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The Definition of Insanity
Author: BobR
Date: 05/18/2012 13:31:03
Last night we watched the HBO movie "Too Big To Fail", based on the book of the same name by Andrew Ross Sorkin. I had felt like I had a pretty good handle on what happened, but the movie definitely filled in some gaps in knowledge, and provided some "behind the scenes" looks at just how incestuous the banking industry is. I highly recommend it.
It seems to paint Bush Treasure Secretary Paulson in a favorable light, and pretty much everyone else (including CEOs of the banks, House Republicans and even John McCain specifically) as self-centered dicks that are more concerned for themselves than they are their shareholders or the rest of the country.
While Republicans like to blame people buying "houses they couldn't afford", they forget that Bush was pushing home ownership, that banks were pushing loans they knew were going to blowup to people they knew were risks, and that the reason people were defaulting on their loans was because previous bank failures were affecting the job market. Essentially, the banks created bad economic conditions which made their own "assets" toxic, which had them teetering on the edge of failure.
The banks had sliced and diced the mortgages (ie: debt) as assets and traded them with each other. They were also gambling with their depositors' money (because as we all know - Wall St. is legalized gambling). AIG had insured all of them, to a level much higher than they could ever afford to honor. It was a house of cards getting ready to collapse and take the entire US banking system down (and the economy with it).
People said "let them fail" without realizing the dire consequences of what would happen if that actually occurred. Without credit (and in some cases - without funds, period) business would grind to a halt. Unemployment would skyrocket. It would make the Great Depression look like a simple recession. Congress passed TARP to keep the mess from getting worse.
In the aftermath, Congress passed legislation to prevent that from happening again. The crux of the clumsily-named "Dodd-Frank Wall Street Reform and Consumer Protection Act" was the Volker Rule. This was supposed to ban banks from using depositors' funds to trade - the banks were required to use only their own funds for the legalized gambling.
As in all good ideas, the devil is in how it actually gets implemented:
The idea of "too big to fail" and ghosts of the 2008 crisis (and near meltdown) came back when JP Morgan announced earlier this week that they lost $2B due to dangerous trading. Had the Dodd-Frank act been doing its job, that loss may have been prevented. JP Morgan - a bank that unwillingly took TARP funds in 2008 - could have been spared a $2B loss (that's "B" as in "billion") by a regulation it opposes.
The egos and greed of the men at the top of these companies are the root cause of their "too big to fail" size and their "too much hubris to know what's good for them" attitude. Perhaps it's time to apply the Sherman Anti-Trust Act to them and force them to split off their investment business from their deposit and loan business. The survival of our economy shouldn't be contigent on the price of a bank's shares on Wall Street.
It seems to paint Bush Treasure Secretary Paulson in a favorable light, and pretty much everyone else (including CEOs of the banks, House Republicans and even John McCain specifically) as self-centered dicks that are more concerned for themselves than they are their shareholders or the rest of the country.
While Republicans like to blame people buying "houses they couldn't afford", they forget that Bush was pushing home ownership, that banks were pushing loans they knew were going to blowup to people they knew were risks, and that the reason people were defaulting on their loans was because previous bank failures were affecting the job market. Essentially, the banks created bad economic conditions which made their own "assets" toxic, which had them teetering on the edge of failure.
The banks had sliced and diced the mortgages (ie: debt) as assets and traded them with each other. They were also gambling with their depositors' money (because as we all know - Wall St. is legalized gambling). AIG had insured all of them, to a level much higher than they could ever afford to honor. It was a house of cards getting ready to collapse and take the entire US banking system down (and the economy with it).
People said "let them fail" without realizing the dire consequences of what would happen if that actually occurred. Without credit (and in some cases - without funds, period) business would grind to a halt. Unemployment would skyrocket. It would make the Great Depression look like a simple recession. Congress passed TARP to keep the mess from getting worse.
In the aftermath, Congress passed legislation to prevent that from happening again. The crux of the clumsily-named "Dodd-Frank Wall Street Reform and Consumer Protection Act" was the Volker Rule. This was supposed to ban banks from using depositors' funds to trade - the banks were required to use only their own funds for the legalized gambling.
