Rights are important, but sometimes I feel like they're a distraction from far bigger issues such as global warming and consolidation of wealth.
Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
You're damage controlling a bit too hard. Why would republicans fuck over women, minorities and LBGT? Sounds crazy.
Sweet ChristmasRights are important, but sometimes I feel like they're a distraction from far bigger issues such as global warming and consolidation of wealth.
Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
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Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
Rights are important, but sometimes I feel like they're a distraction from far bigger issues such as global warming and consolidation of wealth.
Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
Rights are important, but sometimes I feel like they're a distraction from far bigger issues such as global warming and consolidation of wealth.
Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
You're damage controlling a bit too hard. Why would republicans fuck over women, minorities and LBGT? Sounds crazy.
Sweet Christmas
Picking this guy is just going to make this trainwreck of an election even worse.
Rights are important, but sometimes I feel like they're a distraction from far bigger issues such as global warming and consolidation of wealth.
Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
I'm glad you see the LGBTQ community as disposable and unimportant. Appreciate it.Rights are important, but sometimes I feel like they're a distraction from far bigger issues such as global warming and consolidation of wealth.
Does it matter who you can marry or which bathroom you can enter when your existence is threatened?
aww he's not a junior member yet.
I worryDon't worry
HRC once again shows her true colors!
Don't worry
HRC once again shows her true colors!
HRC once again shows her true colors!
red, white, and blue?
Red, Green, and Black.
Green for that sweet lobbyist cash, red for the blood of the victims of Benghazi, and black for the dark abyss that 30,000 e-mails vanished into.
What exactly is this supposed to mean? Big banks don't carry a bigger risk to whom?Kaine, along with Sens. Mark Warner (D-Va.), Gary Peters (D-Mich.) and Robert Casey (D-Pa.), argues that bigger banks dont necessarily carry bigger risks, and thus shouldnt face more aggressive oversight.
What exactly is this supposed to mean? Big banks don't carry a bigger risk to whom?
fixed
Full article @source.Zach Carter, the Huffington Posts senior Political Economy reporter penned a piece about Tim Kaine supporting bank deregulation. He cited two letters, one that Kaine failed to sign and one that he did sign. They were on two different banking issues and it was disingenuous to conflate them to make Kaine look like he is for bank deregulation. Lets start with the first letter.
This was a letter to Richard Cordray, Director of the Consumer Financial Protection Board. The signers specifically expressed concern with small dollar loans, popularly known as payday lending. These loans often carry 300 percent interest, and 80 percent of borrowers roll them over into still more onerous payday loans when they fail to pay the original one back. One in five borrowers default on those loans. Yes, they are a bane on the banking industry and cause harm to poor people.
So those who signed the letter to Cordray asked that a proposed CFPB rule implement stronger regulations for these lending institutions, such as requiring them to consider the borrowers ability to pay and their loan history before making the loans. They also asked the CFPB to reconsider an exemption to the six-loan per year policy, further limiting the amount of loans borrowers can make in one year to less than the current six.
After reading the letter, I think its a good idea and agree with those who signed on. Unfortunately, Tim Kaine was not one of them. I think he should have been. I would be curious about why he didnt. I will get back to that point in a minute.
But the other example of being anti-regulation was an entirely different issue. That involved a request to the CFPB to tailor its rules to community banks and credit unions and not to hold them to the same standards as large multinational investment banks, such as Goldman Sachs. This issue very specifically involves the so-called stress tests to make sure that large investment banks have enough liquidity to survive a banking crisis like the one that caused the economic meltdown in 2008. The letter writers pointed out that community banks and credit unions had nothing to do with that economic crisis or the practices that caused it. In fact, most of these banks play a unique role in their communities, serving the needs of small businesses and individual borrowers. They are neither national nor global in scope. They are regional and usually involved in their communities.
All the letter asks is that Cordray and others involved in the rulemaking process consider the differences between community banks and credit unions versus the large national banks, including the levels of risk involved. Before a rule is applied across the board, an analysis of how burdensome that regulation is and how much risk is involved in not regulating should be made. All this letter asks is that those factors be taken into consideration. On that one, I think Tim Kaine and other signers, including Mark Warner, may be right.
Personally, I am all for regulating businesses and institutions to ensure safety, fairness, and a level playing field. I am far from an anti-regulatory, anti-government ideologue. But I am also not a knee jerk anti-business zealot either. If one particular rule is misplaced, burdensome, and doesnt solve a real need or mitigate an actual risk, it probably should not be implemented.
...
Right now, this is not a piece of solid reporting. It is an opinion piece or an editorial and not a particularly fair one either.
What exactly is this supposed to mean? Big banks don't carry a bigger risk to whom?
This would sound impressive if it wasn't ridiculous. Ugh.Red, Green, and Black.
Green for that sweet lobbyist cash, red for the blood of the victims of Benghazi, and black for the dark abyss that 30,000 e-mails vanished into.
So nice to see how many NeoGAF posters are like, "well, I guess racism and fascism is bad, but ultimately I care just as much about an esoteric banking regulation I don't understand."
As a person of color and second generation immigrant I really appreciate your support. Glad to see you guys are real progressives.
Also nice to see that people are still taking Team Alucard seriously even though he's a white nationalist who has been concern trolling the liberals all year.
Red, Green, and Black.
Green for that sweet lobbyist cash, red for the blood of the victims of Benghazi, and black for the dark abyss that 30,000 e-mails vanished into.