I’ve been writing for a long time about how the Cult of Diversity is one of the best things ever to happen to billionaires (besides having billions, of course). Now, Hillary has taken up my argument and is using it in her speeches, just from the billionaires’ point of view. From the New York Times on 2/13/16:
“If we broke up the big banks tomorrow,” Mrs. Clinton asked the audience of black, white and Hispanic union members, “would that end racism? Would that end sexism? Would that end discrimination against the L.G.B.T. community?,” she said, using an abbreviation for lesbian, gay, bisexual and transgender. “Would that make people feel more welcoming to immigrants overnight?”
At each question, the crowd called back with a resounding no.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328299
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328308
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328321
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328323
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328325
Yes. And now it is becoming clearer why the oligarchs want to import as many of these types of voters into the prized nations of the West as possible. With a such a constituency it will just take a couple of Judas goats like Hillary to give the oligarchs carte blanche.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328327
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can't even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980's and 90's? It happened because 3,234 institutions are hard to control; 1,043 "little banks" failed and caused the recession of late 80's and early 90's (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
The only argument for breaking up big banks I've seen is that any bank so big it can't be allowed to fail should be broken up into smaller banks that can be allowed to fail. An alternative is to regulate big banks like public monopolies--the city water company is too big and important to fail, too.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328329
It works on even the people that see it. Steve is an intellectual so he hates businessman. He wants a strong white culture but where is any power supposed to come from if a group gives up trying to win? Almost every win at some point derives from strong businessmen.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328341
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328343
That’s unreal. Of course it could really be used as a retort for any policy under deliberation. For example, would raising the tax rates end racism? Would that end sexism? Would that end discrimination against the L.G.B.T. community? Would that make people feel more welcoming to immigrants overnight?
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328347
Are Democrats really this stupid? She used an obvious rhetorical ploy to get her audience to support big banks.
Are Democrats really this stupid?
Yes. And now it is becoming clearer why the oligarchs want to import as many of these types of voters into the prized nations of the West as possible. With a such a constituency it will just take a couple of Judas goats like Hillary to give the oligarchs carte blanche.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328349
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328350
Even in her death throes, the Lady Macbeth of Chappaqua cannot seem to make a cogent argument for why she should be president – if Bill stops sinning, will I be elected president?
And the answer rode to her ears on a thundering wave, a resounding NO!
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328368
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328380
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328388
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328392
In this country, NAMs have always been the rich white man’s best allies. Wittingly or not.
Fight the power! [by helping Wall Street] Fight the power! [by voting for a rich old white woman with a penchant for foreign wars] Fight the power! [by supporting the life partner/enabler of a markedly disingenuous, sleazy, chase the secretary 'round the desk kind of creep] Fight the power! [by choosing a candidate who gets advice from Henry Kissinger and is unapologetic about it]
The sleaziest 1920′s Mississippi sheriff got nothing on black quasi-preachers, aged black women, gay bourgeois and Boomer cat ladies when it comes to political cynicism.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328395
Documents from the 90s indicate that Hillary was really uncomfortable with the whole gay rights thing. Is this her true self? Or is she just good at knowing which way the winds are blowing?
I'm not at all convinced that Hillary values anything that doesn't help to increase her own power and wealth. She'd probably let you set her own daughter on fire in exchange for enough votes.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328417
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328427
Yes. And now it is becoming clearer why the oligarchs want to import as many of these types of voters into the prized nations of the West as possible. With a such a constituency it will just take a couple of Judas goats like Hillary to give the oligarchs carte blanche.
Agreed.
But I would also include all the GOP candidates with the exception of Trump that are as much a Judas goat as Hillary.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328428
“If you elect me,” screeched Hillary, “would that end racism? Would that end sexism? Would that end discrimination against the L.G.B.T. community? Would that make people feel more welcoming to immigrants overnight?”
No, because no one will ever admit that those battles are already won.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328445
To be fair to Hillary, breaking up big banks won't solve whatever it is you consider real problems either.
Nor will it really inconvenience billionaires.
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can’t even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980′s and 90′s? It happened because 3,234 institutions are hard to control; 1,043 “little banks” failed and caused the recession of late 80′s and early 90′s (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
The deregulation of S&Ls in 1980, by the Depository Institutions Deregulation and Monetary Control Act signed by President Jimmy Carter on March 31, 1980, gave them many of the capabilities of banks without the same regulations as banks, without explicit FDIC oversight.
-the wikipedia article you citeYeah clearly the S&L crisis shows that it's impossible to regulate small banks. Nothing as simple and obvious as it being impossible to regulate banks that aren't actually being subject to any regulations.
No one is saying that the big banks have to be broken up into so many tiny banks that there would be too many banks to monitor. What they are wanting is for the big banks that have been declared 'too big to fail' be broken up into somewhat smaller units that are no longer 'too big to fail', so that when one of these banks is in jeopardy, the taxpayers don't have to bail it out.
Oh, boy! What have we here? A Goldman-Sachs troll? Ha, ha! That's a first.
Anyone remember the Savings and Loans Crisis of the 1980′s and 90′s? It happened because 3,234 institutions are hard to control ...
Yeah, I remember it well. I remember that those 3,234 institutions were liquidated by the Resolution Trust Corporation without any noticeable effect on the rest of the economy.
Care to try gain, Mr. Blankfein? (http://www.rollingstone.com/politics/news/the-vampire-squid-tells-us-how-to-vote-20160205)
So you don't think there was any causality between deregulating the banks and S&L's and the changes to depreciation schedules and allowable deductions in the 1986 Tax Reform Act, and the shortly subsequent real estate crisis and banking debacle?
"If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can’t even be supervised and prosecuted when they commit crimes."
Wow - that's insanely dense. 3,000 banks is too many, and yet somehow the IRS doesn't seem to have a problem finding me (among 320 million other people) when I underpay my taxes by $12.
3,000 banks sounds like a lot. The government has several million civilian employees to accomplish the task. I'm sure they're up to it. Besides that, it doesn't really matter if you divide a particular industry 50 ways or 5,000 ways. The industry will still be roughly as large and contain roughly as many employees. When it comes to regulating an industry, it's the total size and scope of the industry that matters, not the number of unique institutions.
Yeah, it happened because Reagan cut funding for the regulators of the thrifts to the point of it being non-existent and the Garn - St Germain Depository Institutions Act of 1982 which allowed the problems of the thrift industry to linger on and bleed into the commercial banking industry which formerly had a monopoly on commercial lending. Now the banks and thrifts were in a race to the bottom as far as banking standards went (sound familiar). Prior to this act in order to get financing for an new office building, for example, a bank would require 20-30% equity by the principal and signed lease agreements. By the time this race was in full swing banks were lending 100% on spec. Developers were building ever more ridiculous monuments to their egos with expensive accouterments that ballooned the costs of these buildings to the point that they would ever make economic sense 1982-1985 Reductions in the Bank Board's regulatory and supervisory staff. In 1983, a starting S&L examiner is paid $14,000 a year. Major provisions include: elimination of deposit interest rate ceilings; elimination of the previous statutory limit on loan to value ratio; and expansion of the asset powers of federal S&Ls by permitting up to 40% of assets in commercial mortgages, up to 30% of assets in consumer loans, up to 10% of assets in commercial loans, and up to 10% of assets in commercial leases.https://www.fdic.gov/bank/historical/sandl/
Before thrifts were allowed to "grow their way out of their problems" with "reforms" during the Carter and especially the Reagan administrations, regulation was as simple as pie or maybe you forgot all those jokes about bankers hours.
Back then all a thrift could do was make residential real estate loans which were single family houses and housing blocks with under 4 units. That is why you see so many 4 blocks in the older parts of a city. You tend to see them as the duplex on the bottom floor and the duplexes on the top or the 4 townhouse unit like the Monopoly game apartments.
The thrifts took in deposits and made safe well documented home loans. They paid out more in interest than banks and charged less for home loans. That was their niche and the commercial banks got the rest.
As long as interest rates stayed constant and low everything was fine. They started offering assumable mortgages just before interest rates went haywire and money market funds started sucking away their deposits.
Unless the bank is involved in criminal activity, how difficult is it to determine if the bank is solvent when you only have a few main variables in a linear equation? You have your depositors accounts and the interest rate. You have the home loans and the interest rate. You have your costs and the amount of money you have set aside for loan losses. You have the number of problem loans and a reasonable determination of what the default rate will be and the percentage of the loan recoverable in foreclosure. There isn't much more than that.
The problem was that the House of Representatives biggest source of campaign cash was S&Ls which were usually smallish 1-3 branch office operations. Carter was supposedly given a report that it would cost 15 billion to wind down all the bad thrifts and roll the whole industry up. The FSLIC would have had more money for that operation but the deposit insurance rate had been reduced at the behest of the industry many years before. The roll-up wasn't popular with the thrift owners, many who would be wiped out if they were insolvent beyond all reasonable help.
