May 20, 2010
— Dave in Texas Because doing "something" is always preferable to doing nothing.
The legislation calls for new ways to watch for risks in the financial system and makes it easier to liquidate large failing financial firms. It also writes new rules for complex securities blamed for helping precipitate the 2008 economic crisis, and it creates a new consumer protection agency."We'll soon have in place the strongest consumer protections in history" covering credit cards, student loans, mortgages and more, Obama declared.
Consumers can at least expect a buttload of mail in the coming weeks, from the financial institutions they do business with. I remember the last round of advisories and changes in terms, and it was craptastic.
Can't. Wait.
Unrelated, but since it's been mentioned a couple times today, Director of National Intelligence Dennis Blair takes the hit for the Christmas bomber fiasco, (you remember, back when the "system worked".) Well, ok for that, and also the CIA thought he was a bit "fussy". Here was my funny takeaway quote: "Another factor was Blair's blunt style, which was seen by some as an asset but irked others in a White House that prizes staying on message."
Yeah. They said that. "On message".
Posted by: Dave in Texas at
05:18 PM
| Comments (142)
Post contains 211 words, total size 1 kb.
Posted by: Darryl Harb at May 20, 2010 05:21 PM (SwkdU)
Posted by: FUBAR at May 20, 2010 05:22 PM (1fanL)
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 05:23 PM (c0A3e)
Posted by: Miss'80sBaby at May 20, 2010 05:23 PM (9YYmo)
Obama's been beset by bees and now by this rat. I wonder if this is someone's way of trying to tell us something?
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 05:24 PM (c0A3e)
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 09:24 PM (c0A3e)
I hope the locusts get to 1600 soon.
Posted by: robtr at May 20, 2010 05:25 PM (fwSHf)
In a classified order issued in December, the White House National Security Council reaffirmed the CIA's leadership role in covert action. The director of national intelligence has "policy oversight" but no veto power over operations, officials said.
Under the ruling, if a covert operation is deemed an emergency, the CIA would work directly with the president and notify the director of national intelligence concurrently.
In another setback for the DNI, the White House also strengthened the CIA's hand at U.S. missions overseas.
Sounds like Obama has been leaving the DNI out in the cold for some time, & giving more power to the CIA.Posted by: Miss'80sBaby at May 20, 2010 05:26 PM (9YYmo)
Posted by: Ronster at May 20, 2010 05:26 PM (tAmmU)
Posted by: Delta Smelt at May 20, 2010 05:26 PM (8OTio)
(From Tapper)
Who is John Brennan? An idiot.
Posted by: Dr Spank at May 20, 2010 05:26 PM (sGwNK)
Posted by: Adriane at May 20, 2010 05:27 PM (mXBw3)
The rat that ran in front of Odumbass is my brother. He found what we've been looking for.
Posted by: Ben at May 20, 2010 05:27 PM (YVZlY)
Posted by: Delta Smelt at May 20, 2010 05:28 PM (8OTio)
I'm so screwed.
Posted by: alexthechick at May 20, 2010 09:27 PM (r07cb)
Don't forget your gas and mortgage too!
Posted by: robtr at May 20, 2010 05:28 PM (fwSHf)
"The decisions we've made will have an impact on the lives of Americans for decades to come," said Sen. Richard Shelby, R-Ala., who voted against the legislation. "Judgment will not be rendered by self-congratulatory press releases, but, rather, by the marketplace. And the marketplace does not give credit for good intentions."
Posted by: Barbarian at May 20, 2010 05:29 PM (EL+OC)
Posted by: fluffy reads to well to run for Congress at May 20, 2010 05:29 PM (SwkdU)
The rat that ran in front of Odumbass is my brother. He found what we've been looking for.
Posted by: Ben at May 20, 2010 09:27 PM (YVZlY)
Michael Jackson before he turned himself into a freak
Posted by: Ludicrous Speed at May 20, 2010 05:30 PM (PWj+8)
Here's a fucking idea: Don't do it in the first place!!
But that makes too much sense!
