What a class act… Click the link and read the rest of it. Here’s a hint. Obama likes him.
More Hope and Change…
Let’s see… He said the Republican’s health plan was to “die quickly.” When asked about Dick Cheney he said, “I have trouble listening to what he says sometimes because of the blood that drips from his teeth while he’s talking.” He said this about the GOP, “They probably wish that there was a Nobel Prize for fear, a Nobel prize for hatred, a Nobel prize for racism.” He compared the GOP health care plan to the Holocaust and 9-11.
And, of course, he’s calling female officials “whores.”
Here are some damn good questions.
Perhaps the American media has begun to awaken from their self-imposed trance over the election of Barack Obama. Politico’s Josh Gerstein figures that moment cannot come too soon, although he also notes that they have a great deal of self-interest in staying asleep. He asks whether a series of actions by George Bush would have received the collective yawn they got from the media when Obama took them, or a feeding frenzy by journalists instead (via Mediate):
A four-hour stop in New Orleans, on his way to a $3 million fundraiser.
Snubbing the Dalai Lama.
Signing off on a secret deal with drug makers.
Freezing out a TV network.
Doing more fundraisers than the last president. More golf, too.
For once, Barney Frank doesn’t lie: ‘We Are Trying On Every Front To Increase The Role Of Government’
Give Ed Schultz credit for something: on his MSNBC show this evening, he hosted an amusing smackdown between Barney Frank and Ralph Nader, perhaps the two most morose public men in America. For once, Barney was attacked from the left.
The gist of Ralph’s rebuke was that Frank hasn’t gone far enough in regulating the financial industry.
Frank was finally so provoked that he claimed/admitted that when it comes to regulation, Democrats are "trying on every front to increase the role of government."
Barney Frank wants to take over banks he thinks are too large. Socialism is too weak a word for this.
Ok. So Barney wants to take over any bank that s big enough that he considers it a threat. So that will keep international banking out of the US. So then I am sure we will lower the bar for what is “too big” until the feds control all the major banks. This is NOT good, nor Constitutional.
By the way, the fifth amendment mentioned below is “No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offence to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation. “
In other words, you can’t convict someone and take their goods without a trial. This law would allow the feds to seize a bank because Barney thinks its a threat… or just wants it as federal property.
A new bill in Congress to increase financial regulation would allow the federal government to seize institutions deemed “too big to fail” if Treasury saw a large enough risk of collapse. McClatchy reports that some on Capitol Hill have begun to refer to it as a “death panel” for banks, apparently more as a joke than a concern. Have any of them actually read the Constitution, especially the Fifth Amendment?
Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, worked over the weekend and throughout Monday to draft the legislation. It would provide the government with first-ever authority to shut down large globally interconnected financial institutions.
Under this authority, jokingly referred to as “Death Panels for Banks,” the Federal Deposit Insurance Corp. would oversee the dismantling of large financial firms much as it does now when it intervenes in commercial banks that are at risk of insolvency.
Decisions about which institutions are so large that they pose a system-wide risk and must be monitored would be made by a Council of Regulators, comprised of leaders from the Fed, the Treasury Department, the FDIC, and other bank-oversight agencies.