As is usual they turn to the "experts" from the industry who deduce that the way out is to allow thrifts to branch out and make new loans so that the old assumable mortgages would be a much smaller percentage of their whole portfolio. When Carter's deregulation didn't fix the problem they do what they always do and dig the hole deeper. This also makes regulation a lot tougher since the mix of loans is more complex. Now add in a gutted regulatory agency, the ability to accept deposits from anywhere in the country, and sleazy developers buying thrifts so they can have their own private piggy bank and you get the mess it became.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328448
Documents from the 90s indicate that Hillary was really uncomfortable with the whole gay rights thing. Is this her true self? Or is she just good at knowing which way the winds are blowing?
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328473
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328474
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can't even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980's and 90's? It happened because 3,234 institutions are hard to control; 1,043 "little banks" failed and caused the recession of late 80's and early 90's (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
The deregulation of S&Ls in 1980, by the Depository Institutions Deregulation and Monetary Control Act signed by President Jimmy Carter on March 31, 1980, gave them many of the capabilities of banks without the same regulations as banks, without explicit FDIC oversight.
-the wikipedia article you cite
Yeah clearly the S&L crisis shows that it’s impossible to regulate small banks. Nothing as simple and obvious as it being impossible to regulate banks that aren’t actually being subject to any regulations.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328477
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328482
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can't even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980's and 90's? It happened because 3,234 institutions are hard to control; 1,043 "little banks" failed and caused the recession of late 80's and early 90's (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
No one is saying that the big banks have to be broken up into so many tiny banks that there would be too many banks to monitor. What they are wanting is for the big banks that have been declared ‘too big to fail’ be broken up into somewhat smaller units that are no longer ‘too big to fail’, so that when one of these banks is in jeopardy, the taxpayers don’t have to bail it out.
"What they are wanting is for the big banks that have been declared ‘too big to fail’ be broken up into somewhat smaller units that are no longer ‘too big to fail’,..........."
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328485
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328489
"Made her" take her clothes off? If the late 20th Century taught me anything, it's that girls will take off all their clothes, outside, in public, for photos (or just casual delectation), for damn near anything: art, civil rights, slut walks, peace rallies, rock concerts, anything. All they need is some authority figure to tell them it's OK, and they'll get nekkid as a jaybird.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328516
antiracism is a very young religion. The dogmas are still crude. Maybe in some decades the coming Jesuits of Antiracism my find at least more complex and interesting interpretations of their faith
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328553
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328558
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328560
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328567
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328573
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328577
Well voting for Hillary won’t get rid of racism or sexism either, and in fact will only increase the latter, so by her argument we shouldn’t vote for her.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328610
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328616
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can't even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980's and 90's? It happened because 3,234 institutions are hard to control; 1,043 "little banks" failed and caused the recession of late 80's and early 90's (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
Oh, boy! What have we here? A Goldman-Sachs troll? Ha, ha! That’s a first.
Anyone remember the Savings and Loans Crisis of the 1980′s and 90′s? It happened because 3,234 institutions are hard to control …
Yeah, I remember it well. I remember that those 3,234 institutions were liquidated by the Resolution Trust Corporation without any noticeable effect on the rest of the economy.
No Troll; Just a former RTC contractor who worked on the liquidating end of RTC. When I saw the documentation of the liquidating S&Ls, it was worse than what you may find in any 3rd world bank. When they saw it, the regulators would write a strong warning that would be ignored. Corruption, fraud etc. was widespread. FIN regulation is not like policing, there is a high degree of trust that the bank officials are basically honest. They can't "regulate" like a prosecutor and have any bank do its job.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328630
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328638
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can't even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980's and 90's? It happened because 3,234 institutions are hard to control; 1,043 "little banks" failed and caused the recession of late 80's and early 90's (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
epebble:
So you don’t think there was any causality between deregulating the banks and S&L’s and the changes to depreciation schedules and allowable deductions in the 1986 Tax Reform Act, and the shortly subsequent real estate crisis and banking debacle?
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328659
EXCLUSIVE: ‘He put on my frilly nightie, and danced around playing his sax.’ Former Miss Arkansas says Bill Clinton was so-so in bed and confided Hillary was into sex with women. Now she fears Hillary vendetta and sleeps with loaded semi-automatic
No wonder Hillary has been so adamant in trying to force gay pride parades down the throat of various reluctant east European countries. As time goes on these two seem sleazier and sleazier. We had George Washington once, now we have a running freak show.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328664
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328672
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328701
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328723
In my hopeful moments I wonder whether the last 8 years (I’m including the election season) has soured a majority of the American electorate on identity politics to a degree that Hillary would be rejected. It’s been so downright exhausting, and I have to wonder whether continuing the grinding (this time with sex in place of race) would be enough of a turn off to people to preclude a Hillary administration.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328730
No one is saying that the big banks have to be broken up into so many tiny banks that there would be too many banks to monitor. What they are wanting is for the big banks that have been declared 'too big to fail' be broken up into somewhat smaller units that are no longer 'too big to fail', so that when one of these banks is in jeopardy, the taxpayers don't have to bail it out.
“What they are wanting is for the big banks that have been declared ‘too big to fail’ be broken up into somewhat smaller units that are no longer ‘too big to fail’,………..”
Banks just don't fail and disappear. The FDIC takes control, determines what is good and what is bad, then goes out and looks for buyers. This is where the failing big banks can easily be broken up. Lets say Citibank fails. The FDIC can sell it off anyway it likes. Banks are always selling off part of their loan portfolios or large sections of their branch network. The FDIC can put up for auction all New York deposits, loans and assets and only those. Another New York bank would buy them and it would be like two small New York banks merging.
The Fed was afraid of all the derivative exposure these banks had which really should have been zero. Imagine all the contracts they had written against loans defaulting that did go bad but where they didn't have the capital to pay off on. The bank holding companies would have been fighting it out in bankruptcy court.
I think this should have happened anyway because there is a difference between the bank and the bank holding company. It is probably messy legally, and I don't know the particulars, but the FDIC could probably have stepped in and told the holding company - tough luck we have the bank you have the derivative contracts.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328737
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can't even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980's and 90's? It happened because 3,234 institutions are hard to control; 1,043 "little banks" failed and caused the recession of late 80's and early 90's (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
“If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can’t even be supervised and prosecuted when they commit crimes.”
Wow – that’s insanely dense. 3,000 banks is too many, and yet somehow the IRS doesn’t seem to have a problem finding me (among 320 million other people) when I underpay my taxes by $12.
3,000 banks sounds like a lot. The government has several million civilian employees to accomplish the task. I’m sure they’re up to it. Besides that, it doesn’t really matter if you divide a particular industry 50 ways or 5,000 ways. The industry will still be roughly as large and contain roughly as many employees. When it comes to regulating an industry, it’s the total size and scope of the industry that matters, not the number of unique institutions.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328759
From February 2001 to May 2015, Bill and Hillary Clinton, uh, “earned” a total of (at least) $153.7 million in speaking fees. Bill gave 637 speeches averaging $211k each and Hillary gave 92 speeches averaging $235k each. Not sure if that counts a couple of colleges where she was shamed into donating the money to charity (mostly their own foundation).
The article’s title implies it documents all of their speaking gigs, but it actually only “documents” $7.7 million worth that they gave to a few large banks (Goldman Sachs, Morgan Stanley, etc.) Here’s another link that documents all their gigs, but only since 2013.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328770
Oh, boy! What have we here? A Goldman-Sachs troll? Ha, ha! That's a first.
Anyone remember the Savings and Loans Crisis of the 1980′s and 90′s? It happened because 3,234 institutions are hard to control ...
Yeah, I remember it well. I remember that those 3,234 institutions were liquidated by the Resolution Trust Corporation without any noticeable effect on the rest of the economy.
Care to try gain, Mr. Blankfein? (http://www.rollingstone.com/politics/news/the-vampire-squid-tells-us-how-to-vote-20160205)
No Troll; Just a former RTC contractor who worked on the liquidating end of RTC. When I saw the documentation of the liquidating S&Ls, it was worse than what you may find in any 3rd world bank. When they saw it, the regulators would write a strong warning that would be ignored. Corruption, fraud etc. was widespread. FIN regulation is not like policing, there is a high degree of trust that the bank officials are basically honest. They can’t “regulate” like a prosecutor and have any bank do its job.
FIN regulation is not like policing, there is a high degree of trust that the bank officials are basically honest. They can’t “regulate” like a prosecutor and have any bank do its job.
Is it a law of nature that regulators have to rely on bankers' honesty for compliance, or can you imagine a system where regulators were regularly inspecting banks' books and where responsible executives of banks would be locked up behind bars for the rest of their lives?