As in all good ideas, the devil is in how it actually gets implemented:
Public comments to the Financial Services Oversight Council on how exactly the rule should be implemented were submitted through November 5, 2010. Financial firms such as Goldman Sachs, Bank of America, and JPMorgan Chase & Co. posted comments expressing concerns about the rule. Republican representatives to Congress have also expressed concern about the Volcker Rule, saying the rule's prohibitions may hamper the competitiveness of American banks in the global marketplace, and may seek to cut funding to the federal agencies responsible for its enforcement. Incoming Chairman of the House Financial Services Committee, Representative Spencer Bachus (R-Alabama), has stated that he is seeking to limit the impact of the Volcker Rule, although Volcker himself has stated that he expects backers of the rule to prevail over such critics.
Regulators presented a proposed form of the Volcker Rule for public comment on October 11, 2011, which was approved by the SEC, The Federal Reserve, The Office of the Comptroller of the Currency and the FDIC. The proposed regulations were immediately criticized by banking groups as being too costly to implement, and by reform advocates for being weak and filled with loopholes. On January 12, 2012 CFTC (the U.S. Commodity Futures Trading Commission) became the final major regulator to vote in favor of the bill.
[..]
Regulators gave the public until February 13, 2012 to comment on the proposed draft of the law (over 17,000 comments were made). Under the Dodd-Frank financial reform bill, the regulations go into effect on July 21, 2012. However, during his report to Congress on February 29, 2012, Federal Reserve Chairman Ben S. Bernanke said the central bank and other regulators won’t meet that deadline.
The idea of "too big to fail" and ghosts of the 2008 crisis (and near meltdown) came back when JP Morgan announced earlier this week that they lost $2B due to dangerous trading. Had the Dodd-Frank act been doing its job, that loss may have been prevented. JP Morgan - a bank that unwillingly took TARP funds in 2008 - could have been spared a $2B loss (that's "B" as in "billion") by a regulation it opposes.
The egos and greed of the men at the top of these companies are the root cause of their "too big to fail" size and their "too much hubris to know what's good for them" attitude. Perhaps it's time to apply the Sherman Anti-Trust Act to them and force them to split off their investment business from their deposit and loan business. The survival of our economy shouldn't be contigent on the price of a bank's shares on Wall Street.
Comments:
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Comment by 
wickedpam on 05/18/2012 13:11:56
wickedpam on 05/18/2012 13:11:56
Morning 
Comment by 
Raine on 05/18/2012 13:19:06
good morning! It should be mentioned that Bobber wrote a great blog this morning.
I could never string something like this together so well. And that movie was amazing.
Raine on 05/18/2012 13:19:06
good morning! It should be mentioned that Bobber wrote a great blog this morning. I could never string something like this together so well. And that movie was amazing.
Comment by wickedpam on 05/18/2012 13:23:07
wickedpam on 05/18/2012 13:23:07
I heard that movie was good, have to add it to my Netflix list.
You, Bob and Tri always write great blogs
Always learn lots from you guys.
Don't sell yourself short you connect lots of very complicated things and make them understandable
You, Bob and Tri always write great blogs
Always learn lots from you guys. Don't sell yourself short you connect lots of very complicated things and make them understandable
Comment by Raine on 05/18/2012 13:25:41
Raine on 05/18/2012 13:25:41
I liked this from the NYT review of the movie:
Mr. Sorkin's take on the story is the conventional one. That doesn't make it wrong. Presidents back to Reagan overderegulated the financial industry. Borrowing became too easy, especially for houses. People got in over their heads. When they couldn't pay back their debts, they dragged the banks (and one insurance company, A.I.G.) down with them. Finally, too late for Lehman Brothers, the government stepped in to save the banks, and the economy, from collapsing. The movie reminds us that President George W. Bush needed Democratic votes to get the necessary legislation passed, because Republicans were already demagoguing it. And "Too Big to Fail" makes clear that, in Mr. Sorkin's view, doing nothing would have been catastrophic. The movie is heavy on the idea that saving the troubled banks required merging them with healthy banks, thus creating new institutions that are even bigger than the ones that the government rescued because they were too big (to be allowed) to fail.
Comment by Raine on 05/18/2012 14:00:57
source
Raine on 05/18/2012 14:00:57
Why did this girl cause her own murder?
A 17-year-old girl is visiting her Dad and his girlfriend, and goes for a quick run down to the 7-11, just as it's getting dark, to buy a Coke and a Twix. She's hurrying back home so she doesn't miss the start of "Bridezilla when she notices some guy in an SUV cruising her, which really creeps her out. She walks faster, and calls her best friend on her cell to tell about the creepy guy.
