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(Slate)   Not News: Bill being floated in the Senate would rein in megabanks. News: It's co-sponsored by a Republican. Fark: It's diaper guy   (slate.com ) divider line
    More: Hero, Senate, Republican, capital requirements  
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3097 clicks; posted to Politics » on 30 Apr 2013 at 6:25 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-30 04:40:22 PM  
Should we impose tighter regulations on big banks? Depends.
 
2013-04-30 05:15:26 PM  
I have to say something that I never thought I would ever say about our junior Senator, but here goes:

Nice job, Mr. Vitter.  You've done us all proud.

Okay, I'm going to go have a nervous breakdown now.
 
2013-04-30 05:16:49 PM  

Nabb1: I have to say something that I never thought I would ever say about our junior Senator, but here goes:

Nice job, Mr. Vitter.  You've done us all proud.

Okay, I'm going to go have a nervous breakdown now.


Yeah, having a divide by zero error in me brain myself right now.
 
2013-04-30 05:31:06 PM  
www.nationofblue.com

"Ya done good, kid."
 
2013-04-30 05:32:26 PM  
And all it would take to kill it dead is for Obama to say its a good idea.
 
2013-04-30 05:34:44 PM  
www.funnypicture.in
 
2013-04-30 06:30:38 PM  
Diaper guy?

Can someone explain this one to me...
 
2013-04-30 06:33:58 PM  

hardinparamedic: Diaper guy?

Can someone explain this one to me...

allegedly he likes for prostitutes to treat him like an infant.
diapers included
 
2013-04-30 06:36:20 PM  
Doesn't have a chance in hell of passing.  Good idea, though.  Not only would it make these mega-banks far more stable, but it would also provide incentive for banks to remain smaller, as lower cap reserve requirements mean higher profit margins. Splitting up risk in to smaller chunks would be a good thing for our finance sector, and a greater number of players means a more efficient distribution of capital (less herd mentality).
 
2013-04-30 06:37:34 PM  
I saw this on Motley Fool yesterday, and nearly wet myself I was so surprised.
 
2013-04-30 06:37:36 PM  
Brown-Vitter.  I think I'll just leave that one alone.
 
2013-04-30 06:39:45 PM  
How about capping how much derivative exposure a bank can have?
 
2013-04-30 06:39:56 PM  

hardinparamedic: Diaper guy?

Can someone explain this one to me...


Look up thread?
 
2013-04-30 06:41:30 PM  

KittyGlitterSparkles: How about capping how much derivative exposure a bank can have?


Anonymous person made a claim on a website. Its become popular with his critics.
 
2013-04-30 06:46:02 PM  
If the sausage is made correctly, I care not which hands make it.
 
2013-04-30 06:51:02 PM  
I always thought he liked to pamper the banks.  Perhaps this is just another rash decision on his part.
 
2013-04-30 07:01:07 PM  
Too big to fail banks need to board Carnival boats, which are also too big to fail, and head offshore.

Like the early explorers they could then burn their boats as the toilets back up and the norovirus makes their lives exciting.

Same business model.
 
2013-04-30 07:02:02 PM  
Is this the guy who was married to Jeri Ryan? Or am I thinking of a different Republican pervert?
 
2013-04-30 07:02:54 PM  

Peki: hardinparamedic: Diaper guy?

Can someone explain this one to me...

Look up thread?


To be fair that is a shoop. The case that Vitter was into diapers is pretty weak actually: we know he was a client of the DC Madam. That he had a diaper fetish is just the rumor, but no one explicitly alleged it other than bloggers who heard it from a friend of a friend which Wonkette picked up and ran with.

Anyway, article: there is absolutely no reason you shouldn't support this bill unless you believe that the big banks being as large as they are is a good thing. It doesn't break them up, it just encourages people to vote with their feet to some of the smaller firms/the banks purposely restructuring to no longer be quite as large.
 
2013-04-30 07:04:26 PM  
I expect this to go nowhere, as is par with every meaningful legislation that has the slightest chance of making the country/world a better place at the expense of the status quo of some uber rich shiatheel.

cretinbob: [www.funnypicture.in image 594x401]


media.tumblr.com
 
2013-04-30 07:05:23 PM  

fusillade762: Is this the guy who was married to Jeri Ryan? Or am I thinking of a different Republican pervert?


That was Jack Ryan, son of Aon. He was into BDSM and exhibitionism with no word of any baby play fetish, but who knows with these guys?
 
2013-04-30 07:06:46 PM  

fusillade762: Is this the guy who was married to Jeri Ryan? Or am I thinking of a different Republican pervert?


Nah, that guy's name was Ryan, and he took her to bondage clubs, and tried to talk her into joining in on stage.
 
2013-04-30 07:19:19 PM  
Jeri Ryan in Bondage... go on.
 
2013-04-30 07:24:01 PM  

Jormungandr: Jeri Ryan in Bondage... go on.


She refused, and divorced him, when the fool wouldn't stop asking.
 
