The Public Banking Institute has announced that its third annual conference will be held in Detroit in 2014. This follows on its conferences in Philadelphia, Pennsylvania and San Rafael, California. All three sites were chosen strategically, as Philadelphia was where the Constitutional Convention took place, it was the original seat of the U.S. government, and […]
Before the end of the year, there's a bipartisan-- in the worst sense of the word-- push to renew tax breaks for special interests, generally special interests that bribe Members of Congress with massive campaign contributions.
If you're a regular DWT reader, you know better. Of course, virtually every Republican in Congress is a full on shill for Wall Street. It's part of their DNA. But it's part of the DNA of a significant chunk of the Democratic congressional caucus as well. When it comes to catering to Wall Street there is virtually no difference whatsoever between Republicans and New Dems. Yesterday, 70 Wall Street-oriented Democrats voted with all but 3 Republicans to pass H.R. 992, an amendment to gut a piece of the Dodd-Frank financial reform consumer protection act.
Tuesday saw two very important Senate votes. First came Harry Reid's cloture vote to end the nearly two year-long GOP filibuster of Richard Cordray's nomination to be Director of the Bureau of Consumer Financial Protection. The Republicans and their Wall Street masters don't want consumers protected from banksters and they oppose the Bureau itself and have blocked Cordray's appointment for that reason rather than because they found anything wrong with Cordray himself.
When Boehner and Cantor offer a motion to suspend the rules and pass a bill, requiring a 2/3's vote for passage, it doesn't mean the bill isn't controversial; it does mean there's huge bipartisan support for the bill though. And, more often than not, it means lobbyists have greased the way for passage.
Eliot Spitzer is feared and loathed by America's worst enemiesMonday evening, Ken took a long, insightful look at Eliot Spitzer's bid to become the third-ranking elected official in NYC.
NewWorldNextWeek.com: Episode160 -
Independent's Day, Hacking Hypocrisy, Vatican Arrests
Welcome to New World Next Week - the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week:
The Grayson Takano No Cuts letter is the gold standardThe House doesn't usually stay in sessions Fridays, let alone take serious votes, but this past Friday, as we mentioned yesterday, Boehner and Cantor kept the Members in town to repay a promise they had made to their Wall Street masters to further weaken the Dodd-Frank financial reform bill.
