Banks win another round of lobbying

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The financial markets, to borrow a term from Fed Chairman Bernanke about the economy, are “unusually uncertain.” Yet on balance the greater volatility is not a category 5 event to worry about. That’s because global regulators are at the helm. They have too much invested in bailouts to let things go to hell now. As [...]

July 28, 2010 - Markets - 0 Comments

Now’s there’s Proof

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It is well known that Congress is paid by lobbyist to change bills proposed that have adverse consequences to business. Both Senator Christopher Dodd, Chairman of the Senate Banking Committee his counterpart Barney Frank in the House have adamantly claimed that these contributions never change their votes. SB has previously opined on the truthfulness of [...]

May 17, 2010 - Politics - 0 Comments

Financial Reform or Feel Good Reform?

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Senator Dodd is pushing his financial reform bill caving-in to the Fed’s request to be the super-regulator and ignoring the Fannie Mae, Freddie Mac quagmire. No doubt staying away from decisions on the GSE’s is related to debt acknowledgement on the US’s balance sheet but how in the world does anyone think serious reform of [...]

April 24, 2010 - Politics - 0 Comments

Dodd let history record his infamy

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Senator Christopher Dodd wants a legacy and one would think it would be not to be that of a hypocrit and sellout. The Democratic leader of the Senate Finance Committee has consistently spoke boldly about consumer protections when proposing legislation, only to open the doors and let lobyist rewrite and circumvent the protections he talked [...]

March 9, 2010 - Economy - 0 Comments

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