When the guy keeps creeping her, she starts to really walk fast, and goes off the sidewalk and cuts across some of the common area, telling her BFF on the phone she is REALLY freaked now, but will be back home in just a minute.
What happens next is a bit confusing, but we know the girl was approached and confronted by this guy, and her survivor instinct kicked in. Maybe her Mom insisted she take some Judo or MMA classes for self defense, maybe she was cornered and the guy grabbed at her, maybe she saw his gun, maybe it was flight or fight, but whatever the reason, the girl felt she had to try and fight for her life, so she did. The BFF heard a struggle and then the cell went dead.
She punched the guy. Maybe. She kicked him in the balls. Maybe. She tripped him and then jumped on him and started hitting him, even though that makes little sense. Maybe she did some of these or none of these or all of these. We do know that the guy, who had creeped her, parked his car and followed her across a complex in the misty rainy dark, took his 9mm and shot her in the chest from 1 inch to four feet away.
We know he wasn't charged or tox checked, and witnesses were brushed off, we know that. We know it came out that the girl had a trace amount of THC in her system, and the media says she liked to sleep around and slut shamed her, and she had to do community service because she was foolish and spray painted a building once.
Why did this girl make the man shoot her? Why did she cause her own murder?
Comment by wickedpam on 05/18/2012 14:09:38
Why was there a sudden doc dump by the prosecutors of police files that weren't apparently with the original police report of the incident, complete with pictures and audio tapes?
wickedpam on 05/18/2012 14:09:38
Quote by Raine:sourceWhy did this girl cause her own murder?
A 17-year-old girl is visiting her Dad and his girlfriend, and goes for a quick run down to the 7-11, just as it's getting dark, to buy a Coke and a Twix. She's hurrying back home so she doesn't miss the start of "Bridezilla when she notices some guy in an SUV cruising her, which really creeps her out. She walks faster, and calls her best friend on her cell to tell about the creepy guy.
When the guy keeps creeping her, she starts to really walk fast, and goes off the sidewalk and cuts across some of the common area, telling her BFF on the phone she is REALLY freaked now, but will be back home in just a minute.
What happens next is a bit confusing, but we know the girl was approached and confronted by this guy, and her survivor instinct kicked in. Maybe her Mom insisted she take some Judo or MMA classes for self defense, maybe she was cornered and the guy grabbed at her, maybe she saw his gun, maybe it was flight or fight, but whatever the reason, the girl felt she had to try and fight for her life, so she did. The BFF heard a struggle and then the cell went dead.
She punched the guy. Maybe. She kicked him in the balls. Maybe. She tripped him and then jumped on him and started hitting him, even though that makes little sense. Maybe she did some of these or none of these or all of these. We do know that the guy, who had creeped her, parked his car and followed her across a complex in the misty rainy dark, took his 9mm and shot her in the chest from 1 inch to four feet away.
We know he wasn't charged or tox checked, and witnesses were brushed off, we know that. We know it came out that the girl had a trace amount of THC in her system, and the media says she liked to sleep around and slut shamed her, and she had to do community service because she was foolish and spray painted a building once.
Why did this girl make the man shoot her? Why did she cause her own murder?
Why was there a sudden doc dump by the prosecutors of police files that weren't apparently with the original police report of the incident, complete with pictures and audio tapes?
Comment by 
Mondobubba on 05/18/2012 14:10:02
Mondobubba on 05/18/2012 14:10:02
Bobber, what's a "mortage?" 
Now that the good natured needling is done, as a companion to "Too Big to Fail" Frontline's four-part series on the finanacial crisis is required watching. You can check it out on the PBS website.
Now that the good natured needling is done, as a companion to "Too Big to Fail" Frontline's four-part series on the finanacial crisis is required watching. You can check it out on the PBS website.
Comment by Raine on 05/18/2012 14:10:07
Raine on 05/18/2012 14:10:07
Oh, this is righteous.
Mr. Ricketts, of course, is the patriarch of the family that owns the Cubs. That the family includes daughter Laura, a key fund-raising figure in the Obama re-election campaign, is but a small irony here, a seeing-eye single amid a barrage of extra-base inconsistencies and hypocritical home runs.
The big blow, of course, is that Mr. Ricketts is going after Chicago's favorite son while his family asks Chicagoans to pony up for improvements to Wrigley. Crain's columnist Greg Hinz outlined the project's costs, and the family's bond and tax-break requests, late last month.