2013-04-30 07:31:45 PM  
If by some miracle this thing is passed, it will be utterly gutted and toothless (if not altered so much that it actually exacerbates the problem it was designed to fix).
 
2013-04-30 07:46:09 PM  
one slight problem with this: foreign megabanks.

specifically, the ability of American banks to compete with foreign banks who would not be burdened with these capital rules.

the smaller banks wouldn't be able to afford much of the assets that the majors would be selling off. but foreign megabanks can.

be careful what you wish for.
 
2013-04-30 08:01:16 PM  
Socialisms!!! Free Market! RINO!!
 
2013-04-30 08:06:21 PM  

Snapper Carr: If by some miracle this thing is passed, it will be utterly gutted and toothless (if not altered so much that it actually exacerbates the problem it was designed to fix).


Then I suggest you contact telephone your representative and demand otherwise.

This is the kind of legislation that can be supported by both Tea Partiers and normal people. If we can demonstrate that we're paying attention rather than being easily divided by wedge issues, you can believe that your Senator is going to pay attention.
 
2013-04-30 08:14:50 PM  
Fark needs a Snow Ball In Hell tag.
 
2013-04-30 08:27:54 PM  
He's just trolling for campaign contributions. As soon as the banks cough up $4 million for his next race, the bill will be titled "Big Bank Breakup Bill of 2013" the contents of which will regulate the crap out of small banks which will then allow the big banks to gobble them up cheaply and get bigger
 
2013-04-30 08:37:45 PM  

MisterRonbo: Doesn't have a chance in hell of passing.  Good idea, though.  Not only would it make these mega-banks far more stable, but it would also provide incentive for banks to remain smaller, as lower cap reserve requirements mean higher profit margins. Splitting up risk in to smaller chunks would be a good thing for our finance sector, and a greater number of players means a more efficient distribution of capital (less herd mentality).


I am not fully versed in Brown Vitter, and Yglesias is often reasonable. But that said, I think the "too big to fail" phobia is an obsession with no basis on reality. The interconnectedness of financial markets means we could just as easily have a crisis due to many small dominoes falling than just one or two big ones.

"too big to fail" is a favored target of teabaggers who hate govt intervention in anything and are willing to hurt the economy in their futile attempts to regulate it away.
 
2013-04-30 08:38:34 PM  

Thrag: If the sausage is made correctly, I care not which hands make it.


But what if that person has been touching their junk and didn't wash their hands before making the sausage?
 
2013-04-30 08:41:00 PM  

A Terrible Human: Thrag: If the sausage is made correctly, I care not which hands make it.

But what if that person has been touching their junk and didn't wash their hands before making the sausage?


How do you think good sausage gets that extra tang?
 
2013-04-30 08:46:57 PM  

A Terrible Human: Thrag: If the sausage is made correctly, I care not which hands make it.

But what if that person has been touching their junk and didn't wash their hands before making the sausage?


Then it's called haggis.
 
2013-04-30 09:05:03 PM  
Funny enough, it won't get past the Tea Party in the House.  (Which was created in response to the irresponsible use of tax dollars spent on bailing out the banks.)
 
2013-04-30 09:05:28 PM  
Expect Mr Vitter to be vigorously primaried in the next election
 
2013-04-30 09:11:07 PM  

historycat: Funny enough, it won't get past the Tea Party in the House.  (Which was created in response to the irresponsible use of tax dollars spent on bailing out the banks popularity of a Democratic presidential candidate.)


FTFY.
 
2013-04-30 09:24:11 PM  
What's the time?

25.media.tumblr.com
 
2013-04-30 09:28:57 PM  

SolomonKing: What's the time?


I see the gauntlet has been thrown...

www.mindhuestudio.com
 
2013-04-30 09:44:09 PM  

Debeo Summa Credo: MisterRonbo: Doesn't have a chance in hell of passing.  Good idea, though.  Not only would it make these mega-banks far more stable, but it would also provide incentive for banks to remain smaller, as lower cap reserve requirements mean higher profit margins. Splitting up risk in to smaller chunks would be a good thing for our finance sector, and a greater number of players means a more efficient distribution of capital (less herd mentality).

I am not fully versed in Brown Vitter, and Yglesias is often reasonable. But that said, I think the "too big to fail" phobia is an obsession with no basis on reality. The interconnectedness of financial markets means we could just as easily have a crisis due to many small dominoes falling than just one or two big ones.

"too big to fail" is a favored target of teabaggers who hate govt intervention in anything and are willing to hurt the economy in their futile attempts to regulate it away.


How about, instead of this, we reinstate Glass-Steagall? You know, take away the interconnectedness?
 
2013-04-30 10:23:40 PM  
My simple banking reform plan:

Asking Congress to bail out any private entity is punishable with a mandatory death sentence. Everything else would just work itself out from there.
 
2013-04-30 10:52:17 PM  

theorellior: SolomonKing: What's the time?

I see the gauntlet has been thrown...