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 05:31 PM (c0A3e)
>> Wait ... is this pass/pass or quit arguing/pass?
pass/pass, on to conf committee to work out diffs with the House version.
or however that's done these days. Probably via Twitter now.
Posted by: Dave in Texas at May 20, 2010 05:33 PM (Wh0W+)
Sen. Jeff Merkley, D-Ore., said that without the restriction on bank trading, banks are tempted to steer too many resources into "high-risk investing," leaving too little for conventional loans to businesses and families.
And there in a nutshell is the problem. How exactly does this genius know that the banks are loaning to the wrong places? Does he have a PhD in economics? Is he an ex-investment banker? Perhaps a direct line to Nosferatu?
Posted by: pep at May 20, 2010 05:33 PM (0K3p3)
Here's a fucking idea: Don't do it in the first place!!
But that makes too much sense!
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010
09:31 PM (c0A3e)
If you read further, they establish a fund for bailouts. It's like the POTUS - man can talk out of every human orifice (but uses the one he sits on to speak the most)
Posted by: Ludicrous Speed at May 20, 2010 05:33 PM (PWj+8)
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 09:24 PM (c0A3e)
I hope the locusts get to 1600 soon.
Posted by: robtr at May 20, 2010 09:25 PM (fwSHf)
--Shouldn't frogs be the next plague? Gnats?
Posted by: logprof at May 20, 2010 05:35 PM (Mmw0q)
Sen. Jeff Merkley, D-Ore., said that without the restriction on bank trading, banks are tempted to steer too many resources into "high-risk investing," leaving too little for conventional loans to businesses and families.
And there in a nutshell is the problem. How exactly does this genius know that the banks are loaning to the wrong places? Does he have a PhD in economics? Is he an ex-investment banker? Perhaps a direct line to Nosferatu?
Posted by: pep at May 20, 2010 09:33 PM (0K3p3)
Nah, he's my bitch, wait till I get him down here and show him how the Barbed One is used.
Posted by: Satan at May 20, 2010 05:35 PM (PWj+8)
Posted by: willy at May 20, 2010 05:35 PM (lzaSE)
This bill did nothing about FANNIE and FREDDIE.
Nothing.
Those wonderful government-run financial institutions -- tax-payer funded black holes.
Posted by: Lemon Kitten at May 20, 2010 05:37 PM (0fzsA)
Snowe and Collins too.
Releasing three, and exactly three, Dems to vote nay.
How convenient.
Posted by: The War Between the Undead States at May 20, 2010 05:37 PM (Sl6p1)
Yeah, that's it.
Glad I sold BAC at $17.50! Oh, Yeah!
Posted by: Kemp at May 20, 2010 05:37 PM (2+9Yx)
Posted by: sartana at May 20, 2010 09:33 PM (MX3eV)
I never trusted that worm. He is a total piece of shit. BTW, he was #59.
Posted by: progressoverpeace at May 20, 2010 05:39 PM (Qp4DT)
Snowe and Collins too.
Releasing three, and exactly three, Dems to vote nay.
How convenient.
..::facepalm::..
Posted by: Willy at May 20, 2010 05:40 PM (lzaSE)
How convenient.
Not surprised. I hate these political games.
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 05:40 PM (c0A3e)
Posted by: Dr Spank at May 20, 2010 05:40 PM (sGwNK)
Scott Brown
Susan Collins
Charles Grassley
Olympia Snowe
They should all burn in hell.
Posted by: progressoverpeace at May 20, 2010 05:40 PM (Qp4DT)
Posted by: Rat Patrol at May 20, 2010 05:41 PM (dQdrY)
I hope the locusts get to 1600 soon.
Posted by: robtr at May 20, 2010 09:25 PM (fwSHf)
--Shouldn't frogs be the next plague? Gnats?
I will then call for a full investigation of GLEN BECK !!!!11!!!
Posted by: Charles Comic Bookstore Johnson at May 20, 2010 05:41 PM (sYxEE)
Posted by: Dr Spank at May 20, 2010 09:33 PM (sGwNK)
"Someday, God willing, I will have the chance to study Arabic again."