No, you're not confusing things. The Ricketts family wants you to help fix Wrigley, and to do so requires the blessing of former Obama Chief of Staff Rahm Emanuel. And the family patriarch has a super PAC called Ending Spending Action Fund, and its proposal says, effectively, America doesn't hate President Obama enough.
Comment by Raine on 05/18/2012 14:11:42
I'd like to know why as well. I suspect that the federal investigation is sussing all this crap out.
I thought this was one of the best analogies I have seen about this case.
Raine on 05/18/2012 14:11:42
Quote by wickedpam:
Why was there a sudden doc dump by the prosecutors of police files that weren't apparently with the original police report of the incident, complete with pictures and audio tapes?
I'd like to know why as well. I suspect that the federal investigation is sussing all this crap out.
I thought this was one of the best analogies I have seen about this case.
Comment by Mondobubba on 05/18/2012 14:13:41
Mondobubba on 05/18/2012 14:13:41
James Woods was great as Dick Fuld. Whatta dick!
Comment by Raine on 05/18/2012 14:25:28
I thought the entire cast was amazing. I will check out the frontline series.
Raine on 05/18/2012 14:25:28
Quote by Mondobubba:
James Woods was great as Dick Fuld. Whatta dick!
Comment by Mondobubba on 05/18/2012 14:26:19
Mondobubba on 05/18/2012 14:26:19
Even if there was dope in Trayvon's system, even if he started some shit with Zimmermann, even even even. Zimmermann was told to knock it off by the 911 guy>
Comment by wickedpam on 05/18/2012 14:29:16
Maybe I'm mistaken but when this all first started breaking, didn't the media get the original police report? I could have sworn there was complaining when the police issued a second amended report. If that is the case, I really would like to know why none of this info was in the original file like it should have been. It doesn't take that long to process a picture and audio now. Why is there now a third amend police file?
This all came from the prosecutor's office supposedly, if they knew all this before hand they why go for second degree? why not manslaughter?
wickedpam on 05/18/2012 14:29:16
Quote by Raine:Quote by wickedpam:
Why was there a sudden doc dump by the prosecutors of police files that weren't apparently with the original police report of the incident, complete with pictures and audio tapes?
I'd like to know why as well. I suspect that the federal investigation is sussing all this crap out.
I thought this was one of the best analogies I have seen about this case.
Maybe I'm mistaken but when this all first started breaking, didn't the media get the original police report? I could have sworn there was complaining when the police issued a second amended report. If that is the case, I really would like to know why none of this info was in the original file like it should have been. It doesn't take that long to process a picture and audio now. Why is there now a third amend police file?
This all came from the prosecutor's office supposedly, if they knew all this before hand they why go for second degree? why not manslaughter?
Comment by 
BobR on 05/18/2012 14:32:28
and yet you missed my "it's" instead of "its", and two cases of leaving off the apostrophe from "depositors".
BobR on 05/18/2012 14:32:28
Quote by Mondobubba:
Bobber, what's a "mortage?"
Now that the good natured needling is done, as a companion to "Too Big to Fail" Frontline's four-part series on the finanacial crisis is required watching. You can check it out on the PBS website.
and yet you missed my "it's" instead of "its", and two cases of leaving off the apostrophe from "depositors".
Comment by Mondobubba on 05/18/2012 14:33:43
Mortage jumped off the page.
Mondobubba on 05/18/2012 14:33:43
Quote by BobR:Quote by Mondobubba:
Bobber, what's a "mortage?"
Now that the good natured needling is done, as a companion to "Too Big to Fail" Frontline's four-part series on the finanacial crisis is required watching. You can check it out on the PBS website.
and yet you missed my "it's" instead of "its", and two cases of leaving off the apostrophe from "depositors".
Mortage jumped off the page.
Comment by Mondobubba on 05/18/2012 14:42:35
Mondobubba on 05/18/2012 14:42:35
Did you know that USC has the Barbra Streisand Chair of Contemporary Gender Studies
Comment by Raine on 05/18/2012 14:44:49
They went for second degree assuming there would be a plea deal for manslaughter.
The police totally fuckedup.
Raine on 05/18/2012 14:44:49
Quote by wickedpam:
Maybe I'm mistaken but when this all first started breaking, didn't the media get the original police report? I could have sworn there was complaining when the police issued a second amended report. If that is the case, I really would like to know why none of this info was in the original file like it should have been. It doesn't take that long to process a picture and audio now. Why is there now a third amend police file?
