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Thread: Elizabeth Warren to Dems: Kill the bill

  1. #211
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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by Middleground View Post
    I know. Tres like to believe that Warren supports big banks.
    Are you going to refute it, or just continue with your childish posts?

    By the way, your post is a lie. I never said she "supports big banks", did I?
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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by tres borrachos View Post
    You go back to worshipping the woman who thinks you all need protection from your own stupidity and inability to responsibly borrow money, and I'll continue to post the truth about her.
    What truth have you posted about her? Can you sum it up in bite-sized form so that I can swallow it? I'm a low-info voter.

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by Mycroft View Post
    Please allow me to interject here.

    The following article seems to be an objective look at this Dodd-Frank stuff that everyone is talking about. I think it'll clear up some misunderstandings.

    http://dealbook.nytimes.com/2014/12/...n-budget-bill/



    Mornin' Mycroft. Oh I have that one. But I did like this part from your link.


    On the Republican side of the negotiating table, Representative Jeb Hensarling of Texas fought to include three Dodd-Frank measures, all of which had already passed the House with bipartisan support. Mr. Hensarling is chairman of the House Financial Services Committee..... snip~ <<<<< Notice this part here about Bipartisan support and how some have tried to push this onto Henserling and the Repubs.


    Now this part was quite interesting.....

    As reported by Politico, those measures met opposition from the Democratic negotiator, Senator Charles E. Schumer of New York. Senator Schumer did, however, back two separate bills that might affect the financial industry. One bill, originally drafted by Senator David Vitter, a Louisiana Republican, would require the president to appoint a person with community banking experience to the Federal Reserve Board. The second bill, also initially supported by Republicans and Democrats, would provide insurance companies some flexibility in meeting capital requirements.

    At the last minute, lawmakers removed the terrorism insurance bill from the Cromnibus fight. Now, the House will probably vote on the terrorism insurance extension on Wednesday.....snip~


    Here is what I had on Waters.


    Yet, while Waters is vocal in her opposition of the bill–and President Obama’s lobbying of it–a press release from Speaker Boehner’s Office showed that she was for the Dodd-Frank reforms before she was against them [emphasis added by Boehner’s Office, italicized text part of minority views section]:Some Democrats are decrying the inclusion of a common-sense Dodd-Frank reform in the FY 2015 Omnibus Appropriations bill – a bipartisan, House-passed reform that would protect manufacturers, farmers, ranchers, and Main Street businesses from onerous regulations that will hurt our economy. Yet those same members, including former Financial Services Committee Chairman Barney Frank (D-MA) and current Committee Ranking Member Maxine Waters (D-CA) once supported the very same provision. Here’s what they said in 2012, in the “minority views” section of the committee report for this same bill:

    As amended, H.R. 1838 would repeal portions of Section 716 of the financial reform law, also known as the `push-out provision.' Section 716 prohibits banks from engaging in several types of derivatives. Questions have been raised about this provision by economists and regulators including FDIC's Sheila Bair, who are concerned that it might interfere with a bank's ability to use derivatives to diminish risk. Section 716 was not part of the original House-passed version of the financial reform law.

    During the Full Committee markup, Democrats worked with the Majority to amend H.R. 1838 to continue the prohibition of complex swaps employed by AIG with devastating effect. H.R. 1838, as amended, addresses the valid criticisms of Section 716 without weakening the financial reform law's important derivative safeguards or prohibitions on bank proprietary trading.

    Secondary Protocol: What If Cromnibus Blows Up? UPDATE: It Didn&#39;t - Matt Vespa

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by Middleground View Post
    I read your link. It says what she said. Watch the vid I posted and see for yourself.
    no she says it eliminates it. no it doesn't. it expands it by a little bit it doesn't eliminate anything.
    please read the difference.

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by MMC View Post
    Heya Ludin earlier today when we were talking about this. Right after I left. I heard Jim Jordan and some other Repubs were not going to sign onto this bill.
    evidently they changed their mind as the bill passed. it looks like it will pass the senate and Obama supports it. which I find kinda odd.

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by ludin View Post
    evidently they changed their mind as the bill passed. it looks like it will pass the senate and Obama supports it. which I find kinda odd.
    Curious why you find it odd that he supports it? I don't see that he has any choice.

    Nancy Pelosi is "disappointed" in Obama. I wonder how much he really cares about that.