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328823
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can't even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980's and 90's? It happened because 3,234 institutions are hard to control; 1,043 "little banks" failed and caused the recession of late 80's and early 90's (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
Yeah, it happened because Reagan cut funding for the regulators of the thrifts to the point of it being non-existent and the Garn – St Germain Depository Institutions Act of 1982 which allowed the problems of the thrift industry to linger on and bleed into the commercial banking industry which formerly had a monopoly on commercial lending. Now the banks and thrifts were in a race to the bottom as far as banking standards went (sound familiar). Prior to this act in order to get financing for an new office building, for example, a bank would require 20-30% equity by the principal and signed lease agreements. By the time this race was in full swing banks were lending 100% on spec. Developers were building ever more ridiculous monuments to their egos with expensive accouterments that ballooned the costs of these buildings to the point that they would ever make economic sense
1982-1985 Reductions in the Bank Board’s regulatory and supervisory staff. In 1983, a starting S&L examiner is paid $14,000 a year.
Major provisions include: elimination of deposit interest rate ceilings; elimination of the previous statutory limit on loan to value ratio; and expansion of the asset powers of federal S&Ls by permitting up to 40% of assets in commercial mortgages, up to 30% of assets in consumer loans, up to 10% of assets in commercial loans, and up to 10% of assets in commercial leases.
"the Garn – St Germain Depository Institutions Act of 1982 which allowed the problems of the thrift industry to linger on and bleed into the commercial banking industry"
Indeed. Jake Garn, the sponsor of that bill, retired in disgrace at the end of his 1992 term for a bill that cost the US a fraction of what the real estate bubble would cost the US just 16 years later. In 1992 there was still this vaguely ridiculous notion called "accountability" (you can look it up in the OED or somewhere - I think it's a myth) and Garn knew he'd lose if he didn't retire.
The guy who replaced him was Robert Bennett, a childhood friend (they both attended East High and the University of Utah), and Bennett lived in an era when the myth of accountability had finally died. Bennett and his allies and fellow RINOs all thought it was preposterous to hold politicians accountable for their actions, and Bennett was only chased out of the Senate at point of pitchfork. The RINO Establishment is still bitter at the indignity of being held "accountable."
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328865
Documents from the 90s indicate that Hillary was really uncomfortable with the whole gay rights thing. Is this her true self? Or is she just good at knowing which way the winds are blowing?
I’m not at all convinced that Hillary values anything that doesn’t help to increase her own power and wealth. She’d probably let you set her own daughter on fire in exchange for enough votes.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328922
They divide and conquer because it works. Big companies have played this game for years. Your company makes you go to diversity training not because it promotes harmony (the stated purpose) but because it creates tension (the actual purpose).
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329030
It works on even the people that see it. Steve is an intellectual so he hates businessman. He wants a strong white culture but where is any power supposed to come from if a group gives up trying to win? Almost every win at some point derives from strong businessmen.
The stated reason your company sends you to diversity training: to promote harmony.
The actual reason your company send you to diversity training: to create tension and suspicion
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329033
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can't even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980's and 90's? It happened because 3,234 institutions are hard to control; 1,043 "little banks" failed and caused the recession of late 80's and early 90's (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
Before thrifts were allowed to “grow their way out of their problems” with “reforms” during the Carter and especially the Reagan administrations, regulation was as simple as pie or maybe you forgot all those jokes about bankers hours.
Back then all a thrift could do was make residential real estate loans which were single family houses and housing blocks with under 4 units. That is why you see so many 4 blocks in the older parts of a city. You tend to see them as the duplex on the bottom floor and the duplexes on the top or the 4 townhouse unit like the Monopoly game apartments.
The thrifts took in deposits and made safe well documented home loans. They paid out more in interest than banks and charged less for home loans. That was their niche and the commercial banks got the rest.
As long as interest rates stayed constant and low everything was fine. They started offering assumable mortgages just before interest rates went haywire and money market funds started sucking away their deposits.
Unless the bank is involved in criminal activity, how difficult is it to determine if the bank is solvent when you only have a few main variables in a linear equation? You have your depositors accounts and the interest rate. You have the home loans and the interest rate. You have your costs and the amount of money you have set aside for loan losses. You have the number of problem loans and a reasonable determination of what the default rate will be and the percentage of the loan recoverable in foreclosure. There isn’t much more than that.
The problem was that the House of Representatives biggest source of campaign cash was S&Ls which were usually smallish 1-3 branch office operations. Carter was supposedly given a report that it would cost 15 billion to wind down all the bad thrifts and roll the whole industry up. The FSLIC would have had more money for that operation but the deposit insurance rate had been reduced at the behest of the industry many years before. The roll-up wasn’t popular with the thrift owners, many who would be wiped out if they were insolvent beyond all reasonable help.
As is usual they turn to the “experts” from the industry who deduce that the way out is to allow thrifts to branch out and make new loans so that the old assumable mortgages would be a much smaller percentage of their whole portfolio. When Carter’s deregulation didn’t fix the problem they do what they always do and dig the hole deeper. This also makes regulation a lot tougher since the mix of loans is more complex. Now add in a gutted regulatory agency, the ability to accept deposits from anywhere in the country, and sleazy developers buying thrifts so they can have their own private piggy bank and you get the mess it became.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329045
Before thrifts were allowed to "grow their way out of their problems" with "reforms" during the Carter and especially the Reagan administrations, regulation was as simple as pie or maybe you forgot all those jokes about bankers hours.
Back then all a thrift could do was make residential real estate loans which were single family houses and housing blocks with under 4 units. That is why you see so many 4 blocks in the older parts of a city. You tend to see them as the duplex on the bottom floor and the duplexes on the top or the 4 townhouse unit like the Monopoly game apartments.
The thrifts took in deposits and made safe well documented home loans. They paid out more in interest than banks and charged less for home loans. That was their niche and the commercial banks got the rest.
As long as interest rates stayed constant and low everything was fine. They started offering assumable mortgages just before interest rates went haywire and money market funds started sucking away their deposits.
Unless the bank is involved in criminal activity, how difficult is it to determine if the bank is solvent when you only have a few main variables in a linear equation? You have your depositors accounts and the interest rate. You have the home loans and the interest rate. You have your costs and the amount of money you have set aside for loan losses. You have the number of problem loans and a reasonable determination of what the default rate will be and the percentage of the loan recoverable in foreclosure. There isn't much more than that.
The problem was that the House of Representatives biggest source of campaign cash was S&Ls which were usually smallish 1-3 branch office operations. Carter was supposedly given a report that it would cost 15 billion to wind down all the bad thrifts and roll the whole industry up. The FSLIC would have had more money for that operation but the deposit insurance rate had been reduced at the behest of the industry many years before. The roll-up wasn't popular with the thrift owners, many who would be wiped out if they were insolvent beyond all reasonable help.
As is usual they turn to the "experts" from the industry who deduce that the way out is to allow thrifts to branch out and make new loans so that the old assumable mortgages would be a much smaller percentage of their whole portfolio. When Carter's deregulation didn't fix the problem they do what they always do and dig the hole deeper. This also makes regulation a lot tougher since the mix of loans is more complex. Now add in a gutted regulatory agency, the ability to accept deposits from anywhere in the country, and sleazy developers buying thrifts so they can have their own private piggy bank and you get the mess it became.
Inflation caused a lot of problems for the old simple regulatory system. It made a good excuse.
My guess is the offer of assumable mortgages was like getting a toaster when you opened a bank account. It was a sweetener that was assumed to cost next to nothing. If interest rates never change nobody will assume an old mortgage and takes on a high interest second if they are well qualified for a new first mortgage. Once the interest rates went crazy and all those "no money down" scamsters started appearing the thrifts couldn't get rid of those loans whose market value was less than half of what was owed without taking a big hit to their capital reserves. Now all those thrifts were technically insolvent.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329053
"What they are wanting is for the big banks that have been declared ‘too big to fail’ be broken up into somewhat smaller units that are no longer ‘too big to fail’,..........."
The alternative is to just let the bank fail.
Banks just don’t fail and disappear. The FDIC takes control, determines what is good and what is bad, then goes out and looks for buyers. This is where the failing big banks can easily be broken up. Lets say Citibank fails. The FDIC can sell it off anyway it likes. Banks are always selling off part of their loan portfolios or large sections of their branch network. The FDIC can put up for auction all New York deposits, loans and assets and only those. Another New York bank would buy them and it would be like two small New York banks merging.
The Fed was afraid of all the derivative exposure these banks had which really should have been zero. Imagine all the contracts they had written against loans defaulting that did go bad but where they didn’t have the capital to pay off on. The bank holding companies would have been fighting it out in bankruptcy court.
