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Topic: Too big to maintain? |
Too big to maintain?
Human Events, by George Will
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Original Article
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Posted By:Photoonist, 10/14/2012 7:55:08 PM
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| Dallas - If in four weeks a president-elect Mitt Romney is seeking a Treasury secretary, he should look here, to Richard Fisher, president of the Federal Reserve Bank of Dallas. Candidate Romney can enhance his chance of having this choice to make by embracing a simple proposition from Fisher: Systemically important financial institutions (SIFIs), meaning too-big-to-fail (TBTF) banks, are “too dangerous to permit.” Romney almost did this in the first debate when he said Dodd-Frank’s designation of TBTF banks makes them “effectively guaranteed by the federal government” and constitutes “the biggest kiss that’s been given to — to New York
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Comments:
Anytime you pronounce any commercial enterprise to be ''too big to fail'' you are guaranteeing that it will become a parasite on the People and that the managers of that entity can dare to take greater, foolish risks because they have taxpayer insurance. I prefer the concept of ''too big not to learn to stand on your own.''
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Reply 1 - Posted by:
curious1, 10/14/2012 8:07:23 PM (No. 8933188)
Makes more sense to appoint Ron Paul and ask him to audit the fed and clean out the IRS. Don't let him near foreign policy.
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Reply 2 - Posted by:
RLowe, 10/14/2012 8:13:36 PM (No. 8933192)
Outstanding!
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Reply 3 - Posted by:
FenwayFrank, 10/14/2012 8:29:41 PM (No. 8933234)
The president of the Richmond Fed seems to have a brain too.
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Reply 4 - Posted by:
Passion, 10/14/2012 8:37:40 PM (No. 8933256)
1 with due respect, that does not make sense. First of all, Ron Paul is not the only human on the planet with correct assumptions on the Fed, but apparently you think he is. Second, it would freak the markets out to appoint Paul, which would be devastating for the entire economy. Third, Fisher is outstanding and agrees with Paul on many issues. And fourth, what doe the Fed have to do with the IRS in your world?
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Below, you will find ...
Most Recent Articles posted by "Photoonist"
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Most Recent Articles posted by "Photoonist"
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MA Senate: Elizabeth
Warren Defeats Scott Brown
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Townhall, by Daniel Doherty
Original Article
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Posted By: Photoonist- 11/6/2012 9:53:58 PM
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We at Townhall have been covering this hotly contested Senate race for months and the results are finally in: With 36 percent of precincts reporting, Elizabeth Warren has been declared the next junior Senator from Massachusetts. Warren has never held public office before and the eye-popping $40 million she raised this election cycle evidently proved more than enough to unseat incumbent Senator Scott Brown. This was the most expensive Senate race of 2012 -- by a long shot.
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Republicans lose ground
in bid to take over Senate
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NBC News, by M. ALex Johnson
Original Article
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Posted By: Photoonist- 11/6/2012 9:36:34 PM
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Former Gov. Angus King, running as an independent, won the Senate contest Tuesday in Maine, NBC News projected, taking a seat that had been held by the Republicans. The loss further complicated the party's drive to take control of the Senate (Snip) Republican Ted Cruz defeated Democrat Paul Sadler to hold the open seat in Texas, succeeding retiring Republican Kay Bailey Hutchison, NBC News projected. See results Democrats held small edges in two of the other states critical to the balance of power in the Senate: In Massachusetts, where Elizabeth Warren, a law professor at Harvard University, was leading Republican
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CNN Reports Romney Internal
Polling Shows Obama Leading In Ohio
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Mediaite, by Meenal Vamburkar
Original Article
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Posted By: Photoonist- 11/6/2012 9:23:34 PM
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CNN’s Peter Hamby reported that Mitt Romney‘s internal polling showed President Obama leading in Ohio by five percentage points.Per Hamby’s post: The number represented a sharp final bump for Obama in Ohio, a race that had essentially been a tied race through much of the previous week, according to the campaign’s daily tracking. The polling, which also showed a tight race in Pennsylvania, explains why Romney officials decided to send their candidate on last-minute Election Day visits to Cleveland and Pittsburgh.
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Obama adviser: 'They'll be counting
until 2 a.m.' in Florida
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Fox News, by Staff
Original Article
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Posted By: Photoonist- 11/6/2012 9:11:57 PM
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The Obama and Romney campaigns may be gearing up for a very late night, with one Obama campaign adviser predicting that in Florida alone, "they'll be counting until 2 a.m." The Obama adviser said signs suggest the race is quite tight, though the campaign claimed to be "holding strong" in key battlegrounds like Ohio, Pennsylvania and Wisconsin. The adviser also said turnout among black voters in Virginia was better than expected, suggesting that could be a problem for Mitt Romney. Republican operatives in Virginia, though, predicted a razor-thin victory for their candidate in the state.
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No surprises for Obama,
Romney in early projections
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CNN, by Tom Cohen
Original Article
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Posted By: Photoonist- 11/6/2012 9:02:23 PM
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Washington - Early returns on Tuesday in what is anticipated to be a dead even presidential election contained no surprises, as CNN projected President Barack Obama will win his home state of Illinois and eight other races while Republican challenger Mitt Romney will win nine states. All races called so far went as expected after the roller-coaster ride of an election campaign that was buffeted by a superstorm and missteps on both sides. Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political
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Exit polls 2012: Hurricane
Sandy not a factor
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Politico, by Emily Schultheis
Original Article
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Posted By: Photoonist- 11/6/2012 8:48:28 PM
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A week after Hurricane Sandy slammed into the East Coast, a majority of voters said President Barack Obama’s response to the crisis wasn’t a factor in their vote, according to early exit polls. Fifty-five percent of those surveyed, per CBS News’ early exit polling released by radio station WKZO in Kalamazoo, Mich., said Obama’s handling of the storm was a minor factor in their vote or wasn’t a factor at all. Twenty-six percent named Sandy as an “important” factor, and 15 percent said it was the “most important” factor in their decision.