Yeah, Mr. Brennan: after you help your boss make it the national language of the USA.
Posted by: stuiec at May 20, 2010 05:42 PM (W+GYq)
Has the Earth healed itself yet? Oceans receded? No? Hmmm....
Posted by: Independent Voter at May 20, 2010 05:42 PM (XBdMr)
Scott Brown
Susan Collins
Charles Grassley
Olympia Snowe
They should all burn in hell.
Posted by: progressoverpeace at May 20, 2010 09:40 PM (Qp4DT)
Tsk. I'm disappointed in you, pop.
That's all you got, really?
Posted by: FUBAR at May 20, 2010 05:43 PM (1fanL)
#37 PoP
I think he figured that once the Maine hags were onboard he might as well get on the Blue State Rino train as well.
Not exactly a profile in courage though.
Posted by: Delta Smelt at May 20, 2010 05:43 PM (8OTio)
Posted by: Adriane at May 20, 2010 05:43 PM (mXBw3)
Leaving the sinking ship.
Posted by: mpur in Texas (kicking Mexico's ass since 1836) at May 20, 2010 05:44 PM (iBTj9)
Posted by: kbdabear at May 20, 2010 05:44 PM (sYxEE)
Posted by: mohammed pork chop at May 20, 2010 05:45 PM (Rb259)
WE ARE DOOMED!
Geez, I'm so depressed any more. These bastardos in gubamint are absolutely killing me.
Posted by: runningrn at May 20, 2010 05:45 PM (CfmlF)
I remember a deep sense of relief that the movie was finally over.
Posted by: mpur in Texas (kicking Mexico's ass since 1836) at May 20, 2010 05:45 PM (iBTj9)
Oh, Barky. Your touching Marxist faith in the effectiveness of mammoth bureaucracies would be amusing if you weren't in a position to act on your knee-jerk impulses.
/pours salt over fries
Posted by: Waterhouse at May 20, 2010 05:45 PM (cBHtc)
For the first time, too, the US force opposite Iran will be joined by a German warship, the frigate FGS Hessen, operating under American command.
Posted by: Rat Patrol at May 20, 2010 05:46 PM (dQdrY)
Me likee. Now if only the electorate would do the same.
Posted by: FUBAR at May 20, 2010 05:46 PM (1fanL)
That's all you got, really?
Posted by: FUBAR at May 20, 2010 09:43 PM (1fanL)
What can I say? There's just not much left to this nation, anymore. It's just one blow after another, and it doesn't appear that anyone is going to stop it. I expect even worse before the weekend is up ... because that's just the sort of suicidal nation we have, now.
Posted by: progressoverpeace at May 20, 2010 05:46 PM (Qp4DT)
As we've seen from how Obama's stiffed the press recently, I think there was a typo and transposition error in that article. Should read, "a White House that prizes saying no message."
Posted by: stuiec at May 20, 2010 05:47 PM (W+GYq)
#56
Agreed. With all due respect to Ace, I didn't need him to tell me that though. I'll always be thankful to Brown for winning the royal seat. I think a good case could be made, even in a blue state, that voting against a Wall Street bailout is a good idea.
Posted by: Delta Smelt at May 20, 2010 05:48 PM (8OTio)
Posted by: Bill D. Cat at May 20, 2010 05:48 PM (a9UO0)
Posted by: Rat Patrol at May 20, 2010 05:48 PM (dQdrY)
This in mind, can any of you financial wizards out there tell me if the scheme to keep all caysh away from the 401k at my new job is a good one?
Or am I being too paranoid thinking that the jackbooted jags in the obama reich will soon be pillaging retirement accounts?
Posted by: buster mcdissenter at May 20, 2010 05:48 PM (ZMes8)
...a White House that prizes staying on message.
and that message is:
"Fuck you, America!"
I hate this ass-ministration; can't wait until 2013!!!!
Posted by: Stillwater at May 20, 2010 05:49 PM (qUdDE)
I hate this ass-ministration; can't wait until 2013!!!!