I think this should have happened anyway because there is a difference between the bank and the bank holding company. It is probably messy legally, and I don’t know the particulars, but the FDIC could probably have stepped in and told the holding company – tough luck we have the bank you have the derivative contracts.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329061
Inflation caused a lot of problems for the old simple regulatory system. It made a good excuse.
My guess is the offer of assumable mortgages was like getting a toaster when you opened a bank account. It was a sweetener that was assumed to cost next to nothing. If interest rates never change nobody will assume an old mortgage and takes on a high interest second if they are well qualified for a new first mortgage. Once the interest rates went crazy and all those “no money down” scamsters started appearing the thrifts couldn’t get rid of those loans whose market value was less than half of what was owed without taking a big hit to their capital reserves. Now all those thrifts were technically insolvent.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329065
No Troll; Just a former RTC contractor who worked on the liquidating end of RTC. When I saw the documentation of the liquidating S&Ls, it was worse than what you may find in any 3rd world bank. When they saw it, the regulators would write a strong warning that would be ignored. Corruption, fraud etc. was widespread. FIN regulation is not like policing, there is a high degree of trust that the bank officials are basically honest. They can't "regulate" like a prosecutor and have any bank do its job.
FIN regulation is not like policing, there is a high degree of trust that the bank officials are basically honest. They can’t “regulate” like a prosecutor and have any bank do its job.
Is it a law of nature that regulators have to rely on bankers’ honesty for compliance, or can you imagine a system where regulators were regularly inspecting banks’ books and where responsible executives of banks would be locked up behind bars for the rest of their lives?
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329095
If the late 20th Century taught me anything, it’s that girls will take off all their clothes, outside, in public, for photos (or just casual delectation), for damn near anything: art, civil rights, slut walks, peace rallies, rock concerts, anything.
All they need is some authority figure to tell them it’s OK, and they’ll get nekkid as a jaybird.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329136
Admittedly this is the Daily Mail – fairly right-wing and inclined to dislike Hillary Clinton. However, the author is ex-BBC and does not share that bias.
He recounts an interview with Hillary after she lost the Democratic nomination to Barack Obama in 2008.
‘How do you feel?’ was my imaginative question. But it was enough. The woman let rip. Ghastly, she said. Devastated. Bitter. In fact, she told me: ‘I was raped as a teenager but I have never felt as violated as I do today.’
My jaw dropped. We couldn’t use her comments on the news. Too tasteless and offensive, particularly given the racial tinge — the victor being a black man and Hillary a white woman — but those words have stuck with me since.
The MSM is mendacious in “not being able to use” self-destructive comments by a mainstream politician, while gleefully reporting every faux pas by Donald Trump, Nigel Farage, et al. The writer is not describing his own bias, but his knowledge of what his superiors in London would run.
Hillary’s racism and sense of entitlement would be enough to end the career of a conservative candidate.
‘I was raped as a teenager but I have never felt as violated as I do today.’
This person is an unreliable sociopathic liar. Remember her claim to have dodged bullets at a Bosnian airport when video showed no such thing? What's real and what's fake with this person?
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329258
I’m sure this has been brought up but this is exactly the Cabin Boy parable of Ted Kaczynski. This is exactly it, exactly why “we” try to get people to read Kaczynski, it’s like hearing her unironically talk about goodbellyfeel.
Tldr Cabin Boy: A crazy cruise ship crew avoids meaningful criticism about their insane Arctic heading by promising each separate minority meaningless privileges and slightly less hurtful new group words.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329337
Yeah, it happened because Reagan cut funding for the regulators of the thrifts to the point of it being non-existent and the Garn - St Germain Depository Institutions Act of 1982 which allowed the problems of the thrift industry to linger on and bleed into the commercial banking industry which formerly had a monopoly on commercial lending. Now the banks and thrifts were in a race to the bottom as far as banking standards went (sound familiar). Prior to this act in order to get financing for an new office building, for example, a bank would require 20-30% equity by the principal and signed lease agreements. By the time this race was in full swing banks were lending 100% on spec. Developers were building ever more ridiculous monuments to their egos with expensive accouterments that ballooned the costs of these buildings to the point that they would ever make economic sense 1982-1985 Reductions in the Bank Board's regulatory and supervisory staff. In 1983, a starting S&L examiner is paid $14,000 a year. Major provisions include: elimination of deposit interest rate ceilings; elimination of the previous statutory limit on loan to value ratio; and expansion of the asset powers of federal S&Ls by permitting up to 40% of assets in commercial mortgages, up to 30% of assets in consumer loans, up to 10% of assets in commercial loans, and up to 10% of assets in commercial leases.https://www.fdic.gov/bank/historical/sandl/
“the Garn – St Germain Depository Institutions Act of 1982 which allowed the problems of the thrift industry to linger on and bleed into the commercial banking industry”
Indeed. Jake Garn, the sponsor of that bill, retired in disgrace at the end of his 1992 term for a bill that cost the US a fraction of what the real estate bubble would cost the US just 16 years later. In 1992 there was still this vaguely ridiculous notion called “accountability” (you can look it up in the OED or somewhere – I think it’s a myth) and Garn knew he’d lose if he didn’t retire.
The guy who replaced him was Robert Bennett, a childhood friend (they both attended East High and the University of Utah), and Bennett lived in an era when the myth of accountability had finally died. Bennett and his allies and fellow RINOs all thought it was preposterous to hold politicians accountable for their actions, and Bennett was only chased out of the Senate at point of pitchfork. The RINO Establishment is still bitter at the indignity of being held “accountable.”
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329412
To be fair to Hillary, breaking up big banks won't solve whatever it is you consider real problems either.
Nor will it really inconvenience billionaires.
The only argument for breaking up big banks I’ve seen is that any bank so big it can’t be allowed to fail should be broken up into smaller banks that can be allowed to fail. An alternative is to regulate big banks like public monopolies–the city water company is too big and important to fail, too.
An alternative is to regulate big banks like public monopolies–the city water company is too big and important to fail, too.
I think that's the way to go. Small banks can and do cause systemic risks by failing, for example the US did have huge waves of interrelated bank runs and bankruptcies among the many thousands of small financial institutions in the early 1930s, and actually Lehman itself wasn't so big. It was a middling financial institution, not nearly as big as the biggest ones.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329533
Admittedly this is the Daily Mail - fairly right-wing and inclined to dislike Hillary Clinton. However, the author is ex-BBC and does not share that bias.
He recounts an interview with Hillary after she lost the Democratic nomination to Barack Obama in 2008.
‘How do you feel?’ was my imaginative question. But it was enough. The woman let rip. Ghastly, she said. Devastated. Bitter. In fact, she told me: ‘I was raped as a teenager but I have never felt as violated as I do today.’
My jaw dropped. We couldn’t use her comments on the news. Too tasteless and offensive, particularly given the racial tinge — the victor being a black man and Hillary a white woman — but those words have stuck with me since.
The MSM is mendacious in "not being able to use" self-destructive comments by a mainstream politician, while gleefully reporting every faux pas by Donald Trump, Nigel Farage, et al. The writer is not describing his own bias, but his knowledge of what his superiors in London would run.
Hillary's racism and sense of entitlement would be enough to end the career of a conservative candidate.
Raped as a teenager? Has Hillary ever mentioned that in some other occasion?
I think if a journalist debunked it, it would discourage other women from coming forward with their stories, so it shouldn't be investigated any further.
Raped as a teenager? Has Hillary ever mentioned that in some other occasion?
She and everyone else had to pose for those freshman nudie shots at Wellesley. It's not rape, but does give off some of the same fumes as sexual assault.More Cosbyish than Clintonesque.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329539
EXCLUSIVE: 'He put on my frilly nightie, and danced around playing his sax.' Former Miss Arkansas says Bill Clinton was so-so in bed and confided Hillary was into sex with women. Now she fears Hillary vendetta and sleeps with loaded semi-automatic
No wonder Hillary has been so adamant in trying to force gay pride parades down the throat of various reluctant east European countries. As time goes on these two seem sleazier and sleazier. We had George Washington once, now we have a running freak show.
Well, there’s a mental image that will stick around all day.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329563
It’s interesting to ask whether someone like Goldman or Citibank is too big to fail because of the strain their failure would put on the economy, or because of their connections and large number of favors their top people can call in. There might be advantages in breaking up the biggest banks either way, but the likely outcome is different for the two different reasons.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329566
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329762
The only argument for breaking up big banks I've seen is that any bank so big it can't be allowed to fail should be broken up into smaller banks that can be allowed to fail. An alternative is to regulate big banks like public monopolies--the city water company is too big and important to fail, too.
An alternative is to regulate big banks like public monopolies–the city water company is too big and important to fail, too.
I think that’s the way to go. Small banks can and do cause systemic risks by failing, for example the US did have huge waves of interrelated bank runs and bankruptcies among the many thousands of small financial institutions in the early 1930s, and actually Lehman itself wasn’t so big. It was a middling financial institution, not nearly as big as the biggest ones.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329773
Raped as a teenager? Has Hillary ever mentioned that in some other occasion?
