Courtesy of The Wall Street Journal:
“God’s plan is not for things to rise in autumn. As a matter of fact, that’s why we call it fall,” Mr. Sherman said during a House Financial Services Committee hearing with Ms. Yellen.
“Nor is it God’s plan for things to rise in the winter, through the snow,” he continued, forgetting, perhaps, that the Christmas rose and winter jasmine do quite well, snow notwithstanding.
Mr. Sherman then sought to bring Ms. Yellen closer to the divine.
“God’s plan is that things rise in the spring, and so if you want to be good with the Almighty, you might want to delay until May,” he said.
I'm sorry WTF?
As you may have gleaned Rep. Brad Sherman is a Democrat from California.
One would usually not expect a Democrat from California to invoke God in their arguments against raising the interest rate, but apparently Sherman did not get the memo.
I still would not place it in Ben Carson's Egyptian pyramid category, but it IS fairly nutty.
Just for fun watch the face of the guy right in front of Sherman around the 38 second mark as he starts talking about "God's plan." He looks to be desperately fighting to keep a straight face knowing full well that the C-Span cameras are pointed in his direction.
Morality is not determined by the church you attend nor the faith you embrace. It is determined by the quality of your character and the positive impact you have on those you meet along your journey
Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts
Thursday, November 05, 2015
Tuesday, December 04, 2012
In the much more important news of the day Elizabeth Warren gets a seat on the Senate's Banking Committee. Now we're talking!
Courtesy of Mother Jones:
Sen.-elect Elizabeth Warren (D-Mass.)—the visionary behind the Consumer Financial Protection Bureau, the former bailout watchdog, and no friend of Wall Street—has reportedly snagged a seat on the powerful Senate banking committee, which writes the regulations for the banking industry.
The Huffington Post, citing four sources "familiar with the situation," says Warren has locked up a seat on the committee. Politico confirmed the news soon after. Warren's spot on the committee must still be approved by the Senate Democratic caucus, which is expected to happen. The news comes after Mother Jones reported last month that big banks and their lobbyists in Washington were pushing to keep Warren off the committee.
Yeah I BET the banks were trying to keep her off of this committee.
Does ANYBODY think she is only going to act like a junior Senator and sit in the background waiting for the senior Senators to write the regulations in this committee?
Do you know what? Neither do the banks!
Sen.-elect Elizabeth Warren (D-Mass.)—the visionary behind the Consumer Financial Protection Bureau, the former bailout watchdog, and no friend of Wall Street—has reportedly snagged a seat on the powerful Senate banking committee, which writes the regulations for the banking industry.
The Huffington Post, citing four sources "familiar with the situation," says Warren has locked up a seat on the committee. Politico confirmed the news soon after. Warren's spot on the committee must still be approved by the Senate Democratic caucus, which is expected to happen. The news comes after Mother Jones reported last month that big banks and their lobbyists in Washington were pushing to keep Warren off the committee.
Yeah I BET the banks were trying to keep her off of this committee.
Does ANYBODY think she is only going to act like a junior Senator and sit in the background waiting for the senior Senators to write the regulations in this committee?
Do you know what? Neither do the banks!
Thursday, August 23, 2012
Gawker gets the goods! Update!
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"Wait, how did you guys get that?" |
Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.
Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.
Holy shit! This is an amazing get, and it is going to be BIG trouble for Romney going forward in this campaign.
You can read through many of these documents yourself by going here.
Let's put it this way, and I am sure this will be to the surprise of nobody, Mitt Romney has not been at all honest with the American people. And possibly not with his own church either.
Update: That last part might be the crux of Romney's fear about releasing his tax returns. Here is his latest argument against doing so:
"Our church doesn’t publish how much people have given," Romney tells Parade magazine in an edition due out Sunday. "This is done entirely privately. One of the downsides of releasing one’s financial information is that this is now all public, but we had never intended our contributions to be known. It’s a very personal thing between ourselves and our commitment to our God and to our church."
You know I have mentioned before that I thought the tithing that Romney has done to support his church, and the fact that he might have been less than forthcoming with them, was at the heart of his refusal to release his tax records. And now I believe that more than ever!
Labels:
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Saturday, May 12, 2012
Well it has been weeks, well past time for Sarah Palin to embarraass herself and the people who pay her speakers fee yet again. Update!
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She has never looked more lifelike! |
It's the last day of SALT, and this is probably by far the most ridiculous thing we've heard come out of the hedge fund conference, thanks to Lawrence Delevingne at AR.
You know I am still laboring under the assumption that they paid Palin to speak at this event purely in the interest of comic relief.
I mean these are intelligent people, hard to imagine many of them keeping a straight face while listening to the Lunatic from Lake Lucille.
There are more tweets at the link above.
Update: Apparently we have been led astray that Palin would be giving a speech at the SALT conference. According to the graphic displayed behind her she is only providing "REMARKS."
Like I said, comedy relief.
Labels:
1 percent,
business,
economy,
finance,
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