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MannyGoldstein

Profile Information

Name: Manny Goldstein
Gender: Male
Hometown: Greater Boston
Home country: USA
Current location: Remulak, as far as I can tell
Member since: Tue Aug 30, 2005, 09:44 AM
Number of posts: 26,302

Journal Archives

"It’s too early to consider a President Elizabeth Warren, but..."

From the Raleigh NC News & Observer:

Tighten controls on big banks

It’s too early to consider a President Elizabeth Warren, but it would be good if the freshman U.S. senator from Massachusetts and scourge of the financial industry could set the Obama administration’s priorities for a few months.

Maybe then Americans would start to see action on two big gaps in the president’s record. No. 1 is the failure to vigorously prosecute the villains behind the financial crisis that blew up the U.S. housing market and vaporized many Americans’ home equity, savings and jobs. No. 2 is the failure to put in place the regulations and oversight needed to keep it from happening again.

...

“Despite the progress we’ve made since 2008, the biggest banks continue to threaten the economy,” Warren said in a statement announcing the new bill. “The four biggest banks are now 30 percent larger than they were just five years ago, and they have continued to engage in dangerous, high-risk practices that could once again put our economy at risk.”

That risk needs the tough approach to oversight that Warren is not afraid to advocate.


Cross-posted to Elizabeth Warren Group


Posted by MannyGoldstein | Sun Aug 25, 2013, 11:14 AM (13 replies)

"It’s too early to consider a President Elizabeth Warren, but..."

From the Raleigh NC News & Observer:

Tighten controls on big banks

It’s too early to consider a President Elizabeth Warren, but it would be good if the freshman U.S. senator from Massachusetts and scourge of the financial industry could set the Obama administration’s priorities for a few months.

Maybe then Americans would start to see action on two big gaps in the president’s record. No. 1 is the failure to vigorously prosecute the villains behind the financial crisis that blew up the U.S. housing market and vaporized many Americans’ home equity, savings and jobs. No. 2 is the failure to put in place the regulations and oversight needed to keep it from happening again.

...

“Despite the progress we’ve made since 2008, the biggest banks continue to threaten the economy,” Warren said in a statement announcing the new bill. “The four biggest banks are now 30 percent larger than they were just five years ago, and they have continued to engage in dangerous, high-risk practices that could once again put our economy at risk.”

That risk needs the tough approach to oversight that Warren is not afraid to advocate.


Cross-posted to Good Reads


Posted by MannyGoldstein | Sun Aug 25, 2013, 11:14 AM (4 replies)

Ah, the drumbeat for war has begun

Syria, coming up.

Sigh.

Posted by MannyGoldstein | Sat Aug 24, 2013, 09:06 PM (43 replies)

Elizabeth Warren May Control Larry Summers's [sic] Fate

Bwa-ha-ha-ha-ha!!!

Elizabeth Warren May Control Larry Summers's (sic) Fate

Freshman lawmakers rarely influence outcomes in the Senate. Elizabeth Warren may be an exception if President Barack Obama nominates Larry Summers to be the next chairman of the Federal Reserve.

If the freshman senator -- the populist scourge of Wall Street -- supports her former Harvard University colleague, he probably would draw little opposition from Democrats and would likely muster enough Republican votes to win confirmation. If she opposes him, other Democrats may defect, too, and it might be a struggle to win over enough Republicans to get the 60 votes required.

...

Warren has signed a letter supporting Federal Reserve Vice Chairman Janet Yellen to succeed Ben Bernanke, whose term as chairman expires in January. However, Warren has indicated that she sees Summers as qualified, and people who know them both cautiously predict she would vote for him.

The choice is expected to be between Summers and Yellen. People familiar with Obama's thinking say he is leaning toward Summers.

Posted by MannyGoldstein | Sat Aug 24, 2013, 01:50 PM (3 replies)

Show of hands: who here thinks that, overall, our government is working for them?

Posted by MannyGoldstein | Sat Aug 24, 2013, 11:50 AM (16 replies)

re: DU's resident "transphobes"

I'll bet there's a few folks on DU who think negatively or dismissively about transgendered folks. And that's bad.

But let's not forget Hanlon's Razor:

Never attribute to malice that which is adequately explained by stupidity.

