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12 Oct 2011 10:20

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Politics: Barney Frank rips Newt Gingrich for his Dodd-Frank assessment

  • I wish I knew that he was willing to listen to my advice, I would have given him some: I would have told him not to impeach Clinton, I would have told his successors not to go to war with Iraq, and I would have told [Tom] DeLay not to go on the dance show.
  • Rep. Barney Frank • Getting in an ice burn on Newt Gingrich, who ripped him and fellow Dodd-Frank architect Christopher Dodd, suggesting they should go to jail for daring to pass a financial reform. “If you want to put people in jail, you ought to start with Barney Frank and Chris Dodd,” Gingrich claimed during Tuesday night’s debate. As you might guess, Frank took umbrage with that assessment: “This notion we caused the problem that started while they were in charge even by Gingrich’s standards is very odd.” source
Posted by Ernie Smith • 0 Comments • Permalink

24 May 2011 20:45

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Politics: Elizabeth Warren subcommittee hearing devolves into pissing match

  • What time was Elizabeth Warren supposed to leave? We’re not completely sure, but she seems pretty angry about being held up by GOP Rep. Patrick McHenry (on top of having the meeting rescheduled repeatedly). Warren, the Harvard professor helping to launch the Consumer Financial Protection Bureau for Obama, faced a tough line of questions from Republicans on the House Oversight subcommittee — questions which showed they didn’t even seem to know basic facts. It got so bad that Democratic Rep. John Yarmuth had to say this in her defense: “The questioning of your veracity when there is documented evidence that you are being totally truthful indicates to me that this hearing is all about impugning you because people are afraid of you.” Word on the street is that Warren may take on Scott Brown in his upcoming Senate race, which is a stupid idea because Brown is a moderate Democrat in every respect but party affiliation. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Oct 2010 09:43

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Biz: Financial reform bill puts Bank of America in the red this quarter

  • $7.3 billion in quarterly losses for Bank of America
  • $10.4
    billion     the size of the company’s one-time charge the company will take due to fees caused by the Dodd-Frank financial reform act
  • $3.1
    billion     the size of the company’s net income otherwise, which beat estimates; they plan to be more transparent about fees in the future source
Posted by Ernie Smith • 0 Comments • Permalink

18 Jul 2010 09:21

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Politics: Financial reform: It has huge rewards for Obama – later on

  • It will have relatively little positive effect on 2010. It’s something Obama can take to the voters in 2012.
  • Rutgers University political scientist Russ Baker • Noting the limited political windfall financial reform will have for Obama in the near-term. On top of the complexity of the 2,300-page bill itself, it’s something where the benefits will have to touch consumers before it becomes clear how important the bill is. “It will be a long time before people get a sense that somehow their debit cards are better protected than they were before financial regulation reform was passed,” Baker said. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jul 2010 22:17

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U.S.: Financial reform bill? Many people didn’t know there was one

  • 38% of Americans didn’t even know that the landmark legislation even existed
  • 33% of Americans have heard about it, but don’t know what it is
  • 29% know at least a little bit about it; only 3 percent know the bill well source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jul 2010 12:11

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U.S.: Key votes in the Senate’s passage of finance reform

  • 60-38 the initial vote to allow the real vote
  • didThe three more moderate East-coast members of the GOP – Scott Brown, Olympia Snowe and Susan Collins.
  • didn’tRuss Feingold, that scallion of Wisconsin, felt the bill didn’t go far enough. Oh, and Robert Byrd just died. source
  • » So, what’s next? Well, in a couple of hours, the bill will go through the real vote, at which point it will head to Obama. Then, ta-da! It becomes law.
Posted by Ernie Smith • 2 Comments • Permalink

15 Jul 2010 11:55

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U.S.: The Senate clears finance reform’s filibuster hurdle; Twitter reacts



Posted by Ernie Smith • 0 Comments • Permalink
 

12 Jul 2010 22:46

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Politics: Just like health care, Ben Nelson is holding up financial reform

  • 56 number of Democratic senators who will vote for the final financial reform bill for sure
  • three number of Republican senators who will probably vote for the bill (including Scott Brown)
  • one number of Democrats named Ben Nelson who (once again) will make things tough source
Posted by Ernie Smith • 0 Comments • Permalink

30 Jun 2010 20:24

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U.S.: Financial reform plows through the House (and maybe the Senate?)

  • 237-192 with just three
    GOP votes source
  • no The Senate won’t get it passed and signed by their July 4 deadline.
  • yes Robert Byrd’s timely death is the specific reason for the holdup.
  • maybe The Senate might have enough votes to pass it – possibly. source
Posted by Ernie Smith • 0 Comments • Permalink

29 Jun 2010 09:09

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Politics: Unlike health care, Robert Byrd didn’t live to vote for finance reform

  • The Senate just lost a key vote for the measure. When Sen. Tom Coburn made a remark that seemingly suggested he hoped Robert Byrd wouldn’t live to see the health care vote, it drew the Democrats in a tizzy. When Robert Byrd died just before the financial reform vote, it left Democratic leadership in a complete bind – now they have to find someone to replace Byrd’s vote, and hope that other Democrats don’t fall out of rank. Will it happen? source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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