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Re: Hilary had nothing to do with UBS
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Re: Hilary had nothing to do with UBS
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eta: oye vey, lost to Hank |
Re: Hilary had nothing to do with UBS
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No to on tuna on rye? Really? Huh. |
Re: Hilary had nothing to do with UBS
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Re: Arise, ye workers from your slumber.
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http://rooseveltinstitute.org/sander...eDz4p.facebook The relevant part is: "There are three ways we can break up the banks. 1. Pass a law putting some sort of cap on the size of the balance sheet of financial companies, usually non-deposit liabilities. Caps, such as Senator Brown’s SAFE Banking Act, are generally proposed around 2 or 3 percent of GDP. 2. Have the council of regulators known as the Financial Stability Oversight Council (FSOC), on which the Treasury Secretary serves as chair, declare the largest firms to be too risky and must be broken up (Section 121). 3. Have the Federal Reserve, along with the FDIC, determine that the “living wills” of the biggest banks, which are plans on how they can fail without bringing down the economy, are not credible, and thus must be broken up (Section 165d)." We already discussed the first. Ain't no chance such a law is passed. We can't pass a law to keep lunatics from getting their hands on guns for Christsakes. The second sounds pretty good, but see: "But the Treasury Department isn’t able to make that determination on its own. In fact, ordering a bank to sell off assets and slim down, requires a majority vote of Fed Governors as well as a two-thirds vote of the members of the 10-member Financial Stability Oversight Council (FSOC), of which the Treasury Secretary is only one of 10 voting members. And whether or not Bernie Sanders can marshal the support of the other regulators that sit on this board is another matter. Even if he is able to install regulators sympathetic to his belief that large U.S. banks should be made smaller—which would require Senate approval—he will be unable to change the overall makeup of the Federal Reserve until 2022 at the earliest. That’s because Fed board members serve staggered, 14-year terms. There are currently two vacancies, which Sanders could fill with Senate approval, but he would still need two more sympathetic votes that he’d be unable to garner until at least 2022." http://fortune.com/2016/04/05/bernie-sanders-big-banks/ Dead in the water. The third looks like the best option. Given the fact that banks aren't exactly cooperating, I wonder if the author has thought through the words "Have the Federal Reserve [do anything]," because that's really where the flaw lies. They are subject to Congressional oversight, funding, etc., but I'm not familiar with any requirements that subjects them to the will of the President. Maybe the President can affect change with his appointment of the Chair (which is subject to Congressional approval--and we all know how that goes). In any case, I can respect the fact that Bernie wants to accomplish this and I definitely respect people wanting to vote for him because it is important to him. But the fact that he has put almost no thought into it (or has and doesn't want to admit that it seems almost hopeless) is a legitimate and significant criticism. TM |
Re: Hilary had nothing to do with UBS
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I can just imagine a couple of black college students, sitting in a Woolworth's in Alabama, eating mayo-sodden tuna on stale rye bread, and thinking "we had to fight to get this shit? They should be begging us to eat here." |
Re: Hilary had nothing to do with UBS
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Re: Hilary had nothing to do with UBS
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https://www.youtube.com/watch?v=dzUrB4Y0z2g |
Re: Hilary had nothing to do with UBS
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*I also had the pleasure of representing one of the members of the group, now a SV software engineer. |
Re: Hilary had nothing to do with UBS
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Re: Hilary had nothing to do with UBS
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Re: Res Ipsa
Bernie is starting an argument with Hillary over who is more qualified?
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This looks scientific
Nonetheless:
https://pbs.twimg.com/media/CfdweOEUYAAosz3.jpg |
Re: Res Ipsa
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https://www.youtube.com/watch?v=zUI8GZsgLo8 |
Re: Res Ipsa
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