My operating assumption is that I should call people whatever they want ("Bradley", "Chelsea", "he", "she", ...) and be cool with however they want to characterize themselves, unless they're hurting others. So Chelsea Manning, she is.

But as a complete noob to this stuff, I wouldn't be surprised if I say something stupid when discussing a transgendered person.

One thing that threw me a bit is discussing Manning's past history, e.g., "when Chelsea leaked the damning video...", because Chelsea was Bradley when she leaked the video, so in my brain, the person who was arrested was Bradley. (Sometimes I have very rigid thinking - a blessing and a curse.) So referring to Chelsea as Bradley when discussing past events is a mistake I could have easily made out of my (abundant, as many know!) stupidity. (To solve my problem, I thought about the precedent of Muhammad Al - I wouldn't refer to him as Cassius Clay when discussing his early boxing career. So Chelsea it is/was.)

In any case, let's save our rage for all the #$%& that's truly born of bad intentions, and be careful to not slam those of us who mean well but don't always have our brains in gear. Teach us, don't yell at us.

Mostly, I'm thankful that this kind of stuff can get discussed now, and that people with atypical (is that the wrong word?) sexual identities (is that the wrong phrase?) can be who they are in most parts of our country. When I was a kid - not so long ago - they could not.

Progress! Let's keep going!

(Sorry for the ramble.)
Posted by MannyGoldstein | Fri Aug 23, 2013, 11:34 PM (82 replies)

And ANYBODY can do that?

Really?
Posted by MannyGoldstein | Thu Aug 22, 2013, 01:01 AM (1 replies)

In the military, if someone gets the death penalty for

an overdue library book, then that's OK. When you join the military, because there are no jobs for you in America because REPUBLICANS, you knowingly sign away all of your rights. So whatever happens, happens.

Regards,

Third-Way Manny
Posted by MannyGoldstein | Thu Aug 22, 2013, 01:00 AM (2 replies)

I just don't understand the strategy behind defending the Spy On Everyone program

Every few days there's a new release of information that proves that the last few days of defending it was cah-cah. Today we find out the FISA Court ripped the program a new orifice in 2011, proclaiming it unconstitutional and duplicitous.

Seems like it would be a lot smarter to say "yes, we have some problems and we're going to investigate 'em and fix 'em". Even if they don't actually do squat, it would stop the bleeding for a while. Instead it's deny and lie, never admit a problem other than the little people not being smart enough to see the awesome greatness.

My teenager seems better at dealing with damage control at this point - he usually apologizes and moves on within an hour. But what the Hell do I know, I'm a 99%er.
Posted by MannyGoldstein | Thu Aug 22, 2013, 12:00 AM (70 replies)

Warren asks DOJ to explain 'timid' FHA settlement

Source: The Hill

Sen. Elizabeth Warren (D-Mass.) is pressing the Justice Department to explain what she sees as an insufficient deal to settle housing problems caused by some of the nation's largest banks.

In a letter sent to Attorney General Eric Holder Wednesday, Warren wondered if a portion of a broad government settlement with mortgage servicers amounted to a drop in the bucket, and a sign of the government's "timid enforcement strategy" when it comes to chasing bad actors in the financial sector.

...

The federal government and 49 state attorneys general struck a $25 billion settlement against some of the nation's largest banks in March, following widespread abuses in the housing market and foreclosure process. A portion of that settlement was set aside to address potentially false insurance claims filed with the FHA. But in Warren's eyes, that $225 million payment does not seem to be sufficient, noting that banks submitted over 92,000 claims to the FHA over the covered period, totaling over $12 billion. The maximum liability banks would face under laws pertaining to false claims, if all those claims were fraudulent, would total $37 billion. The settlement amount is 0.6 percent of that figure, Warren said.

She asked the Justice Department to explain how it reached the $225 million figure.

Read more: http://thehill.com/blogs/on-the-money/1091-housing/318005-warren-asks-doj-to-explain-timid-fha-settlement



And the kid gloves treatment of financial crime continues...

Cross posted at Elizabeth Warren Group
Posted by MannyGoldstein | Wed Aug 21, 2013, 11:21 AM (10 replies)
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