Posted by: Stillwater at May 20, 2010 09:49 PM (qUdDE)
The US isn't going to make it to 2013.
Posted by: progressoverpeace at May 20, 2010 05:50 PM (Qp4DT)
"Because doing "something" is always preferable to doing nothing."
I like to phrase John McCain's motto thusly: "A bad bill is better than no bill."
Or, "passing a bad law is better than not passing a law."
Posted by: Phil Jones at May 20, 2010 05:50 PM (RROjn)
@mpur
Cmonit wasn't that bad. lol Actually I thought it was excellent except for one thing....Jack Nicholson....he was a caricature. A clown. He kept the movie from realizing its potential.
Posted by: Delta Smelt at May 20, 2010 05:50 PM (8OTio)
Posted by: Waterhouse at May 20, 2010 09:45 PM (cBHtc)
Excuse me, sir. Do you have a valid doctor's prescription for that salt? Possession of a controlled substance is a serious matter, you know.
Posted by: stuiec at May 20, 2010 05:51 PM (W+GYq)
I understood that when I was sending him money, and swore to myself that no matter WHAT other squishiness he engaged in down the line, if his election did nothing BUT stop ObamaCare then it was worth it.
Well, in the end, his election didn't stop ObamaCare. And voting for this turd puts the lie to all of his campaign claims of being for fiscal responsibility. So I've changed my mind.
He's history in '12, and he deserves to be. What a fucking loser.
Posted by: The War Between the Undead States at May 20, 2010 05:51 PM (Sl6p1)
Probably for more subscribers. I remember they were hyping a potential Turkist-Iraqi war during 2005 (2006 too?).
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 05:51 PM (c0A3e)
Posted by: steevy at May 20, 2010 05:52 PM (ilXl+)
I didn't like it at all. And I like shoot 'em ups.
It did have a happy ending though.
Posted by: mpur in Texas (kicking Mexico's ass since 1836) at May 20, 2010 05:53 PM (iBTj9)
Posted by: kbdabear at May 20, 2010 09:44 PM (sYxEE)
Sen. Brown may be shocked when the moneybombs he's counting on for his re-election mysteriously fail to detonate.
Posted by: stuiec at May 20, 2010 05:53 PM (W+GYq)
Posted by: Phil Jones at May 20, 2010 05:53 PM (RROjn)
Posted by: CDR M at May 20, 2010 09:48 PM (5I8G0)
They are claiming plans to have 4 carriers on station. Thought it sounded ominous.
Posted by: Rat Patrol at May 20, 2010 05:53 PM (dQdrY)
Hahaha! I told you so! But did you suckers listen, nooooooooo.... "who would believe a movie about a postman," they said...
Posted by: Kevin Costner at May 20, 2010 05:54 PM (Sl6p1)
I do too. At least in the end, there will be only chaos.
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 05:54 PM (c0A3e)
Posted by: fluffy, masshole at May 20, 2010 05:54 PM (SwkdU)
Posted by: BeckoningChasm at May 20, 2010 05:54 PM (eNxMU)
I remember how much better Infernal Affairs is.
Posted by: alexthechick at May 20, 2010 05:55 PM (r07cb)
#80
I'm pretty down on Brown today but in fairness, it wasn't his fault that Stupuke and his minions caved.
I agree though, he is most likely toast in 12.
Posted by: Delta Smelt at May 20, 2010 05:55 PM (8OTio)
They are claiming plans to have 4 carriers on station. Thought it sounded ominous.
Posted by: Rat Patrol at May 20, 2010 09:53 PM (dQdrY)
It would only sound ominous if there was a Commander-in-Chief willing to order those aircraft into action.
Unless, of course, they're there to keep the IAF from penetrating Iranian airspace. THAT is an order I believe our C-in-C would be willing to give.
