so today i learnt that in australian parliament last friday we had a vote on bank regulation??? i think it was bank regulation
and anyway the number of seats held by each party is really close so if they do a vote everyone has to be there or they’ll lose
but this week a bunch of guys from the opposition announced “fuck it, whatever, we’ll lose, we’re going home” and they got a bunch of suitcases and left
so then a bunch of guys from the main party were like “well if they’re not here we can go home too! sweet! early weekend” and they all got on planes and flew home
except the opposition guys didn’t actually leave. they just drove in a little circle in their taxis and then snuck back in to vote, and the main party guys didn’t know until they were already in the air
so long story short i think we have some new bank regulations, also our parliament is made of five-year-olds
After news broke Wednesday that five of the biggest banks in the nation were still “too big to fail,” Sen. Elizabeth Warren is once again sounding the alarm about the scourge on our system. In a Facebook post, Warren called out those who have tried to deflect the blame and pointed to a new "giant, flashing" warning sign.”
What they say:
Andrew Jackson paid off the national debt.
What they mean:
Nicholas Biddle managed and regulated the Bank of the United States so perfectly that Andrew Jackson was able to pay off the debt. Then Jackson killed the national bank, sending the United States into the worst economic depression it had ever seen to that point. Without regulation, state banks spread mass inflation, and speculation abounded unchecked. Unemployment was high. And the national debt ballooned back tenfold in just the first year.
FDIC Vice Chairman Thomas Hoenig outlines a proposal to amend banking regulation that changes the structure of banks and explains why he is not a fan of Basel regulations. He speaks with Bloomberg’s Kathleen … Read more
“There are so many horrible things about to happen when he takes office and has BOTH the Senate and Congress backing him…we’re all fucked. Climate Change, equal rights, banking regulations, EPA, Abortion rights, healthcare, gay marriage…on top of him using the position to take vengeance on anyone who has opposed him…first amendment rights, those are gonna be gone…we’re fucked…grab your loved ones and hold on.
If you voted for Trump…well…there’s a lot I would like to say to you, but you’ve proven that your hate will prevent it from being heard. End any contact with me. I don’t wish to know you.”