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Exit polls 2012: Mitt Romney
winning independents
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Politico, by Emily Schultheis
Original Article
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Posted By: Photoonist- 11/6/2012 8:47:41 PM
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Mitt Romney is leading among independents in both Ohio and Virginia, early exit polls show. In Ohio, the former Massachusetts governor takes 56 percent of self-identified independents, compared with 40 percent for President Barack Obama. That’s a huge decrease for Obama from 2008, when the exit polls found him winning independents in Ohio by 12 points, 52 percent to 44 percent for John McCain. The numbers are similar but slightly tighter in Virginia: Romney takes 53 percent of independents there, according to ABC News exit polls, a 12-point lead over Obama. In 2008, Obama won independents in the state by
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Most Active Articles (last 48 hours)
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Analyze this
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Power Line, by Scott Johnson
Original Article
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Posted By: MissMolly- 5/19/2013 11:33:33 AM
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What did President Obama do on the evening of 9/11/12 when our men were under attack in Benghazi? The invaluable Andrew McCarthy reminds us that Obama and Secretary Clinton had a 10:00 p.m. phone call of which many (including, I think, Chris Wallace) have lost sight. This morning when Wallace asked Obama aide Dan Pfeiffer what Obama was up to that evening, Pfeiffer declared the line of inquiry “offensive.” Translation: Obama and his minions would prefer to “move on” and are warning the likes of FNC off:(Snip for video)The Weekly Standard’s Daniel Halper has posted the rush transcript
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Evidence emerges that Obama
administration official knew of
IRS targeting during 2012 campaign
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CBS News, by Margaret Brennan
Original Article
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Posted By: earlybird- 5/18/2013 9:01:39 PM
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WASHINGTON - There were new questions Saturday night concerning if anyone in the White House was aware of the IRS´ targeting of conservative groups. Inspector General Russell George said he informed a deputy at the Treasury Department in June of 2012 about the probe into the IRS. The Treasury Department confirmed the timeline but said they did not know the details of the investigation until last week.(Snip)Marcus Owens ran the tax-exempt division at the IRS for 10 years. He said it isn´t difficult to figure out who´s doing what at the agency.
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Watergate 2.0 -- why the
IRS scandal is far worse
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Fox News, by Matt Kibbe
Original Article
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Posted By: StormCnter- 5/18/2013 5:59:17 AM
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In the wake of one of the worst abuses of government power in recent history, many are rushing to frame the Internal Revenue Service scandal as simply an attack on conservative activists. That view risks creating a partisan political football and misses a fundamentally scarier abuse that exceeds the scandals of Watergate or any other prior government abuse. The IRS has admitted that since May 2010 it targeted grassroots-conservative organizations that had applied for tax-exempt status, unfairly subjecting them to rigorous scrutiny due to their political leanings. Such groups were told they were required to comply with IRS requests,
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Lew asks Congress for debt increase,
says it’s ´not open to debate´
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The Hill, by Peter Schoeder
Original Article
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Posted By: DW626- 5/18/2013 6:12:33 PM
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Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit and insisted that the White House is not going to negotiate over the increase because lawmakers have "no choice." "We will not negotiate over the debt limit," Lew wrote. "The creditworthiness of the United States is non-negotiable. The question of whether the country must pay obligations it has already incurred is not open to debate." Lew said that while President Obama is willing to discuss plans to reduce the nation´s deficit with Congress, those talks must be kept separate from any effort to raise the nation´s debt cap.
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Camelot Is Burning
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Breitbart´s Big Government, by Christopher Burton
Original Article
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Posted By: mitzi- 5/18/2013 8:16:11 PM
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It began in earnest last Friday. A flash mob of latte drinking, tofu eating media that has done its best to quell, rather than fan the flames of truth, turned on one of their own. Jay Carney lay bludgeoned at the base of the podium, a victim of friendly fire. Ironically, the attack was reminiscent of the one in Benghazi he has repeatedly denied the Administration he represents bears any responsibility for. “Changed twelve times?!” came the cries. And with good reason. We were misled; no, lied to.
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McCaskill Calls For Firing Of All
Involved In IRS Targeting Scandal
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KMOX [St, Louis], by Staff
Original Article
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Posted By: BuckeyeRon- 5/18/2013 2:46:31 PM
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Washington – Sen. Claire McCaskill, D-MO, issued a video statement Friday in response to reports that the Internal Revenue Service unfairly targeted conservative nonprofit groups. (Snip) “There’s a reason Lady Justice wears a blindfold in America. That is because in America, we don’t apply the law based on who you are, who you know, or what you believe. We apply the law equally.” “We should not only fire the head of the IRS, which has occurred, but we’ve got to go down the line and find every single person who had anything to do with this and make sure
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Higher-Ups Knew of IRS Case
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Wall Street Journal, by John D. McKinnon*
Original Article
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Posted By: Dreadnought- 5/17/2013 10:23:18 PM
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The Internal Revenue Service´s watchdog told top Treasury officials around June 2012 he was investigating allegations the tax agency had targeted conservative groups, for the first time indicating that Obama administration officials were aware of the explosive matter in the midst of the president´s re-election campaign. The disclosure to the Treasury general counsel and the deputy secretary was a cursory one, according to J. Russell George, the Treasury inspector general for tax administration. He said he didn´t reveal conclusions of the probe, which was in its early stages, and his disclosure came as part
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