I think if a journalist debunked it, it would discourage other women from coming forward with their stories, so it shouldn’t be investigated any further.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329778
Raped as a teenager? Has Hillary ever mentioned that in some other occasion?
Raped as a teenager? Has Hillary ever mentioned that in some other occasion?
She and everyone else had to pose for those freshman nudie shots at Wellesley. It’s not rape, but does give off some of the same fumes as sexual assault.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329793
Admittedly this is the Daily Mail - fairly right-wing and inclined to dislike Hillary Clinton. However, the author is ex-BBC and does not share that bias.
He recounts an interview with Hillary after she lost the Democratic nomination to Barack Obama in 2008.
‘How do you feel?’ was my imaginative question. But it was enough. The woman let rip. Ghastly, she said. Devastated. Bitter. In fact, she told me: ‘I was raped as a teenager but I have never felt as violated as I do today.’
My jaw dropped. We couldn’t use her comments on the news. Too tasteless and offensive, particularly given the racial tinge — the victor being a black man and Hillary a white woman — but those words have stuck with me since.
The MSM is mendacious in "not being able to use" self-destructive comments by a mainstream politician, while gleefully reporting every faux pas by Donald Trump, Nigel Farage, et al. The writer is not describing his own bias, but his knowledge of what his superiors in London would run.
Hillary's racism and sense of entitlement would be enough to end the career of a conservative candidate.
‘I was raped as a teenager but I have never felt as violated as I do today.’
This person is an unreliable sociopathic liar. Remember her claim to have dodged bullets at a Bosnian airport when video showed no such thing? What’s real and what’s fake with this person?
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329850
‘I was raped as a teenager but I have never felt as violated as I do today.’
This person is an unreliable sociopathic liar. Remember her claim to have dodged bullets at a Bosnian airport when video showed no such thing? What's real and what's fake with this person?
She was no longer a teenager when she met Bill Clinton..So it wasn’t Bill who raped her.. Sounds fishy.
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1330790
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1356342
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1362100
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1400724
The ATLANTIC: Liberal Supreme Court Justices Should Use Broadway Musical “Hamilton” to Retcon the Constitution | VDARE - premier news outlet for patriotic immigration reform
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1443004
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1443247
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1478266
[…] Democrats love unions, even unions closely aligned with Democrats, only in as much as they’re GOTV fodder and red team bashing fodder, and as long as the unions’ interests don’t collide with the interests of the Democrats’ billionaire donors. If they do collide, then the Democrats as a party will side with the billionaires, then start screaming about social justice to distract the unions and anyone else so concerned. […]
These buttons register your public Agreement, Disagreement, or LOL with the selected comment. They are only available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also only be used once per hour.
Sharing Comment via Twitter http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1512967
I'm baffled that Cruz is not aligning himself with Trump in someway. He might be a SCOTUS candidate?!? Who knows? He has the biting tongue and the meanness that is necessary to thwart some of those liberals on the bench.
Guys, don't waste your time on this Ron. He's just an irritant like Poison Ivy ( few posts for a short time is always a dead giveaway ). I cut tedious people out of my life a long time ago.
The neo-Nazis being no different than the Left's Black Liberationists, most of whom loathe the Nice White Ladies. You don't get to pick and choose the people moving in the same direction.
And yet, in the past the US was much more relaxed about borders. People would go back and forth from Canada (and yes Mexico) at will and in some small towns on the Vermont/Quebec border the borders ran right thru the middle of town and sometimes thru the middle of buildings. Until the border was ...
Exactly. For a couple years, Obama was offering up as his "birth certificate" a laser-printed (!) thing the State of Hawaii produced very recently attesting that they had his real birth certificate...somewhere.
And the press was gaslighting anyone who had the temerity to point out that laser ...
Maybe Clinton can start with laws that segregate whites from people of color so they can no longer cause them harm. Whites would be forced to live in their own cities and towns, attend their own schools, and work at their own businesses. Let's see how they like that!
Yeah, people like that spread out everywhere. It's easy for them to rule in the provinces.
BTW I think the real Americans in places like Arkansas are wiser and better souls than Clintons and Rockefellers, and Ivy Leagers are "soft in the head," as Nixon said.
It's just that folks everywher...
"Rights" are meaningful only insofar as they can be enforced in a court of law. There is no (effective) court of law for adjudicating national existence. In the absence of an effective world justice system (which will probably never exist), the "right" to national existence is enforced the same w...
Fox News still presents the story as if BLM's claim that Scott was holding a book deserves equal consideration with the police assertion that he had a gun. Fox calls the riots "protests," and the thugs burning, looting, and attacking the police "protestors." Fox gives way too much air time to peo...
It's really frightening. I had relatives who lived in Rialto, California and family friends who lived in Norcross, Georgia back in the Sixties through the late Seventies. I visited both places when I was a kid and they were nice middle-class places.
I've read about both places in the past f...
Apparently there is now an African American set-aside for MacArthur awards. It appears that the criteria for winning is is similar to that for Acadamy Awards, i.e., "Never go full retard."
In the case of the MacArthurs, full retard would be, "“Burnin’ down shit ain’t going to help nothin...
OT, but the mayor of Sacramento assaulting a pie-thrower...
http://m.eastbayexpress.com/SevenDays/archives/2016/09/21/sacramento-mayor-kevin-johnson-hit-in-face-with-cake-at-event-assaults-protester-in-bloody-scene
...reminds me of this scene from Larry David's "Curb your Enthusiasm" where ...
It can't be forgotten that Trump returned to the technicality issue with Ted Cruz-Canada and to a much lesser extent Marco Rubio-Cuba.
I recall one pundit making a valiant effort to weave these strands together to make the case Trump was a racist engaging in "otherism", but mostly the pundits ...
We already operate something similar to a “skimming the cream” policy with Hindu Indians. I don’t really think this has much of anything to do with India’s many dysfunctions.
India has something on order of 0.7 physicians per capita while the USA, which takes Indian doctors, has ove...
No it wasn't wishful thinking - it was an attempt at dirty politics. When Democrats are losing, they always play dirty and go negative. Hillary is very frustrated - for the 2nd time in a row, she has thrown dirt on her opponent and it hasn't stuck. The usual tricks aren't working.
The Zeroeth Amendment is signified by the Ohio Hillary campaign symbol O--|--|--> (as shown in that tweet), which represents everyOne in the world passing through barriers of racism and religious hatred to reach America where they belong.
Maybe I can, by speaking directly to white people, say, ‘Look, this is not who we are.’ We have to do everything possible to improve policing, to go right at implicit bias.
The could be the beginning of a fun new game: Hillary Clinton or Paul Ryan?
Maybe she can also speak to the black cops who have been shooting black perps. Tell them, "next time a brother points a gun at you, let him shoot you. Let him get at least one round off before you return fire. Once he has shot you, not even his family can complain anymore (nor will they get a ...
"I’m trying to figure out whether the author is actually making a–subtle–dig at Genius Claudia."
No. That entry was written by a black. Subtle digs are a white thing.
There is an American tradition (https://en.wikipedia.org/wiki/Chester_A._Arthur) of casting aspersions on the early life and personal conduct of your opponents, and I actually think the birtherism stuff is mild given that Obama's father, leaving aside his race, was a politician in another country...
iSteve: Perhaps on the Wrong Side of History, but on the right side of reality.
Email me at SteveSlr *at* aol*dot*com (make the obvious substitutions between the asterisks; you don’t have to capitalize an email address, I just included the capitals to make clear the logic — it’s my name without a space and without the vowels in “Sailer” that give so many people, especially irate commenters, trouble.)
iSteve Panhandling
Steve Sailer
I always appreciate my readers’ help, especially monetary. Here’s how you can help:
First: You can use PayPal (non-tax deductible) by going to the page on my old blog here. PayPal accepts most credit cards. Contributions can be either one-time only, monthly, or annual.
Steve Sailer
P.O Box 4142
Valley Village, CA 91617-0142
Third: You can make a tax deductible contribution via VDARE by clicking here. (Paypal and credit cards accepted, including recurring “subscription” donations.) Note: the VDARE site goes up and down on its own schedule, so if this link stops working, please let me know.
I’m using Coinbase as a sort of PayPal for Bitcoins.
The IRS has issued instructions regarding Bitcoins. I’m having Coinbase immediately turn all Bitcoins I receive into U.S. dollars and deposit them in my bank account. At the end of the year, Coinbase will presumably send me a 1099 form for filing my taxes.
Payments are not tax deductible.
Below are links to two Coinbase pages of mine. This first is if you want to enter a U.S. dollar-denominated amount to pay me.
