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Let’s not forget we’ve had 15 years to get this right. Regulators have been securing our banking system since 2008 with reflated balance sheets, untold capital infusions and stress tests.
Stress tests were indeed put in place via Dodd-Frank. But they were subsequently removed for banks under $250 billion, like SVB, under the Trump administration (bill S.2155), when Republicans controlled Congress. Diane Feinstein had a prescient warning at the time. The vote was:
- Republicans: 50 voted in favor, 0 voted against.
- Democrats: 16 voted in favor, 31 voted against.
Paul Volker warned against the repeal, as well, among many others.
Maybe we should repeal the repeal.
NO MALARKEY
Replying to Neodymium who wrote, “The purpose of the Jan 6 Commission was to win an election. Otherwise it would have been bipartisan.”
Well, it was McConnell (Republican leader) who decided against a bi-partisan Senate commission. And McCarthy pulled the plug on participating when Pelosi vetoed a couple of MAGA nutcases, but accepted three others nominated by him.
I think just about every key witness in the investigation was Republican, so there were endless opportunities for them to testify and make their case. But many of them refused to cooperate. The ones who did cooperate, though, made it quite clear that Republicans were culpable.
And to your point, Neodymium, that I want censorship: no, I believe the government has no right to censor, but private companies do have the right to determine what is on their private platforms. Maybe it’s not always a good idea. There’s an argument to be made that exposing bad ideas to the daylight, instead of shunting them over to some dark-web, is the only way to allow people to change minds. But I nevertheless support the right of private companies to determine their own content policies.
To your point about Elon Musk, I support his right to kick Kanye West off Twitter. I’m curious where you come down on that.
NO MALARKEY
It turns out there’s an interesting explanation for the popular vote disparity.
In the 2022 election, there were many more uncontested House districts held by Republicans (14) than by Democrats (3). And there were another 10 districts in which the GOP had no major-party opponents, compared with just three for Democrats.
Thanks to California’s top-two primary system, there are also another six districts in which Democrats have the votes all to themselves, because the two finalists are both Democrats.
So effectively, there are more than 20 districts in which the GOP could run up the score, compared with a dozen for Democrats.Excluding these districts, the popular vote apparently would have been much closer.
NO MALARKEY
Both sides? JFC. I am going to regret engaging here, but I didn’t realize this delusion is still alive.
NO MALARKEY
I don’t know, but I think the Democrats will do better than expected and then the Republicans will refuse to concede and claim “fraud”.
NO MALARKEY
I guess my reply is in the wrong place, but this is a response to Cornfed:
And Walker can be dismissed because his son is alienated from him? Then BT, I presume you are favorably disposed to Trump since all of his children are so loyal to him.
Of course not. How can you read that tweet and come to that conclusion. The content of the tweet is why I disdain Walker.
Serious question: If your sister or wife or daughter was abused, threatened, and bullied by some asshole for years on end — and you later had a chance to vote for that guy in some political race — would you vote for him?
His son is a conservative — not some woke liberal with an agenda, by the way.
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NO MALARKEY
Why should Christian minister come into play? Warnock’s politics are wrong, regardless of his ministry.
Of course this should have nothing to do with it. The point, as should be very obvious, is that a lot of conservatives claim to vote for Christian values.
NO MALARKEY
I guess the alternative is voting for an actual Christian minister or not voting, god forbid.
He’s still polling well enough. At the end of the day, the pro life party of family values and the folks who wagged their finger for decades and clutched their pearls turns out to have no integrity. I’m not really surprised.
NO MALARKEY
I personally don’t think the mandates are necessary. By 2035 most people will probably prefer to buy EVs with or without a mandate.
In Norway — a cold weather country not too dissimilar in weather from Minnesota — adoption just hit about 90% of new sales.
EVs aren’t for everyone, but for the vast majority of people they will work just fine even with less range than a gas vehicle. And by 2035 the range issue will probably be moot or certainly mitigated significantly as battery technology and other efficiencies improve.
NO MALARKEY
Others that I didn’t mention, such as when Trump redirected funds that had been appropriated to other U.S. government operations to cover the cost of building his wall.
As I said, I don’t like how this was done. And I suspect it will be challenged as unconstitutional.
NO MALARKEY
I don’t own a farm, but I’ve helped bail them out.
I didn’t own a house in 2008, but my taxes helped bail out Fannie & Freddie.
I didn’t get a PPP loan, but I’m paying for them.
I didn’t vote for the guy who started the Iraq War, but I’m paying for the trillions spent there.
I didn’t vote for the guy who started the war in Afghanistan, but I helped pay for all kinds of shite there for decades.
I don’t own a multimillion dollar business that got a tax cut from Trump.
I don’t own a home in a hurricane prone or flood prone area that keeps getting wiped out and rebuilt, but somehow I keep paying for that shite.
All kinds of groups, individuals, and corporations have been getting handouts and bailouts from the government for decades. It’s just that this particular group is not in a red state that gets hurricanes and floods, it’s not a corporation, it’s not a big business; it’s a group that happens to align more with Democrats, so it’s suddenly unfair.
Having said that, I actually agree this thing was not done well. I would have much preferred that Biden simply remove the prohibition on discharging the debt upon bankruptcy (which frankly seems immoral to me).
And let’s be honest: who really was the financially irresponsible party? The guy saddled with crazy debt he can’t discharge but is trying to pay back, or the organization that lent hundreds of thousands to a jobless teen getting an English degree?
NO MALARKEY
I get it. Liberals have gone overboard with the white supremacy thing. I agree with that.
But you think I should be reading every article and asking myself why it doesn’t mention white supremacy?
Do you ask yourself why the media posted here never mentions right wing nutcases?
NO MALARKEY
You’ll have to point me to these white supremacy theories that NPR didn’t cover. I’m not disagreeing, but not sure what you’re alluding to. Perhaps you can provide a link… Are you referring to the fact that last week the media called out “white replacement theory” that motivated the Buffalo mass shooter – and which has become a fairly mainstream conservative talking point?
NO MALARKEY
And no surprise, other right wingers claiming this was a false flag conspiracy by the government to justify tighter gun control.
NO MALARKEY