Posted by: stuiec at May 20, 2010 05:56 PM (W+GYq)
Posted by: Jim in San Diego at May 20, 2010 05:58 PM (oIp16)
Posted by: torabora at May 20, 2010 05:59 PM (hv6ED)
Posted by: Hammer at May 20, 2010 05:59 PM (1kwr2)
Posted by: CDR M at May 20, 2010 09:56 PM (5I8G0)
Fine, be all rational and shit.
Posted by: Rat Patrol at May 20, 2010 06:01 PM (dQdrY)
That thought came to my mind too.
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 06:02 PM (c0A3e)
Scott Brown "60"
Posted by: sartana at May 20, 2010 09:33 PM (MX3eV)
What a disappointment he's turned out to be. I already regret voting for him.
Posted by: Jim R. at May 20, 2010 06:04 PM (yil2W)
No, it wasn't, but the fact that he's gone on to vote for shit like this erases any slack I was willing to cut him.
Watch him vote for cloture on Kagan next.
Posted by: The War Between the Undead States at May 20, 2010 06:04 PM (Sl6p1)
A 30-year elderly customer of a bank is now faced with paying a fee for paying a check, a service they've always offered.
It's a new world.
Posted by: Intrepid at May 20, 2010 06:06 PM (92zkk)
Posted by: SJR2 at May 20, 2010 06:07 PM (oCbCP)
4 carriers? Riiigghhhtt
Yeah! Two aircraft, and two baby carriers. You know, for the girls on the subs.
Posted by: Early Grayce at May 20, 2010 06:09 PM (gxpfq)
Posted by: Bill D. Cat at May 20, 2010 09:48 PM (a9UO0)
That terrified me rweading that earlier this evening, Is it really that bad? can that be true?
Posted by: willow red faced. at May 20, 2010 06:12 PM (ax2VZ)
Doesn't look it. See that dress she was wearing last night that didn't fit?
Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 06:12 PM (c0A3e)
#116
He did. Cut out the salt. Looking to sign a big contract with the Knicks in the offseason as well.
Posted by: Delta Smelt at May 20, 2010 06:13 PM (8OTio)
Yeah! Two aircraft, and two baby carriers. You know, for the girls on the subs.
Posted by: Early Grayce at May 20, 2010 10:09 PM (gxpfq)
I wrote to the CNO about starting a duty hooker rating, but he never got back to me.
Posted by: Rat Patrol at May 20, 2010 06:14 PM (dQdrY)
Posted by: Anachronda at May 20, 2010 06:14 PM (LD+ZJ)
Posted by: chewydog at May 20, 2010 06:20 PM (SAL/y)
>>See that dress she was wearing last night that didn't fit?
Someone needs to give the First Lady some help with her wardrobe as well as helping her husband run the country. She is the most immodestly dressed First Lady that America has ever had and it's embarrassing to see her so tastelessly dressed while representing women of America.
It's going to be a very long two and a half years to go and when all over, we shall have to sanitize the White House every inch, every corner. We're going to have to put one of those giant tents over the White House and fumigate! GOD, I hate these libtards.
Posted by: sickinmass at May 20, 2010 06:20 PM (tamie)
Posted by: Noticer of Things at May 20, 2010 06:24 PM (XBdMr)
I think they are going to go the Medal route for that. Right next to the Don't Shoot At Bad Guy Medal they are working on.
Posted by: CDR M at May 20, 2010 10:18 PM (5I8G0)
Scrogging above and beyond the call? I want to meat the girl that gets the oak leaf cluster for that one.
Posted by: Rat Patrol at May 20, 2010 06:25 PM (dQdrY)
These regulations will show those evil capitalist motherfuckers. Oh oops... we just created loopholes so banks can get away with overdraft charges for anything... Did you know banks used to make money off interest from loans? not anymore.. now they make even more from overdrafts. You wonder why lending is down? They don't need to do it anymore.
Thanks democrats for fucking up our society even more!! YAY!!
Sad thing is, democrats never look in the rearview mirror after the law passes.
Yay for the human wrecking ball Barrack Hussien Obama ...hmmm hmmm hmmm
Posted by: Cock Licking Democrat at May 20, 2010 06:28 PM (9vQ7f)
The last time those fuckheads dicked around with reforming shit we got Sarbanes-Oxley, a major clusterfuck that should've tossed us into an immediate recession. What could possibly go wrong with this one?