Fifth: if you have a Wells Fargo bank account, you can transfer money to me (with no fees) via Wells Fargo SurePay. Just tell WF SurePay to send the money to my ancient AOL email address steveslrAT aol.com — replace the AT with the usual @). (Non-tax deductible.) There is no 2.9% fee like with PayPal or Google Wallet, so this is good for large contributions.
Sixth: if you have a Chase bank account (or even other bank accounts), you can transfer money to me (with no fees) via Chase QuickPay (FAQ). Just tell Chase QuickPay to send the money to my ancient AOL email address (steveslrATaol.com — replace the AT with the usual @). If Chase asks for the name on my account, it’s StevenSailer with an n at the end of Steven. (Non-tax deductible.) There is no 2.9% fee like with PayPal or Google Wallet, so this is good for large contributions.
Steve Sailer
Seventh: send money via the Paypal-like Google Wallet to my Gmail address(that’s isteveslrATgmail .com — replace the AT with a @). (Non-tax deductible.)
Here’s the Google Wallet FAQ. From it: “You will need to have (or sign up for) Google Wallet to send or receive money. If you have ever purchased anything on Google Play, then you most likely already have a Google Wallet. If you do not yet have a Google Wallet, don’t worry, the process is simple: go to wallet.google.com and follow the steps.” You probably already have a Google ID and password, which Google Wallet uses, so signing up Wallet is pretty painless.
You can put money into your Google Wallet Balance from your bank account and send it with no service fee.
Or you can send money via credit card (Visa, MasterCard, AmEx, Discover) with the industry-standard 2.9% fee. (You don’t need to put money into your Google Wallet Balance to do this.)
Google Wallet works from both a website and a smartphone app (Android and iPhone — the Google Wallet app is currently available only in the U.S., but the Google Wallet website can be used in 160 countries).
Or, once you sign up with Google Wallet, you can simply send money via credit card, bank transfer, or Wallet Balance as an attachment from Google’s free Gmail email service. Here’s how to do it.
RSS
Don’t leave us hanging: did she look like more like a schnauzer or more like a pug?
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328299
If we broke up the big banks tomorrow, would that bring John Lennon back? Would it cure asthma? Would it cure AIDS? Etc.
Little kids formulate more intelligent arguments than this when they’re trying to get out of being punished.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328308
She’s right. Government and big business can help protect the rights of people of color
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328321
I’m going to report you to the ASPCA for that remark.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328323
Wow.
So, Hillary issues a “Checkers Speech” in a cynical attempt to cover up diversity.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328325
Are Democrats really this stupid? She used an obvious rhetorical ploy to get her audience to support big banks.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328327
To be fair to Hillary, breaking up big banks won’t solve whatever it is you consider real problems either.
Nor will it really inconvenience billionaires.
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328329
The game is as old as time. Divide and conquer.
It works on even the people that see it. Steve is an intellectual so he hates businessman. He wants a strong white culture but where is any power supposed to come from if a group gives up trying to win? Almost every win at some point derives from strong businessmen.
The actual reason your company send you to diversity training: to create tension and suspicion
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328341
The Cult of Diversity is good for business.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328343
That’s unreal. Of course it could really be used as a retort for any policy under deliberation. For example, would raising the tax rates end racism? Would that end sexism? Would that end discrimination against the L.G.B.T. community? Would that make people feel more welcoming to immigrants overnight?
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328347
Yes. And now it is becoming clearer why the oligarchs want to import as many of these types of voters into the prized nations of the West as possible. With a such a constituency it will just take a couple of Judas goats like Hillary to give the oligarchs carte blanche.
But I would also include all the GOP candidates with the exception of Trump that are as much a Judas goat as Hillary.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328349
MadLibs
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328350
Even in her death throes, the Lady Macbeth of Chappaqua cannot seem to make a cogent argument for why she should be president – if Bill stops sinning, will I be elected president?
And the answer rode to her ears on a thundering wave, a resounding NO!
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328368
Liberal Dilbert guy blog is funny with his rejection of Hillary because she’s biased against men. As if that’s a new wrinkle for the Donks.
White, straight men who have been voting Democrat anytime after the 1990′s are questionable. After 2000′s they are flat out cucks.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328380
White, straight men who have been voting Democrat anytime after the 1990's are questionable. After 2000's they are flat out cucks.
Or, they’re mega-rich alpha males who are cucking the rest of us
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328388
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328392
In this country, NAMs have always been the rich white man’s best allies. Wittingly or not.
Fight the power! [by helping Wall Street] Fight the power! [by voting for a rich old white woman with a penchant for foreign wars] Fight the power! [by supporting the life partner/enabler of a markedly disingenuous, sleazy, chase the secretary 'round the desk kind of creep] Fight the power! [by choosing a candidate who gets advice from Henry Kissinger and is unapologetic about it]
The sleaziest 1920′s Mississippi sheriff got nothing on black quasi-preachers, aged black women, gay bourgeois and Boomer cat ladies when it comes to political cynicism.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328395
Documents from the 90s indicate that Hillary was really uncomfortable with the whole gay rights thing. Is this her true self? Or is she just good at knowing which way the winds are blowing?
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328417
“Hillary Pulls Off the Mask”
Someone translated her campaign book and it turned out to mean “To Serve Man”.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328427
Agreed.
But I would also include all the GOP candidates with the exception of Trump that are as much a Judas goat as Hillary.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328428
“If you elect me,” screeched Hillary, “would that end racism? Would that end sexism? Would that end discrimination against the L.G.B.T. community? Would that make people feel more welcoming to immigrants overnight?”
No, because no one will ever admit that those battles are already won.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328445
Nor will it really inconvenience billionaires.
Actually, it is worse. If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can’t even be supervised and prosecuted when they commit crimes. Anyone remember the Savings and Loans Crisis of the 1980′s and 90′s? It happened because 3,234 institutions are hard to control; 1,043 “little banks” failed and caused the recession of late 80′s and early 90′s (helpfully creating Ross Perot, the earlier demagogue who helped end GHWB Presidency and usher in the Clinton era).
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
Care to try gain, Mr. Blankfein? (http://www.rollingstone.com/politics/news/the-vampire-squid-tells-us-how-to-vote-20160205)
So you don't think there was any causality between deregulating the banks and S&L's and the changes to depreciation schedules and allowable deductions in the 1986 Tax Reform Act, and the shortly subsequent real estate crisis and banking debacle?
Wow - that's insanely dense. 3,000 banks is too many, and yet somehow the IRS doesn't seem to have a problem finding me (among 320 million other people) when I underpay my taxes by $12.
3,000 banks sounds like a lot. The government has several million civilian employees to accomplish the task. I'm sure they're up to it. Besides that, it doesn't really matter if you divide a particular industry 50 ways or 5,000 ways. The industry will still be roughly as large and contain roughly as many employees. When it comes to regulating an industry, it's the total size and scope of the industry that matters, not the number of unique institutions.
1982-1985 Reductions in the Bank Board's regulatory and supervisory staff. In 1983, a starting S&L examiner is paid $14,000 a year.
Major provisions include: elimination of deposit interest rate ceilings; elimination of the previous statutory limit on loan to value ratio; and expansion of the asset powers of federal S&Ls by permitting up to 40% of assets in commercial mortgages, up to 30% of assets in consumer loans, up to 10% of assets in commercial loans, and up to 10% of assets in commercial leases.https://www.fdic.gov/bank/historical/sandl/
Back then all a thrift could do was make residential real estate loans which were single family houses and housing blocks with under 4 units. That is why you see so many 4 blocks in the older parts of a city. You tend to see them as the duplex on the bottom floor and the duplexes on the top or the 4 townhouse unit like the Monopoly game apartments.
The thrifts took in deposits and made safe well documented home loans. They paid out more in interest than banks and charged less for home loans. That was their niche and the commercial banks got the rest.
As long as interest rates stayed constant and low everything was fine. They started offering assumable mortgages just before interest rates went haywire and money market funds started sucking away their deposits.
Unless the bank is involved in criminal activity, how difficult is it to determine if the bank is solvent when you only have a few main variables in a linear equation? You have your depositors accounts and the interest rate. You have the home loans and the interest rate. You have your costs and the amount of money you have set aside for loan losses. You have the number of problem loans and a reasonable determination of what the default rate will be and the percentage of the loan recoverable in foreclosure. There isn't much more than that.
The problem was that the House of Representatives biggest source of campaign cash was S&Ls which were usually smallish 1-3 branch office operations. Carter was supposedly given a report that it would cost 15 billion to wind down all the bad thrifts and roll the whole industry up. The FSLIC would have had more money for that operation but the deposit insurance rate had been reduced at the behest of the industry many years before. The roll-up wasn't popular with the thrift owners, many who would be wiped out if they were insolvent beyond all reasonable help.
