dajafi wrote:

drsmooth wrote:Werthless, that handwringing #$!&@ about minimum wage when not a god-damned soul has any issues about bailing out/making whole the vile #$!&@ running banks just pushes my buttons in a huge way.

Do not get all up in a tizzy about minimum wage unless you're prepared to call for Dimon's - and other bankers - head on a #$!&@ flaming stick

I want to read Neil Barofsky's book about TARP, an anecdote from which seems aligned to this: Barofsky inquires why the HAMP program, designed to assist homeowners underwater with their mortgages, has been so under-utilized. He's told, I want to say by that toad Geithner but more likely by an underling, that bailing out homeowners would enable moral hazard. Left unanswered is why this is a problem when the sums in question are five or six figures, but not when talking tens or hundreds of billions with the bankers.

dajafi wrote:

jerseyhoya wrote:

dajafi wrote:Lautenberg announced his retirement today.

Wish I could drink to this

Hope this doesn't mean you're sick or something

Though I also have to say he's exactly the sort of guy you'd love if he was a Crip instead of a Blood (or vice-versa; you get my meaning): incredibly rich, basically effective, partisan in a vicious but not especially stupid way.

Personally I find him a decent public servant who's a bit comical/sad because he believes himself to be so much more.

drsmooth wrote:Werthless, that handwringing shit about minimum wage when not a god-damned soul has any issues about bailing out/making whole the vile fucks running banks just pushes my buttons in a huge way.

Do not get all up in a tizzy about minimum wage unless you're prepared to call for Dimon's - and other bankers - head on a fucking flaming stick

Werthless wrote:And you make leaches like Dimon very easy to defend by posting like a flaming idiot.

jerseyhoya wrote:

dajafi wrote:Lautenberg announced his retirement today.

Wish I could drink to this

At her first Banking, Housing and Urban Affairs Committee hearing, Warren questioned top regulators from the alphabet soup that is the nation's financial regulatory structure: the FDIC, SEC, OCC, CFPB, CFTC, Fed and Treasury.

The Democratic senator from Massachusetts had a straightforward question for them: When was the last time you took a Wall Street bank to trial? It was a harder question than it seemed.

"We do not have to bring people to trial," Thomas Curry, head of the Office of the Comptroller of the Currency, assured Warren, declaring that his agency had secured a large number of "consent orders," or settlements.

"I appreciate that you say you don't have to bring them to trial. My question is, when did you bring them to trial?" she responded.

"We have not had to do it as a practical matter to achieve our supervisory goals," Curry offered.

Warren turned to Elisse Walter, chair of the Securities and Exchange Commission, who said that the agency weighs how much it can extract from a bank without taking it to court against the cost of going to trial.

"I appreciate that. That's what everybody does," said Warren, a former Harvard law professor. "Can you identify the last time when you took the Wall Street banks to trial?"

"I will have to get back to you with specific information," Walter said as the audience tittered.

"There are district attorneys and United States attorneys out there every day squeezing ordinary citizens on sometimes very thin grounds and taking them to trial in order to make an example, as they put it. I'm really concerned that 'too big to fail' has become 'too big for trial,'" Warren said.

pacino wrote:Hagel filibustered for....i dont know?

td11 wrote:luv u liz

thephan wrote:Security at federal building, including the capital and congressional offices, will be hit with furloughs.