allowing prop trading
Lincoln is seen being taken out of the bill and Merkley-Levin was denied a vote. God, I am getting so tired of this out in the open kick in the teeth to the public at large. Isn't there any way to dumb this down and get the public enraged about this crap? When does Volcker charge the Oval and scream at Omama to grab his balls and stand up for SOMETHING meaningful??
You're kidding, right? Barry is a Chicago Machine thug.
He is standing up for something: the idea that wealth is not something created through effort, but a fixed quantity that needs to be plundered from those who earn it and handed out as government cheese to those who don't. In exchange the political royalty get ever more control over the peons' lives.
I don't know what kind of savior you thought he was, or what kind of "change" he was going to bring with him, other than the same infinite-government, control freak, central planner, collectivist, class warfare, Entitlement dependency that's run Chicago, Detroit, Newark, Baltimore, Philly, and New Orleans into the ground.
Listen my friend, I didn't endorse the man or his politics. I think both parties in this country have as much credibility as a rat in a cheese factory. I was only mentioning the ONLY two components that may actually have some effect on Wall Street and how they conduct business at large as mentioned by Simon Johnson. I didn't say he was a savior and I sure as hell don't back him or any of the other vermin up on the Hill. (except perhaps Ron Paul.. :) )
I smell a new bumper sticker for the dems..."2012 is coming, act busy!"