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WillyT

WillyT's Journal
WillyT's Journal
November 2, 2013

I'm Starting To Think... That In The Near/Soon Future... We're Gonna Have 4 Political Parties...

1) Left/Progressive

2) Corporate Democrat

3) Corporate Republican

4) Fucking Insane

Time will tell.

How you can help: http://www.wolf-pac.com/



Related Link: http://www.democraticunderground.com/10023961024


November 1, 2013

Bipartisan House Gives In To Wall Street... Citigroup... Lobbyists...

Bipartisan House gives in to Wall Street and passes Dodd-Frank rollback drafted by Citigroup lobbyists
By Travis Gettys - RawStory
Friday, November 1, 2013 11:25 EDT

<snip>

A bipartisan majority in the House of Representatives rolled back one of the key elements of the Dodd-Frank financial reform law passed in the wake of the 2008 economic meltdown. The House voted 292-122 to pass Swaps Regulatory Improvement Act, which repeals a provision in the law that required big banks to move some derivatives trading into separate units that aren’t backed by the government’s insurance fund.

The vote followed months of heavy lobbying by Wall Street banks, and The New York Times reviewed emails that showed Citigroup lobbyists drafted at least 70 of the House bill’s 85 lines. In addition, a MapLight analysis showed Citigroup had showered House members who voted for the bill with campaign cash in the three years since Dodd-Frank was passed.

One of the bill’s co-sponsors, Rep. Jim Hines (D-CT), has received more than $66,000 from the bank, more than any other House member, and the bill’s co-sponsors received an average of 16.8 times more money from Citigroup than other House members. House Speaker John Boehner (R-OH) has received more than $917,000 from interests supporting the bill, more than any other House member, and primary sponsor Rep. Randy Hultgren (R-IL), has gotten more than $136,000 from the securities and investment industry.

Banks were still permitted under the Dodd-Frank law to offset their risk directly with interest rate and foreign exchange swaps, but lawmakers had sought to remove risks in trading contracts such as futures or credit default by moving them away from banks.

But members of both parties have said banks should have more options in hedging their risk, and Ben Bernanke, chairman of the Federal Reserve Board, also favored the change approved by the House, saying it pushes the derivatives trading out toward less-regulated depository institutions and risked financial stability.

The White House said Tuesday it opposes the bill, but President Barack Obama hasn’t said he would veto the measure.

<snip>

More: http://www.rawstory.com/rs/2013/11/01/bipartisan-house-gives-in-to-wall-street-and-passes-dodd-frank-rollback-drafted-by-citigroup-lobbyists/




November 1, 2013

Caption This...




November 1, 2013

Um.... The Sun's Gone Down.. Got Lots Of Candy... Not One Kid.. Not One Family...

My 84 year old mom is asking me... basically...

"What the hell is going on?"

All updates are appreciated. How did your neighorhood do?


It's only 7pm on the West coast, Yet...




November 1, 2013

The Revenge Of The Federalist Society.

Federalist Society

The Federalist Society for Law and Public Policy Studies, most frequently called simply the Federalist Society, is an organization of conservatives and libertarians seeking reform of the current American legal system[1] in accordance with a textualist or originalist interpretation of the U.S. Constitution. The Federalist Society began at Yale Law School, Harvard Law School, and the University of Chicago Law School in 1982 as a student organization that challenged what its members perceived as the orthodox American liberal ideology found in most law schools. The Society asserts that it "is founded on the principles that the state exists to preserve freedom, that the separation of governmental powers is central to our Constitution, and that it is emphatically the province and duty of the judiciary to say what the law is, not what it should be."[1]

The Society is a membership organization that features a Student Division, a Lawyers Division, and a Faculty Division. The Society currently has chapters at over 200 United States law schools and claims a membership of over 10,000 law students. The Lawyers Division comprises over 30,000 practicing attorneys (organized as "lawyers chapters" and "practice groups" within the Society's Lawyers Division) in sixty cities.[1] Its headquarters are in Washington, D.C.. Through speaking events, lectures, and other activities, the Federalist Society provides a forum for legal experts of opposing views to interact with members of the legal profession, the judiciary, law students, and academics.[1]


***************************************************************

Court Blocks Stop-and-Frisk Changes for New York Police
By JOSEPH GOLDSTEIN
Published: October 31, 2013

Link: http://www.nytimes.com/2013/11/01/nyregion/court-blocks-stop-and-frisk-changes-for-new-york-police.html?_r=0

And...

Federal court reinstates part of Texas abortion law
By CNN Staff
updated 9:06 PM EDT, Thu October 31, 2013

Link: http://www.cnn.com/2013/10/31/us/texas-abortion-law/

More on the way...





November 1, 2013

Get Mad America... Get Goddamned Mad !!!

15 Ways The United States Is The Best (At Being The Worst)
Maxwell Strachan, Alissa Scheller & Jan Diehm - HuffPo
Posted: 10/29/2013 10:26 am EDT | Updated: 10/29/2013 5:59 pm EDT

















More: http://www.huffingtonpost.com/2013/10/29/american-exceptionalism_n_4170683.html?utm_hp_ref=business



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