Ummm, probably not many people but you and Ron Paul are confused enough to drag non-sequiturs about the gold standard into a discussion about the risks of over-leveraging.
Would not have stopped 2008's financial crisis, over-leveraging by investment banks, over-leveraging in the swaps and CDO markets, lax lending standards by mortgage brokers, etc.
And it will not affect lack of leverage controls and counterparty tranparency for hedge funds, broker dealers, private equity funds, etc all inextricably linked through the money markets.
Nope. Lehman Brothers, for example, not subject to Glass-Steagall, never was.
Not mortgage brokers either, not AIG or the swaps they were selling, not Goldman, not any investment bank, not any hedge fund, not any broker dealer, and not one OTC derivative or SIV or repo contract.
I thought the Citizens United ruling narrowly defined bribery as requiring a quid pro quo. In McDonnell's case, that was pretty obvious. The guy who showered them with money and gifts got his shady business dealings embraced by the state thanks to the Gov.
On the other hand, if you're not visibly bribeable, who will they know who to bribe?It's not enough for injustice to be done; it must be seen to be done.
Usually the shoeboxes full of cash under the bed are pretty damning evidence. Believe me, they think they are entitled to it. I came here in '91 from New York, where they tend to keep their corruption discretely behind closed doors. Then I read one of the first things I saw on the Illinois state AP wire, about how a new ethics rule was going to prohibit members of the Legislature from accepting envelopes stuffed with cash on the floor of the Leg, while it was in session, and the state reps were whining up a storm about how unjust that was. I knew then that I was entering a different reality.
And you could sell insurance in case your kids default on your promise by voting the wrong way!
No, it's been mentioned on several threads. It's worrisome that she just disappeared without a goodbye post, maybe the parting was rancorous.
Here's a handy reference:http://rationalwiki.org/wik...
Ummm, probably not many people but you and Ron Paul are confused enough to drag non-sequiturs about the gold standard into a discussion about the risks of over-leveraging.
Alternatively, she could just restore Glass-Steagall, which her husband gutted.
Would not have stopped 2008's financial crisis, over-leveraging by investment banks, over-leveraging in the swaps and CDO markets, lax lending standards by mortgage brokers, etc.
And it will not affect lack of leverage controls and counterparty tranparency for hedge funds, broker dealers, private equity funds, etc all inextricably linked through the money markets.
Yes, it would've stopped them, actually.
Nope. Lehman Brothers, for example, not subject to Glass-Steagall, never was.
Not mortgage brokers either, not AIG or the swaps they were selling, not Goldman, not any investment bank, not any hedge fund, not any broker dealer, and not one OTC derivative or SIV or repo contract.
"Pfft. You can't even get a good bottle of wine for under $100."
- Bob McDonnell
Every single one of them should've been bankrupted, & their CEOs jailed.
I thought the Citizens United ruling narrowly defined bribery as requiring a quid pro quo. In McDonnell's case, that was pretty obvious. The guy who showered them with money and gifts got his shady business dealings embraced by the state thanks to the Gov.
He got his nutritional supplements pushed by the state.
On the other hand, if you're not visibly bribeable, who will they know who to bribe?It's not enough for injustice to be done; it must be seen to be done.
Usually the shoeboxes full of cash under the bed are pretty damning evidence. Believe me, they think they are entitled to it. I came here in '91 from New York, where they tend to keep their corruption discretely behind closed doors. Then I read one of the first things I saw on the Illinois state AP wire, about how a new ethics rule was going to prohibit members of the Legislature from accepting envelopes stuffed with cash on the floor of the Leg, while it was in session, and the state reps were whining up a storm about how unjust that was. I knew then that I was entering a different reality.
Yes, I've been wondering the same thing. I love her posts!
Zing!