    Speaking of Pelosi, her drama was a sight to behold. "Blackmail". Gotta love her.
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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by Amadeus View Post
    Coerce people out of their tax dollars? So are what are you arguing for? No taxes and no investment in infrastructure?



    Sure I do. You guys want to have your cake and eat it too. That's conservatism in a nutshell.



    No, I'll continue to talk about it. We'll see who gets embarrassed.
    You, because you're talking bull****. Who's talking about no taxes, you apparently. Find where I said no taxes. I'm waiting.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by American View Post
    You, because you're talking bull****. Who's talking about no taxes, you apparently. Find where I said no taxes. I'm waiting.
    You said:

    We are glad to use it since we ****ing paid for it. What do you think? You coerce the tax dollars out of people, then get the galactically stupid notion that people won't use the service.
    I don't know what you're advocating for, to be honest. You say that Americans are being coerced out of their tax dollars for services that you admit they use.

  9. #219
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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by MMC View Post
    Mornin' Mycroft. Oh I have that one. But I did like this part from your link.


    On the Republican side of the negotiating table, Representative Jeb Hensarling of Texas fought to include three Dodd-Frank measures, all of which had already passed the House with bipartisan support. Mr. Hensarling is chairman of the House Financial Services Committee..... snip~ <<<<< Notice this part here about Bipartisan support and how some have tried to push this onto Henserling and the Repubs.


    Now this part was quite interesting.....

    As reported by Politico, those measures met opposition from the Democratic negotiator, Senator Charles E. Schumer of New York. Senator Schumer did, however, back two separate bills that might affect the financial industry. One bill, originally drafted by Senator David Vitter, a Louisiana Republican, would require the president to appoint a person with community banking experience to the Federal Reserve Board. The second bill, also initially supported by Republicans and Democrats, would provide insurance companies some flexibility in meeting capital requirements.

    At the last minute, lawmakers removed the terrorism insurance bill from the Cromnibus fight. Now, the House will probably vote on the terrorism insurance extension on Wednesday.....snip~


    Here is what I had on Waters.


    Yet, while Waters is vocal in her opposition of the bill–and President Obama’s lobbying of it–a press release from Speaker Boehner’s Office showed that she was for the Dodd-Frank reforms before she was against them [emphasis added by Boehner’s Office, italicized text part of minority views section]:Some Democrats are decrying the inclusion of a common-sense Dodd-Frank reform in the FY 2015 Omnibus Appropriations bill – a bipartisan, House-passed reform that would protect manufacturers, farmers, ranchers, and Main Street businesses from onerous regulations that will hurt our economy. Yet those same members, including former Financial Services Committee Chairman Barney Frank (D-MA) and current Committee Ranking Member Maxine Waters (D-CA) once supported the very same provision. Here’s what they said in 2012, in the “minority views” section of the committee report for this same bill:

    As amended, H.R. 1838 would repeal portions of Section 716 of the financial reform law, also known as the `push-out provision.' Section 716 prohibits banks from engaging in several types of derivatives. Questions have been raised about this provision by economists and regulators including FDIC's Sheila Bair, who are concerned that it might interfere with a bank's ability to use derivatives to diminish risk. Section 716 was not part of the original House-passed version of the financial reform law.

    During the Full Committee markup, Democrats worked with the Majority to amend H.R. 1838 to continue the prohibition of complex swaps employed by AIG with devastating effect. H.R. 1838, as amended, addresses the valid criticisms of Section 716 without weakening the financial reform law's important derivative safeguards or prohibitions on bank proprietary trading.

    Secondary Protocol: What If Cromnibus Blows Up? UPDATE: It Didn't - Matt Vespa
    Well, yeah...all that is more of the "I was for/against it but now I'm against/for it" that we get from politicians. But the real reason I presented that link was to clear up exactly where this budget bill is coming from. It has originated in the House...as it should. And, now that the House has passed it, it goes to the Senate.
    TANSTAAFL

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    ― Robert A. Heinlein, Beyond This Horizon

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    Re: Elizabeth Warren to Dems: Kill the bill

    Quote Originally Posted by ludin View Post
    evidently they changed their mind as the bill passed. it looks like it will pass the senate and Obama supports it. which I find kinda odd.
    Yeah it passed, but I did post up the Tea party members that didn't sign on. 16 of them. Jordan kept his word.

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