So maddof has always claimed that the banks were in on his scheme? And now I'm reading JPMorgan is obstructing the investigation and maddof wants to testify to congress? Damn, is this going to be something good or just a storm in a ass of water?
So maddof has always claimed that the banks were in on his scheme? And now I'm reading JPMorgan is obstructing the investigation and maddof wants to testify to congress? Damn, is this going to be something good or just a storm in a ass of water?
The problem here is that you're proposing a constitutional crisis every time a president thinks a law is unconstitutional. This seems a little messy! Generally we try to construct our systems to limit constitutional crises, not to normalize them as part of governance.
Well the article claims he mentioned the banks as soon as he was arrested so my interest is piqued. Hard to imagine really but banks are fucked up places. You never know.It begs the question as to why they would obstruct. It could be that they just suspected something but had no proof and are afraid of having some sort of liability (the most likely reason), or they straight up helped him pull it off (unlikely as he would have thrown them under the bus a lot sooner).
Whistleblower of the century if true.So maddof has always claimed that the banks were in on his scheme? And now I'm reading JPMorgan is obstructing the investigation and maddof wants to testify to congress? Damn, is this going to be something good or just a storm in a ass of water?
It begs the question as to why they would obstruct. It could be that they just suspected something but had no proof and are afraid of having some sort of liability (the most likely reason), or they straight up helped him pull it off (unlikely as he would have thrown them under the bus a lot sooner).
In December 2010, David J. Sheehan, counsel to Mr. Picard, bluntly asserted that Mr. Madoff would not have been able to commit the massive Ponzi scheme without Chase. But with the case under seal on Dec. 2, there was no way to gauge the documentation on which Mr. Picard based his $6.4 billion in claims against the bank until the lawsuit was released in February 2011.
Internal bank documents showed that senior executives were suspicious of the Madoff enterprise. Prior to June 2007, a top private banking executive had been consistently steering clients away from investments linked to Mr. Madoff because his Oz-like signals were too difficult to ignore. And the first Chase risk analyst to look at a Madoff feeder fund, in February 2006, reported to his superiors that its returns did not make sense because it did far better than the securities that were supposedly in its portfolio.
Despite those suspicions and many more, the bank allowed Mr. Madoff to move billions of dollars of investors cash in and out of his Chase bank accounts right until the day of his arrest in December 2008 although by then, the bank had withdrawn all but $35 million of the $276 million it had invested in Madoff-linked hedge funds, according to the litigation.
According to the trustee, the flow of money just between the Madoff accounts and this customers accounts should have set off warning bells at the bank. On a single day in 2002, Mr. Madoff initiated 318 separate payments of exactly $986,301 to the customers account for no apparent reason, the trustee reported. In December 2001, Mr. Madoffs account received a $90 million check from the customers account on a daily basis, according to the lawsuit. The transfers should have caused the banks money-laundering software to start flashing, Mr. Picards complaint asserted.
For its part, Morgan denied that it had known about or played any role in Mr. Madoffs fraud and dismissed the claim that it turned a blind eye to his activities to retain income from his business.
Well the article claims he mentioned the banks as soon as he was arrested so my interest is piqued. Hard to imagine really but banks are fucked up places. You never know.
We took a brief look at the case in Biz Law and Ethics a semester back and one of the NY Times articles we looked at had this bit:
The bolded parts, to me, make their behavior a bit suspicious. Pulling all of your investments and steering people away from him seems like you know more than you're letting on.
So maddof has always claimed that the banks were in on his scheme? And now I'm reading JPMorgan is obstructing the investigation and maddof wants to testify to congress? Damn, is this going to be something good or just a storm in a ass of water?
Again, historical revisionism (though I'm guessing he's just being polite at a statue dedication, but Walesa has an interesting relationship with American conservatives, so there might be more to that), I can't speak of "levels of resonance", but Solidarity was formed before Reagan even took office, and by the time he made that quote, Lech Walesa somehow got himself motivated enough to get arrested fighting the communists.
Zsolt Németh credits Ronald Reagan with inspiring the Hungarian opposition movement he co-founded that threw off Soviet oppression in 1989...
This week, Németh, Hungary's deputy foreign minister, will join celebrations in Budapest and other Eastern European capitals observing Reagan's 100th birthday and his role in bringing down the Iron Curtain...
Németh says Reagan is admired across Eastern Europe because he told the truth about the oppression of communism and stood up to the Soviet Union despite its nuclear arsenal, hastening its demise. Inspired by Reagan, Németh in 1988 helped found FIDESZ, the Alliance of Young Democrats, now the country's ruling party.
"This opposition was fueled by the fact that in the West, there was truth, political leaders who don't compromise and turn upside down what was true," Németh said in an interview. "Reagan was that type of politician."
