[Guest post by DRJ]
Why are these men happy? They aren’t headed to Disneyland but they did pass an overhaul of America’s financial regulations:
“An exuberant Sen. Chris Dodd is flanked by Sens. Harry Reid and Dick Durbin, with Sens. Blanche Lincoln and Mark Warner in the background, after the Senate passed a sweeping regulatory overhaul bill Thursday night. (Getty/Mark Wilson)”
Meanwhile, the FDIC reports there are 775 problem banks in America.
— DRJ
Pronounced "Patter-EE-koh"
E-mail: Just use my moniker Patterico, followed by the @ symbol, followed by gmail.com
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there’s not a single article I’ve read what accounts for a 1500-page law.
God knows what these ones just did.
happyfeet (71f55e) — 5/21/2010 @ 3:49 pmChris Dodd is the proverbial fox in the henhouse when it comes to financial matters.
The man does not embarrass easy.
GeneralMalaise (8f3781) — 5/21/2010 @ 4:05 pmWell, we get another bite at this hemlock.
AD - RtR/OS! (9200e9) — 5/21/2010 @ 4:06 pmIt has to go to conference to reconcile the Senate and House versions into one bill that can disgust everyone.
Perhaps then, one of the two Maine lobster-pots can be convinced to come up for air, or Mr. Brown can convince the TEA Party folks that they didn’t make a mistake (and that he did by believing in Harry Reid’s sincerity).
Brown, although a newbie, has so far shown himself to be more of a RINO than most want to admit.
It seems that the Mass. voters weren’t so rebellious after all and once again a Democrat runs as a Republican because they’re easier to fool. (Which, btw, happened in Murtha’s old district in PA. Only difference is the Democrat actually ran as a Democrat but used conservative talking points and out tea-partied the tea party candidate.)
If Chris Dodd is grinning, I’m checking my wallet AND my bank accounts, stat.
jakee308 (aec1b8) — 5/21/2010 @ 4:29 pmIt is criminal, really criminal, that people who were behind major aspects of the sub-prime melt-down are now making more rules that are useless at best. We didn’t need more rules, we need some of the people involved to have the integrity to do what they are supposed to do, and yell loud when they are not allowed to.
MD in Philly (cb8efe) — 5/21/2010 @ 4:53 pmPhil Ochs, 1965, Draft Doger Rag:
Oh, I’m just a typical American boy from a typical American town
I believe in God and Senator Dodd and a-keepin’ old Castro down
And when it came my time to serve I knew “better dead than red”
But when I got to my old draft board, buddy, this is what I said:
CHORUS
Sarge, I’m only eighteen, I got a ruptured spleen
And I always carry a purse
I got eyes like a bat, and my feet are flat, and my asthma’s getting worse
Yes, think of my career, my sweetheart dear, and my poor old invalid aunt
Besides, I ain’t no fool, I’m a-goin’ to school
And I’m working in a DEE-fense plant
I’ve got a dislocated disc and a wracked up back
I’m allergic to flowers and bugs
And when the bombshell hits, I get epileptic fits
And I’m addicted to a thousand drugs
I got the weakness woes, I can’t touch my toes
I can hardly reach my knees
And if the enemy came close to me
I’d probably start to sneeze
Ooh, I hate Chou En Lai, and I hope he dies,
ropelight (b919b6) — 5/21/2010 @ 5:26 pmOne thing you gotta see
That someone’s gotta go over there
And that someone isn’t me
So I wish you well, Sarge, give ’em Hell!
Kill me a thousand or so
And if you ever get a war without blood and gore
I’ll be the first to go.
Chris “half-a-samich” Dodd and Rear Admiral Bahney Fwank would both be in federal prison if there were ANY justice.
GeneralMalaise (8f3781) — 5/21/2010 @ 7:05 pmI doubt there is enough brain power in the Federal government to fully comprehend financial derivatives.
Goldman Sachs and the rest of the big-time, trading houses employ teams of the best and brightest computer scientists and ex-academic physicists. They hire the sharpest minds to attack financial problems and challenges. And as a result, many derivative products are only really understood by a select few.
This is going to be a disaster.
The Obambi administration wants to control the automotive, health care and financial industries…but it just doesn’t give a shit about controlling the border.
PC14 (4a4ed3) — 5/21/2010 @ 8:04 pm“Senator Dodd” in the Phil Ochs song was of course Chris Dodd’s father, Thomas J. Dodd.
About him, let’s let the wiki tell the tale:
“In 1967 Dodd became the first Senator censured by the US Senate since Joseph McCarthy in 1954, and was one of only six people censured by the Senate in the 20th century. The censure was a condemnation and finding that he had converted campaign funds to his personal accounts and spent the money.”
— Ah, a splinter off the old block, that Chris.
Icy Texan (1fcf2d) — 5/22/2010 @ 3:32 amYou know, any bill which has Chris Dodd smiling that broadly is, by definition, a bad bill.
PC14 wrote:
I think that we’ll find that the Administration will have just about as much success controlling the automotive, health care and financial industries as it does the border: when their top man for economics, Treasury Secretary Tim Geithner, can’t even get his own taxes right, what makes anyone think that this Administration has any expertise in anything?
I’d be a lot more confident in their ability to run a business if they had anyone on board who had actually run a business.
The Republican Dana (3e4784) — 5/22/2010 @ 4:11 am