This all came from the prosecutor's office supposedly, if they knew all this before hand they why go for second degree? why not manslaughter?
The police totally fuckedup.
Comment by Raine on 05/18/2012 14:51:43
Raine on 05/18/2012 14:51:43
This is interesting. From the AP:
So there is that -- but this caught my eye:
Why the HELL is there so much secrecy to what Zimmerman did for a living?
I am not a conspiratorial type, I think people know that about me, so I really want to know why there is such a blackout of his former employees and what he did for a living.
More than 200 pages of photos and eyewitness accounts released by prosecutors Thursday show Zimmerman and Martin were in a loud and bloody fight in the moments leading up to the shooting and that Zimmerman appeared to be getting the worst of it, with wounds both to his face and the back of his head.
But the original lead detective in the case believed Zimmerman caused the fight by getting out of his vehicle to confront Martin, who wasn't doing anything criminal, and then could have defused the situation by telling Martin he was just a concerned citizen and tried to talk to him. He didn't think Zimmerman could legally invoke Florida's "stand your ground" law and should be charged with manslaughter.
A man whose name was deleted from the audio told investigators said he worked with Zimmerman in 2008 for a few months. It wasn't clear which company it was.
The man, who described his heritage as "Middle Eastern," said that when he first started, many employees didn't like him. Zimmerman seized on this, the employee said, and bullied him.
I am not a conspiratorial type, I think people know that about me, so I really want to know why there is such a blackout of his former employees and what he did for a living.
Comment by wickedpam on 05/18/2012 14:56:44
wickedpam on 05/18/2012 14:56:44
I'm going to apologize now for asshat Bob Marshall. I didn't vote for him and he is a poor rep for the county in which my city resides
Comment by Mondobubba on 05/18/2012 15:03:44
Mondobubba on 05/18/2012 15:03:44
Here's a little bit of advice. When you are out with (gay) friends, make sure that you don't end up in the cozy gay bar for pool on the day a gay icon has died.
Comment by Raine on 05/18/2012 15:09:55
Oh -- that must have been sad. 
Raine on 05/18/2012 15:09:55
Quote by Mondobubba:
Here's a little bit of advice. When you are out with (gay) friends, make sure that you don't end up in the cozy gay bar for pool on the day a gay icon has died.
Comment by Raine on 05/18/2012 15:10:24
What did I miss?
Raine on 05/18/2012 15:10:24
Quote by wickedpam:
I'm going to apologize now for asshat Bob Marshall. I didn't vote for him and he is a poor rep for the county in which my city resides
What did I miss?
Comment by wickedpam on 05/18/2012 15:14:36
Steph played audio of Bob Marshall and how he opposed the judge who's gay.
wickedpam on 05/18/2012 15:14:36
Quote by Raine:Quote by wickedpam:
I'm going to apologize now for asshat Bob Marshall. I didn't vote for him and he is a poor rep for the county in which my city resides
What did I miss?
Steph played audio of Bob Marshall and how he opposed the judge who's gay.
Comment by Mondobubba on 05/18/2012 15:14:58
At times yes. Especially from the boomer aged guys. Whenerver Donna was on the sound system there was thank you Donna comments.
Mondobubba on 05/18/2012 15:14:58
Quote by Raine:Oh -- that must have been sad.Quote by Mondobubba:
Here's a little bit of advice. When you are out with (gay) friends, make sure that you don't end up in the cozy gay bar for pool on the day a gay icon has died.
At times yes. Especially from the boomer aged guys. Whenerver Donna was on the sound system there was thank you Donna comments.
Comment by Raine on 05/18/2012 15:19:47
I wasn't aware he was your rep.
That entire debacle is proof that we really need to have a federal equal rights amendment. They can legally use that excuse for women as well.
Raine on 05/18/2012 15:19:47
Quote by wickedpam:Quote by Raine:Quote by wickedpam:
I'm going to apologize now for asshat Bob Marshall. I didn't vote for him and he is a poor rep for the county in which my city resides
What did I miss?
Steph played audio of Bob Marshall and how he opposed the judge who's gay.
That entire debacle is proof that we really need to have a federal equal rights amendment. They can legally use that excuse for women as well.
Comment by Raine on 05/18/2012 15:20:32
Aww, damn. I would have liked to have been there.
Raine on 05/18/2012 15:20:32
Quote by Mondobubba:
At times yes. Especially from the boomer aged guys. Whenerver Donna was on the sound system there was thank you Donna comments.