I want this guy as my friend.I said goddamn!
No one with half a brain feared him to begin with.Don't fear Carson anymore. You're not gonna win a national election trying to tie gay marriage to NAMBLA and Bestiality.
It wasn't dissidents in Hungary, it was the government, and there wasn't really a revolution there, they opened the border to Austria which was a monumental event in the fall of the soviet block, but the Russians pretty much left on their own.It is not hard to find Eastern European dissidents who praise Pres. Reagan's importance to their cause. It's not likely that they're all in the tank for the Republican party or just being nice.
Not true.Regarding détente: even Pres. Carter gave up on it after the Soviets invaded Afghanistan in 1979. Pres. Reagan did not kill it and prolong the Cold War for a decade.
I can't believe Georgia is so low on Nate Silver's list. We have Atlanta and then a number of medium sized cities like Savannah and Athens which are heavily liberal.
It wasn't dissidents in Hungary, it was the government, and there wasn't really a revolution there, they opened the border to Austria which was a monumental event in the fall of the soviet block, but the Russians pretty much left on their own.
And more importantly, I really think that bringing flattering quotes from random people in eastern Europe at Reagan memorials it's not the best way to assess his contribution to the fall of the soviet block.
Not true.
Carter had to ramp up his anti-soviet rhetoric leading up to the '80 election, but it was mostly as a reaction to Reagan and his merry band of chicken littles.
Carter signed SALT II and didn't withdraw for it even after Afghanistan, it was Reagan who unilaterally broke that treaty (and we know now it was because of some baseless bullshit).
Honestly, it's weird to even see that point being argued, that was the main thing Reagan campaigned on in '80, you know "detente is what the farmer has with the turkey before thanksgiving" and all that jazz.
Sure, in retrospect the idea that the USSR was secretly preparing for a surprise attack against the US in the 80s is silly, but pretending the Reagan didn't believe in it and campaign on it is even sillier.
I never claimed Reagan isn't loved in Poland, I claimed that the soviet block would've collapsed just fine without him.Lech Walesa is not a random person. There are Reagan statues and streets named after him in Eastern Europe, and prominent people there who were involved in the fall of the Soviet Bloc credit his contribution to their cause. It is likely that the people who live there and experienced it firsthand have a better perspective on Pres. Reagan's contributions to the fall of the Soviet Bloc than his domestic political opponents. (Unless Team B orchestrated it all before it started planning 9/11).
MADISON, Wis. (AP) -- New quarterly figures from the U.S. Bureau of Labor Statistics Thursday showed Wisconsin has dropped to 44th in the nation for creating private-sector jobs.
The data covered the year that ended in September, and reflected a recent steady decline. Wisconsin ranked 42nd for the year that ended in June, and 37th for the year that ended in March 2012
.
The report was based on a survey of 96 percent of all American non-farm employers, public and private.
The report said other Midwestern states are performing better than Wisconsin. Indiana ranked 11th, Michigan 13th and Ohio 24th.
Gov. Scott Walker promised in the 2010 campaign, and has reiterated since, that he will create 250,000 private sector jobs by the end of 2014. He was about 212,500 jobs short of meeting that target at the end of 2012.
I'm not going to laugh because I'd rather Wisconsonians find jobs even if it's under the watch of an idiot, but yeah good job, good effort Walker.
Their unemployment rate is 6.7. Not surprising that a state with low UE would be low on job creation
Wisconsin's unemployment rate rose sharply for the second consecutive month to 7.2% in February from 7.0% in January and 6.7% in December, according to preliminary estimates released Thursday by the state Department of Workforce Development.
The agency also reported that Wisconsin lost an estimated 2,300 private-sector jobs in February from January.
What the hell does Thomas do? He certainly doesn't give any indication he so much as thinks; he seems to exist solely to rubber stamp the conservative bench. Has he written any minority/majority opinions recently?Yep--that's insane, isn't it?
I'm not going to laugh because I'd rather Wisconsonians find jobs even if it's under the watch of an idiot, but yeah good job, good effort Walker.
What the hell does Thomas do? He certainly doesn't give any indication he so much as thinks; he seems to exist solely to rubber stamp the conservative bench. Has he written any minority/majority opinions recently?
I never claimed Reagan isn't loved in Poland, I claimed that the soviet block would've collapsed just fine without him.
I also think that he probably delayed it for about a decade.
Not sure how that's a counterpoint.
p.s.
You should really read about team b if you think this is some sort of conspiracy theory, those idiots could've got us into war.
I'm not going to laugh because I'd rather Wisconsonians find jobs even if it's under the watch of an idiot, but yeah good job, good effort Walker.