As is usual they turn to the "experts" from the industry who deduce that the way out is to allow thrifts to branch out and make new loans so that the old assumable mortgages would be a much smaller percentage of their whole portfolio. When Carter's deregulation didn't fix the problem they do what they always do and dig the hole deeper. This also makes regulation a lot tougher since the mix of loans is more complex. Now add in a gutted regulatory agency, the ability to accept deposits from anywhere in the country, and sleazy developers buying thrifts so they can have their own private piggy bank and you get the mess it became.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328448
Up her pants suit, of course.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328473
what did you write about this, specifically?
You're God. You should know these things.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328474
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
-the wikipedia article you cite
Yeah clearly the S&L crisis shows that it’s impossible to regulate small banks. Nothing as simple and obvious as it being impossible to regulate banks that aren’t actually being subject to any regulations.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328477
The avatar of the Yoni proclaiming the creed of the Totem Pole.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328482
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
No one is saying that the big banks have to be broken up into so many tiny banks that there would be too many banks to monitor. What they are wanting is for the big banks that have been declared ‘too big to fail’ be broken up into somewhat smaller units that are no longer ‘too big to fail’, so that when one of these banks is in jeopardy, the taxpayers don’t have to bail it out.
The alternative is to just let the bank fail.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328485
But I would also include all the GOP candidates with the exception of Trump that are as much a Judas goat as Hillary.
Ya, the GOP are the biggest Judas goats when it comes to the white voters.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328489
The eugenics club at Wellesley made her pull off more than that.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328516
antiracism is a very young religion. The dogmas are still crude. Maybe in some decades the coming Jesuits of Antiracism my find at least more complex and interesting interpretations of their faith
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328553
Yes but let’s not upset Hilary’s campaign quite yet, ideal opponent for Trump.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328558
Basically, high end bank robbers chanting “Attica!” to justify their crime.
The Ruskies underwood this.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328560
Pantsuit is so delusional; White men are easily the most discriminated against group! #PanderingJudasRaceCuck
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328567
to the attention of Ms. Clinton,
Please note: the latest correctest terminology is L.G.B.T.I.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328573
“what did you write about this, specifically?”
You’re God. You should know these things.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328577
Well voting for Hillary won’t get rid of racism or sexism either, and in fact will only increase the latter, so by her argument we shouldn’t vote for her.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328610
https://www.youtube.com/watch?v=lB6Gk5EtunI
https://en.m.wikipedia.org/wiki/And_you_are_lynching_Negroes
The Ruskies underwood this.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328616
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
Oh, boy! What have we here? A Goldman-Sachs troll? Ha, ha! That’s a first.
Yeah, I remember it well. I remember that those 3,234 institutions were liquidated by the Resolution Trust Corporation without any noticeable effect on the rest of the economy.
Care to try gain, Mr. Blankfein? (http://www.rollingstone.com/politics/news/the-vampire-squid-tells-us-how-to-vote-20160205)
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328630
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328638
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
epebble:
So you don’t think there was any causality between deregulating the banks and S&L’s and the changes to depreciation schedules and allowable deductions in the 1986 Tax Reform Act, and the shortly subsequent real estate crisis and banking debacle?
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328659
Yrt another story from DailyMail, getting common:
No wonder Hillary has been so adamant in trying to force gay pride parades down the throat of various reluctant east European countries. As time goes on these two seem sleazier and sleazier. We had George Washington once, now we have a running freak show.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328664
Rhetorical questions should always be formulated so that the answer is “Yes!” “Yes!” Hillary missed that lesson. It may cost her the presidency.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328672
Euuuu… Or as they say where you live, ish…
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328701
Looks like Wall Street is finally getting some bang for the megabucks it has poured into her campaign.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328723
In my hopeful moments I wonder whether the last 8 years (I’m including the election season) has soured a majority of the American electorate on identity politics to a degree that Hillary would be rejected. It’s been so downright exhausting, and I have to wonder whether continuing the grinding (this time with sex in place of race) would be enough of a turn off to people to preclude a Hillary administration.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328730
“What they are wanting is for the big banks that have been declared ‘too big to fail’ be broken up into somewhat smaller units that are no longer ‘too big to fail’,………..”
The alternative is to just let the bank fail.
The Fed was afraid of all the derivative exposure these banks had which really should have been zero. Imagine all the contracts they had written against loans defaulting that did go bad but where they didn't have the capital to pay off on. The bank holding companies would have been fighting it out in bankruptcy court.
I think this should have happened anyway because there is a difference between the bank and the bank holding company. It is probably messy legally, and I don't know the particulars, but the FDIC could probably have stepped in and told the holding company - tough luck we have the bank you have the derivative contracts.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328737
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
“If Big Banks are broken up into many little banks, the little banks will start screwing the little people. Little banks, being numerous, can’t even be supervised and prosecuted when they commit crimes.”
Wow – that’s insanely dense. 3,000 banks is too many, and yet somehow the IRS doesn’t seem to have a problem finding me (among 320 million other people) when I underpay my taxes by $12.
3,000 banks sounds like a lot. The government has several million civilian employees to accomplish the task. I’m sure they’re up to it. Besides that, it doesn’t really matter if you divide a particular industry 50 ways or 5,000 ways. The industry will still be roughly as large and contain roughly as many employees. When it comes to regulating an industry, it’s the total size and scope of the industry that matters, not the number of unique institutions.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328759
Speaking of Bill, Hillary, and banks: $153 Million in Bill and Hillary Clinton Speaking Fees, Documented.
From February 2001 to May 2015, Bill and Hillary Clinton, uh, “earned” a total of (at least) $153.7 million in speaking fees. Bill gave 637 speeches averaging $211k each and Hillary gave 92 speeches averaging $235k each. Not sure if that counts a couple of colleges where she was shamed into donating the money to charity (mostly their own foundation).
The article’s title implies it documents all of their speaking gigs, but it actually only “documents” $7.7 million worth that they gave to a few large banks (Goldman Sachs, Morgan Stanley, etc.) Here’s another link that documents all their gigs, but only since 2013.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328770
Care to try gain, Mr. Blankfein? (http://www.rollingstone.com/politics/news/the-vampire-squid-tells-us-how-to-vote-20160205)
No Troll; Just a former RTC contractor who worked on the liquidating end of RTC. When I saw the documentation of the liquidating S&Ls, it was worse than what you may find in any 3rd world bank. When they saw it, the regulators would write a strong warning that would be ignored. Corruption, fraud etc. was widespread. FIN regulation is not like policing, there is a high degree of trust that the bank officials are basically honest. They can’t “regulate” like a prosecutor and have any bank do its job.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328823
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
Yeah, it happened because Reagan cut funding for the regulators of the thrifts to the point of it being non-existent and the Garn – St Germain Depository Institutions Act of 1982 which allowed the problems of the thrift industry to linger on and bleed into the commercial banking industry which formerly had a monopoly on commercial lending. Now the banks and thrifts were in a race to the bottom as far as banking standards went (sound familiar). Prior to this act in order to get financing for an new office building, for example, a bank would require 20-30% equity by the principal and signed lease agreements. By the time this race was in full swing banks were lending 100% on spec. Developers were building ever more ridiculous monuments to their egos with expensive accouterments that ballooned the costs of these buildings to the point that they would ever make economic sense
1982-1985 Reductions in the Bank Board’s regulatory and supervisory staff. In 1983, a starting S&L examiner is paid $14,000 a year.
Major provisions include: elimination of deposit interest rate ceilings; elimination of the previous statutory limit on loan to value ratio; and expansion of the asset powers of federal S&Ls by permitting up to 40% of assets in commercial mortgages, up to 30% of assets in consumer loans, up to 10% of assets in commercial loans, and up to 10% of assets in commercial leases.
https://www.fdic.gov/bank/historical/sandl/
Indeed. Jake Garn, the sponsor of that bill, retired in disgrace at the end of his 1992 term for a bill that cost the US a fraction of what the real estate bubble would cost the US just 16 years later. In 1992 there was still this vaguely ridiculous notion called "accountability" (you can look it up in the OED or somewhere - I think it's a myth) and Garn knew he'd lose if he didn't retire.
The guy who replaced him was Robert Bennett, a childhood friend (they both attended East High and the University of Utah), and Bennett lived in an era when the myth of accountability had finally died. Bennett and his allies and fellow RINOs all thought it was preposterous to hold politicians accountable for their actions, and Bennett was only chased out of the Senate at point of pitchfork. The RINO Establishment is still bitter at the indignity of being held "accountable."
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328865
I’m not at all convinced that Hillary values anything that doesn’t help to increase her own power and wealth. She’d probably let you set her own daughter on fire in exchange for enough votes.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1328922
They divide and conquer because it works. Big companies have played this game for years. Your company makes you go to diversity training not because it promotes harmony (the stated purpose) but because it creates tension (the actual purpose).