Oh and fuck Scott Brown with Andi's cock.
Posted by: Captain Hate at May 20, 2010 06:34 PM (j9MWE)
Posted by: B+rry Ob+mao at May 20, 2010 06:37 PM (hv6ED)
Posted by: sickinmass at May 20, 2010 10:20 PM (tamie)
......
Just think of what was in the Oval Office rug when Bubba moved out.
Posted by: torabora at May 20, 2010 06:41 PM (hv6ED)
Scott Brown can go to hell. What a traitor. No clear thinking republican could EVER vote for a bill like this.
Him and the two transsexuals from maine can go fuck that guy from king of queens court nominee (don't mind the godzilla yells.. its only natural)
Posted by: Cock Licking Democrat at May 20, 2010 06:41 PM (9vQ7f)
Didn't we already have the "strongest consumer protections in history" just before the most recent meltdown? And now they'll be even more strongerer?
'Cuz during this last go-round there were still a few politically connected people that lost money, and that is just completely unacceptable.
Posted by: gebrauchshund at May 20, 2010 06:43 PM (d7k0J)
Posted by: curious at May 20, 2010 06:43 PM (p302b)
then how can these washington guys/gals be so deaf, dumb and blind?
Posted by: curious at May 20, 2010 06:46 PM (p302b)
Posted by: curious at May 20, 2010 06:47 PM (p302b)
Beck was right and so were a number of AOFHQ commenters......they weren't so comfortable with Brown and he hasn't proven them wrong.
Posted by: curious at May 20, 2010 06:59 PM (p302b)
A cautionary tale from Japan:
Nikkei May 1984 --> 9,913
Nikkei Dec 1989 --> 38,916
Nikkei May 2010 --> 9,781
Posted by: progressoverpeace at May 20, 2010 07:01 PM (Qp4DT)
Posted by: steevy at May 20, 2010 09:52 PM (ilXl+)
Try Kratos...his sense of doom is exquisite. Others here give my the willies...while I LMAO.
Posted by: torabora at May 20, 2010 07:04 PM (hv6ED)
The truly pathetic part is that it seems that he was rolled by Harry Reid, big time. Unreal.
I think he is just really stupid and really misread something about the election. It had to be the case, since he turned right after. Beside the fact that it shows that he's a dipshit who only cares about salvaging his job, it demonstrates how poor his powers of observation are. He is truly simple-minded, and pointed in the wrong direction.
Posted by: progressoverpeace at May 20, 2010 07:04 PM (Qp4DT)
wondering why david the ax wasn't at the state dinner and the ram man....
what are those two up to?
Posted by: curious at May 20, 2010 07:44 PM (p302b)
Buyer's remorse?
And a "No True Scotsmen" argument, too.
Posted by: snapdragon at May 20, 2010 07:49 PM (5Etcj)
Posted by: PinkGrace at May 20, 2010 08:19 PM (x0DXl)
Posted by: Eric at May 20, 2010 09:29 PM (6FsTB)
Buyer's remorse?
Posted by: snapdragon at May 20, 2010 11:49 PM (5Etcj)
You're not very smart, even by troll standards. He was certainly better than a worthless whore like Choadley, who would have made it easy to ram through every item on the jugeared fuck's insane wishlist. Brown fucked up badly on this but there's no doubt that he was still the superior candidate.
Now get your fucking shine box.
Posted by: Captain Hate at May 21, 2010 03:07 AM (j9MWE)
ßæßÊÃá × ÃáÃá ãæÇÞÚ × ãäÊÃÃÇÊ ßæßÊÃá × ÔÇÊ ÕæÊà × ÔÇÊ ßæßÊÃá × Ãä ÊÇÃã
Posted by: soo at May 22, 2010 10:46 PM (WFYoY)
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Posted by: Kratos (missing from the side of Mt Olympus) at May 20, 2010 05:18 PM (c0A3e)