It has been clear this whole time that with Chuck Schumer leading the fight we would never stand a chance. He is, I think, as decent a guy as you can be while being a high-ranking american politician (low bar, I know), but that's the problem. We don't need a decent guy - a reconciler. We need someone who legitimately scares the pants off of McConnell and the republican leadership. We need someone who can talk the rest of the Dems into some serious Thelma & Louise-type shit. Those senators exist, they're just not high enough in the chain of command to be considered. The Senate sucks, man.
Any news on cancellation of $10K of student loans? I think I only have about $6K that'd be eligible leftover from undergrad. I'll happy pay my remaining $4K from grad school if they can just knock out the last of my original BA that earned me no money for a decade.
TARP was a loan program; the banks paid those loans back, with interest. TARP turned a profit, and the consensus among learned folk is that TARP saved our economy.
You know who did the first version of TARP? That's right, it was FDR, with the Emergency Banking Act of 1933. Insured bank deposits, allowed banks to borrow money for stability; required banks to restructure where needed. TARP did all that too, and is hated for following a plan almost literally out of FDR's playbook. (It's unclear whether he maintained an actual playbook.)
You know who recommended not bailing out banks? Herbert Hoover, and also, most modern-day supporters of FDR.
We need to separate the purely banking from the investing. Move the risky parts away from the fundamental consumer-driven parts such as checking, savings, mortgages, etc.
Then, bailouts won't be necessary. I'm pretty sure that Warren supports this.
"It has been clear this whole time that which Chuck Schumer leading the fight we would never stand a chance."
How? How has it been clear? He hadn't ever been Senate Majority Leader until earlier this month; where is this "whole time" that the problem was that Schumer was weak or whatever?
"We need someone who legitimately scares the pants off of McConnell and the republican leadership."
Oh good heavens. The Senate still runs on numbers, not intimidation, and that's by design.
I'm not saying no bailout, just a smarter one. When banks fail, the screw everyone else, so why not bsilout everyone else, and the good banks will end up okay, too. Liquidity is solved by banks being instantly inundated with thousands of dollars in deposits per customer, and those customers soon transferring much of that to student loans, car loans, and mortgages, plus economic stimulus as those in less debt have more spending money, or have to borrow less in the future.
“Sir!”, also too.
Pass the $3T. In less than six months, the Rs will say it was all their idea and claim the glory. Even those that voted against it.
It has been clear this whole time that with Chuck Schumer leading the fight we would never stand a chance. He is, I think, as decent a guy as you can be while being a high-ranking american politician (low bar, I know), but that's the problem. We don't need a decent guy - a reconciler. We need someone who legitimately scares the pants off of McConnell and the republican leadership. We need someone who can talk the rest of the Dems into some serious Thelma & Louise-type shit. Those senators exist, they're just not high enough in the chain of command to be considered. The Senate sucks, man.
Any news on cancellation of $10K of student loans? I think I only have about $6K that'd be eligible leftover from undergrad. I'll happy pay my remaining $4K from grad school if they can just knock out the last of my original BA that earned me no money for a decade.
Republicans are the "Borrow and spend" party. They're like teenagers with their first credit card, whose parents are too indulgent.
I'm coming down off the high of last week's inauguration (esp. Inaugural Poem). Cynic in me thinks Ds will fuck this up, like they always do.
Katie Porter's +3 Whiteboard of True Accounts. Fear it.
evergreen non-comment.
TARP was a loan program; the banks paid those loans back, with interest. TARP turned a profit, and the consensus among learned folk is that TARP saved our economy.
You know who did the first version of TARP? That's right, it was FDR, with the Emergency Banking Act of 1933. Insured bank deposits, allowed banks to borrow money for stability; required banks to restructure where needed. TARP did all that too, and is hated for following a plan almost literally out of FDR's playbook. (It's unclear whether he maintained an actual playbook.)
You know who recommended not bailing out banks? Herbert Hoover, and also, most modern-day supporters of FDR.
It's been 23 days. What the hell is taking so long to investigate the very Congress Folks that were involved with the attack?
We need to separate the purely banking from the investing. Move the risky parts away from the fundamental consumer-driven parts such as checking, savings, mortgages, etc.
Then, bailouts won't be necessary. I'm pretty sure that Warren supports this.
"It has been clear this whole time that which Chuck Schumer leading the fight we would never stand a chance."
How? How has it been clear? He hadn't ever been Senate Majority Leader until earlier this month; where is this "whole time" that the problem was that Schumer was weak or whatever?
"We need someone who legitimately scares the pants off of McConnell and the republican leadership."
Oh good heavens. The Senate still runs on numbers, not intimidation, and that's by design.
Aaaaand right on schedule, the Left starts readying the knives.
We haven't even left January 2021 yet.
"Take your goddamn Vitamin D - 4000" IU or whatever your doctor recommends.
Afghanistan had been governed by a woman as well, as opposed to...
I'm not saying no bailout, just a smarter one. When banks fail, the screw everyone else, so why not bsilout everyone else, and the good banks will end up okay, too. Liquidity is solved by banks being instantly inundated with thousands of dollars in deposits per customer, and those customers soon transferring much of that to student loans, car loans, and mortgages, plus economic stimulus as those in less debt have more spending money, or have to borrow less in the future.