Comment by BobR on 05/18/2012 15:21:20
What? They didn't riot and loot?
BobR on 05/18/2012 15:21:20
Quote by Mondobubba:Quote by Raine:Oh -- that must have been sad.Quote by Mondobubba:
Here's a little bit of advice. When you are out with (gay) friends, make sure that you don't end up in the cozy gay bar for pool on the day a gay icon has died.
At times yes. Especially from the boomer aged guys. Whenerver Donna was on the sound system there was thank you Donna comments.
What? They didn't riot and loot?
Comment by Mondobubba on 05/18/2012 15:23:22
I'm slowly out gassing juniper berry scented funk from my body today.
Mondobubba on 05/18/2012 15:23:22
Quote by Raine:Oh -- that must have been sad.Quote by Mondobubba:
Here's a little bit of advice. When you are out with (gay) friends, make sure that you don't end up in the cozy gay bar for pool on the day a gay icon has died.
I'm slowly out gassing juniper berry scented funk from my body today.
Comment by Raine on 05/18/2012 15:23:40
Raine on 05/18/2012 15:23:40
Well, this is just lovely. Facebook went public today -- and now my account is temporarily unavailable!
Shakes fist at sky -- DAMN YOU ZUCKERBERG!
Shakes fist at sky -- DAMN YOU ZUCKERBERG!
Comment by Mondobubba on 05/18/2012 15:24:26
You FB account? Asshats!
Mondobubba on 05/18/2012 15:24:26
Quote by Raine:
Well, this is just lovely. Facebook went public today -- and now my account is temporarily unavailable!
Shakes fist at sky -- DAMN YOU ZUCKERBERG!
You FB account? Asshats!
Comment by wickedpam on 05/18/2012 15:26:54
I think him and Jackson Miller - both asshats
wickedpam on 05/18/2012 15:26:54
Quote by Raine:I wasn't aware he was your rep.Quote by wickedpam:Quote by Raine:Quote by wickedpam:
I'm going to apologize now for asshat Bob Marshall. I didn't vote for him and he is a poor rep for the county in which my city resides
What did I miss?
Steph played audio of Bob Marshall and how he opposed the judge who's gay.
That entire debacle is proof that we really need to have a federal equal rights amendment. They can legally use that excuse for women as well.
I think him and Jackson Miller - both asshats
Comment by Raine on 05/18/2012 16:22:02
Raine on 05/18/2012 16:22:02
I'm sorry -- I know you are a vet and I know you fought for our freedom -- but you still don't get the right to be an offensive asshat. The freedoms you fought for do not include the right to be a bigot.
Comment by 
livingonli on 05/18/2012 16:39:31
livingonli on 05/18/2012 16:39:31
Good day, folks. Another sleepy morning since I could sleep in and giving attention to the cat who was purring on my face today and now she's sleeping.
Comment by Raine on 05/18/2012 17:52:42
Raine on 05/18/2012 17:52:42
Comment by Mondobubba on 05/18/2012 18:22:46
Calling 911 to complain about every stranger in the neighborhood, calling the HR hotline to complain about every manager and coworker. Yeah, about the same thing.
Mondobubba on 05/18/2012 18:22:46
Calling 911 to complain about every stranger in the neighborhood, calling the HR hotline to complain about every manager and coworker. Yeah, about the same thing.
Comment by livingonli on 05/18/2012 18:29:37
He's definitely an asshat who likes to abuse people.
livingonli on 05/18/2012 18:29:37
Quote by Mondobubba:
Calling 911 to complain about every stranger in the neighborhood, calling the HR hotline to complain about every manager and coworker. Yeah, about the same thing.
He's definitely an asshat who likes to abuse people.
Scoopster
Comment by 
Will in Chicago on 05/18/2012 22:58:06
Will in Chicago on 05/18/2012 22:58:06
BobR, thanks for a great blog! I hope that everyone is well.
What is amazing is that the GOP is still wedded to the policies of George W. Bush in deregulation of the financial industry! Most people would reject failed policies, but not the current GOP.
What is amazing is that the GOP is still wedded to the policies of George W. Bush in deregulation of the financial industry! Most people would reject failed policies, but not the current GOP.
Comment by BobR on 05/18/2012 23:02:19
Yeah, that's all over the news here.
BobR on 05/18/2012 23:02:19
Quote by Mondobubba:
Elenor Holmes-Norton treated like the help by GOP
Yeah, that's all over the news here.