[www.mindhuestudio.com image 545x720]


You just HAD to open Pandora's Box, huh? But this time, there is no Hope.
 
2013-04-30 11:19:28 PM  

cameroncrazy1984: Debeo Summa Credo: MisterRonbo: Doesn't have a chance in hell of passing.  Good idea, though.  Not only would it make these mega-banks far more stable, but it would also provide incentive for banks to remain smaller, as lower cap reserve requirements mean higher profit margins. Splitting up risk in to smaller chunks would be a good thing for our finance sector, and a greater number of players means a more efficient distribution of capital (less herd mentality).

I am not fully versed in Brown Vitter, and Yglesias is often reasonable. But that said, I think the "too big to fail" phobia is an obsession with no basis on reality. The interconnectedness of financial markets means we could just as easily have a crisis due to many small dominoes falling than just one or two big ones.

"too big to fail" is a favored target of teabaggers who hate govt intervention in anything and are willing to hurt the economy in their futile attempts to regulate it away.

How about, instead of this, we reinstate Glass-Steagall? You know, take away the interconnectedness?


Yeah, that would do no such thing. Lehman was an investment bank. Glass steagall would have had nothing to do with them.

Glass steagall is a red herring.
 
2013-04-30 11:26:47 PM  

Debeo Summa Credo: MisterRonbo: Doesn't have a chance in hell of passing.  Good idea, though.  Not only would it make these mega-banks far more stable, but it would also provide incentive for banks to remain smaller, as lower cap reserve requirements mean higher profit margins. Splitting up risk in to smaller chunks would be a good thing for our finance sector, and a greater number of players means a more efficient distribution of capital (less herd mentality).

I am not fully versed in Brown Vitter, and Yglesias is often reasonable. But that said, I think the "too big to fail" phobia is an obsession with no basis on reality. The interconnectedness of financial markets means we could just as easily have a crisis due to many small dominoes falling than just one or two big ones.

"too big to fail" is a favored target of teabaggers who hate govt intervention in anything and are willing to hurt the economy in their futile attempts to regulate it away.


You have no idea what you are talking about.
 
2013-04-30 11:30:03 PM  

Alphax: Jormungandr: Jeri Ryan in Bondage... go on.

She refused, and divorced him, when the fool wouldn't stop asking.


He was forced out of the race for one of Illinois's senate seats, being replaced by Alan Keyes on the Republican ticket. Keyes in turn lost to some unknown state senator named Barack Obama.
 
2013-04-30 11:31:05 PM  

Debeo Summa Credo: cameroncrazy1984: Debeo Summa Credo: MisterRonbo: Doesn't have a chance in hell of passing.  Good idea, though.  Not only would it make these mega-banks far more stable, but it would also provide incentive for banks to remain smaller, as lower cap reserve requirements mean higher profit margins. Splitting up risk in to smaller chunks would be a good thing for our finance sector, and a greater number of players means a more efficient distribution of capital (less herd mentality).

I am not fully versed in Brown Vitter, and Yglesias is often reasonable. But that said, I think the "too big to fail" phobia is an obsession with no basis on reality. The interconnectedness of financial markets means we could just as easily have a crisis due to many small dominoes falling than just one or two big ones.

"too big to fail" is a favored target of teabaggers who hate govt intervention in anything and are willing to hurt the economy in their futile attempts to regulate it away.

How about, instead of this, we reinstate Glass-Steagall? You know, take away the interconnectedness?

Yeah, that would do no such thing. Lehman was an investment bank. Glass steagall would have had nothing to do with them.

Glass steagall is a red herring.


Good God you are a complete moron.  It was Lehman's subprime mortgage branch that precipitated the fall.  That was BNC Mortgage.  Just shut up.
 
2013-05-01 12:12:46 AM  

Paris1127: Alphax: Jormungandr: Jeri Ryan in Bondage... go on.

She refused, and divorced him, when the fool wouldn't stop asking.

He was forced out of the race for one of Illinois's senate seats, being replaced by Alan Keyes on the Republican ticket. Keyes in turn lost to some unknown state senator named Barack Obama.


Yeah, that too, once the divorce reasons became public.
 
2013-05-01 12:17:10 AM  

Debeo Summa Credo: Yeah, that would do no such thing. Lehman was an investment bank. Glass steagall would have had nothing to do with them.

Glass steagall is a red herring.


Congratulations, yet another thing you demonstrate zero knowledge about.
 
2013-05-01 12:36:13 AM  

iaazathot: Debeo Summa Credo: cameroncrazy1984: Debeo Summa Credo: MisterRonbo:

<snip>

Yeah, that would do no such thing. Lehman was an investment bank. Glass steagall would have had nothing to do with them.

Glass steagall is a red herring.

Good God you are a complete moron

liar.  It was Lehman's subprime mortgage branch that precipitated the fall.  That was BNC Mortgage.  Just shut up.

FTFY
 
2013-05-01 01:51:50 AM  
FREEDOM
 
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