I never claimed Reagan isn't loved in Poland, I claimed that the soviet block would've collapsed just fine without him.
I also think that he probably delayed it for about a decade.
Yes,and Lech Walesa and other Eastern European dissidents directly contradict that. I will defer to their expertise on the matter.
Yes,and Lech Walesa and other Eastern European dissidents directly contradict that. I will defer to their expertise on the matter.
I'm not going to laugh because I'd rather Wisconsonians find jobs even if it's under the watch of an idiot, but yeah good job, good effort Walker.
If the US were shedding jobs under Obama's watch you'd be writing his political obituary. Oh wait, you do that anyway.Their unemployment rate is 6.7. Not surprising that a state with low UE would be low on job creation
If the president believes that a law is unconstitutional, why shouldn't there be a "constitutional crisis" (a term which sounds much more exciting than it is)? Our goal shouldn't be to limit constitutional crises, but to limit the imposition or enforcement of unconstitutional acts.
As for Obama's approach with DOMA (continuing to enforce the law but refusing to defend it in court), it's clear that it is less effective at getting an opinion from the Supreme Court than a complete refusal to enforce the law would have been. If Joe the IRS auditor feels that he is being forced by presidential order to violate the law by recognizing a same-sex marriage, then clearly Joe has standing and the courts can reach the merits of DOMA; Obama's method left the door open for the Court to dismiss without reaching the merits, limiting the effect of the ruling.
Finally, just as a personal matter, do you really prefer a president who enforces what he believes to be unconstitutional laws over a president who refuses to?
robert bolt said:Roper: So now you'd give the Devil benefit of law!
More: Yes. What would you do? Cut a great road through the law to get after the Devil?
Roper: I'd cut down every law in England to do that!
More: Oh? And when the last law was down, and the Devil turned round on you where would you hide, Roper, the laws all being flat? This country's planted thick with laws from coast to coast man's laws, not God's and if you cut them down and you're just the man to do it d'you really think you could stand upright in the winds that would blow then? Yes, I'd give the Devil benefit of law, for my own safety's sake.
It's straightforwardly not the job of the executive branch to determine the constitutionality of laws. We have a whole other branch to do only that. If the president starts doing it, what if SCOTUS disagrees with him? And what if the president refuses to change his mind?
Yes, and in your example, the choice is no longer between striking down DOMA or dismissing the case and allowing the plaintiff to prevail anyway, it's between striking down DOMA or finding the president guilty of malfeasance.
What happens if SCOTUS makes a finding that the president should be impeached and Congress fails to do it? We don't have good answers for all these questions, that's why it's called a constitutional crisis!
I do prefer a president who adheres to separation of powers over a president that doesn't, yes. I remember George W.'s signing statements all too well.
John Marshall said:Certainly all those who have framed written Constitutions contemplate them as forming the fundamental and paramount law of the nation, and consequently the theory of every such government must be that an act of the Legislature repugnant to the Constitution is void.
It begs the question as to why they would obstruct. It could be that they just suspected something but had no proof and are afraid of having some sort of liability (the most likely reason), or they straight up helped him pull it off (unlikely as he would have thrown them under the bus a lot sooner).
How did you determine the likeliness/unlikeness of the scenarios?
Being honest what alternative do Wisconsin Democrats have? I can't think of anyone that can challenge him.Yeah, it really sucks. I'm thankful I found a good gig and am now eagerly helping a small business become something that will someday be a pretty large business here in Wisconsin. I just wish others did, because then my good gig would be even better (since they'd have the money to spend at my place!)
It's really just awful how badly we've done compared to everyone else. PD can sit there and say yeah it's because we were doing alright to begin with. Sure, but Walker promised much more, and any way you slice it getting worse is literally worse. You can't tell me he's got good policies if they're making things worse. You just can't. And hopefully Walker can't tell anyone that when he tries to run and people point to the fact that he has barely done shit in this state besides piss people off.
Being honest what alternative do Wisconsin Democrats have? I can't think of anyone that can challenge him.
Uh, it's 7.2%.
So was Walker's win in 2010, a reaction to Obama's presidency?
Reagan was already drawing back by the end of his term and started talking to people.Question I've always had on the Cold War. Bush 1 drew back from Reagans overt hawkish stance didn't he?
It is not hard to find Eastern European dissidents who praise Pres. Reagan's importance to their cause. It's not likely that they're all in the tank for the Republican party or just being nice.
But that is not what bankrupted the USSR.
Did you guys see Obama's gun speech today?
http://www.youtube.com/watch?feature=player_embedded&v=Ajd7DDBHNis
I haven't seen him be that emotional in a while. Powerful stuff.