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329030
It works on even the people that see it. Steve is an intellectual so he hates businessman. He wants a strong white culture but where is any power supposed to come from if a group gives up trying to win? Almost every win at some point derives from strong businessmen.
The stated reason your company sends you to diversity training: to promote harmony.
The actual reason your company send you to diversity training: to create tension and suspicion
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329033
Read https://en.wikipedia.org/wiki/Savings_and_loan_crisis to find out why breaking up Big Banks into numerous little banks is not a good idea.
Before thrifts were allowed to “grow their way out of their problems” with “reforms” during the Carter and especially the Reagan administrations, regulation was as simple as pie or maybe you forgot all those jokes about bankers hours.
Back then all a thrift could do was make residential real estate loans which were single family houses and housing blocks with under 4 units. That is why you see so many 4 blocks in the older parts of a city. You tend to see them as the duplex on the bottom floor and the duplexes on the top or the 4 townhouse unit like the Monopoly game apartments.
The thrifts took in deposits and made safe well documented home loans. They paid out more in interest than banks and charged less for home loans. That was their niche and the commercial banks got the rest.
As long as interest rates stayed constant and low everything was fine. They started offering assumable mortgages just before interest rates went haywire and money market funds started sucking away their deposits.
Unless the bank is involved in criminal activity, how difficult is it to determine if the bank is solvent when you only have a few main variables in a linear equation? You have your depositors accounts and the interest rate. You have the home loans and the interest rate. You have your costs and the amount of money you have set aside for loan losses. You have the number of problem loans and a reasonable determination of what the default rate will be and the percentage of the loan recoverable in foreclosure. There isn’t much more than that.
The problem was that the House of Representatives biggest source of campaign cash was S&Ls which were usually smallish 1-3 branch office operations. Carter was supposedly given a report that it would cost 15 billion to wind down all the bad thrifts and roll the whole industry up. The FSLIC would have had more money for that operation but the deposit insurance rate had been reduced at the behest of the industry many years before. The roll-up wasn’t popular with the thrift owners, many who would be wiped out if they were insolvent beyond all reasonable help.
As is usual they turn to the “experts” from the industry who deduce that the way out is to allow thrifts to branch out and make new loans so that the old assumable mortgages would be a much smaller percentage of their whole portfolio. When Carter’s deregulation didn’t fix the problem they do what they always do and dig the hole deeper. This also makes regulation a lot tougher since the mix of loans is more complex. Now add in a gutted regulatory agency, the ability to accept deposits from anywhere in the country, and sleazy developers buying thrifts so they can have their own private piggy bank and you get the mess it became.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329045
Back then all a thrift could do was make residential real estate loans which were single family houses and housing blocks with under 4 units. That is why you see so many 4 blocks in the older parts of a city. You tend to see them as the duplex on the bottom floor and the duplexes on the top or the 4 townhouse unit like the Monopoly game apartments.
The thrifts took in deposits and made safe well documented home loans. They paid out more in interest than banks and charged less for home loans. That was their niche and the commercial banks got the rest.
As long as interest rates stayed constant and low everything was fine. They started offering assumable mortgages just before interest rates went haywire and money market funds started sucking away their deposits.
Unless the bank is involved in criminal activity, how difficult is it to determine if the bank is solvent when you only have a few main variables in a linear equation? You have your depositors accounts and the interest rate. You have the home loans and the interest rate. You have your costs and the amount of money you have set aside for loan losses. You have the number of problem loans and a reasonable determination of what the default rate will be and the percentage of the loan recoverable in foreclosure. There isn't much more than that.
The problem was that the House of Representatives biggest source of campaign cash was S&Ls which were usually smallish 1-3 branch office operations. Carter was supposedly given a report that it would cost 15 billion to wind down all the bad thrifts and roll the whole industry up. The FSLIC would have had more money for that operation but the deposit insurance rate had been reduced at the behest of the industry many years before. The roll-up wasn't popular with the thrift owners, many who would be wiped out if they were insolvent beyond all reasonable help.
As is usual they turn to the "experts" from the industry who deduce that the way out is to allow thrifts to branch out and make new loans so that the old assumable mortgages would be a much smaller percentage of their whole portfolio. When Carter's deregulation didn't fix the problem they do what they always do and dig the hole deeper. This also makes regulation a lot tougher since the mix of loans is more complex. Now add in a gutted regulatory agency, the ability to accept deposits from anywhere in the country, and sleazy developers buying thrifts so they can have their own private piggy bank and you get the mess it became.
Inflation caused a lot of problems for the old simple regulatory system. It made a good excuse.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329053
The alternative is to just let the bank fail.
Banks just don’t fail and disappear. The FDIC takes control, determines what is good and what is bad, then goes out and looks for buyers. This is where the failing big banks can easily be broken up. Lets say Citibank fails. The FDIC can sell it off anyway it likes. Banks are always selling off part of their loan portfolios or large sections of their branch network. The FDIC can put up for auction all New York deposits, loans and assets and only those. Another New York bank would buy them and it would be like two small New York banks merging.
The Fed was afraid of all the derivative exposure these banks had which really should have been zero. Imagine all the contracts they had written against loans defaulting that did go bad but where they didn’t have the capital to pay off on. The bank holding companies would have been fighting it out in bankruptcy court.
I think this should have happened anyway because there is a difference between the bank and the bank holding company. It is probably messy legally, and I don’t know the particulars, but the FDIC could probably have stepped in and told the holding company – tough luck we have the bank you have the derivative contracts.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329061
My guess is the offer of assumable mortgages was like getting a toaster when you opened a bank account. It was a sweetener that was assumed to cost next to nothing. If interest rates never change nobody will assume an old mortgage and takes on a high interest second if they are well qualified for a new first mortgage. Once the interest rates went crazy and all those “no money down” scamsters started appearing the thrifts couldn’t get rid of those loans whose market value was less than half of what was owed without taking a big hit to their capital reserves. Now all those thrifts were technically insolvent.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329065
Is it a law of nature that regulators have to rely on bankers’ honesty for compliance, or can you imagine a system where regulators were regularly inspecting banks’ books and where responsible executives of banks would be locked up behind bars for the rest of their lives?
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329095
“Made her” take her clothes off?
If the late 20th Century taught me anything, it’s that girls will take off all their clothes, outside, in public, for photos (or just casual delectation), for damn near anything: art, civil rights, slut walks, peace rallies, rock concerts, anything.
All they need is some authority figure to tell them it’s OK, and they’ll get nekkid as a jaybird.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329136
Admittedly this is the Daily Mail – fairly right-wing and inclined to dislike Hillary Clinton. However, the author is ex-BBC and does not share that bias.
http://www.dailymail.co.uk/news/article-3441623/Humiliation-Hillary-spouts-feminism-women-say-s-dishonest-bully.html
He recounts an interview with Hillary after she lost the Democratic nomination to Barack Obama in 2008.
The MSM is mendacious in “not being able to use” self-destructive comments by a mainstream politician, while gleefully reporting every faux pas by Donald Trump, Nigel Farage, et al. The writer is not describing his own bias, but his knowledge of what his superiors in London would run.
Hillary’s racism and sense of entitlement would be enough to end the career of a conservative candidate.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329258
I’m sure this has been brought up but this is exactly the Cabin Boy parable of Ted Kaczynski. This is exactly it, exactly why “we” try to get people to read Kaczynski, it’s like hearing her unironically talk about goodbellyfeel.
Tldr Cabin Boy: A crazy cruise ship crew avoids meaningful criticism about their insane Arctic heading by promising each separate minority meaningless privileges and slightly less hurtful new group words.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329337
1982-1985 Reductions in the Bank Board's regulatory and supervisory staff. In 1983, a starting S&L examiner is paid $14,000 a year.
Major provisions include: elimination of deposit interest rate ceilings; elimination of the previous statutory limit on loan to value ratio; and expansion of the asset powers of federal S&Ls by permitting up to 40% of assets in commercial mortgages, up to 30% of assets in consumer loans, up to 10% of assets in commercial loans, and up to 10% of assets in commercial leases.https://www.fdic.gov/bank/historical/sandl/
“the Garn – St Germain Depository Institutions Act of 1982 which allowed the problems of the thrift industry to linger on and bleed into the commercial banking industry”
Indeed. Jake Garn, the sponsor of that bill, retired in disgrace at the end of his 1992 term for a bill that cost the US a fraction of what the real estate bubble would cost the US just 16 years later. In 1992 there was still this vaguely ridiculous notion called “accountability” (you can look it up in the OED or somewhere – I think it’s a myth) and Garn knew he’d lose if he didn’t retire.
The guy who replaced him was Robert Bennett, a childhood friend (they both attended East High and the University of Utah), and Bennett lived in an era when the myth of accountability had finally died. Bennett and his allies and fellow RINOs all thought it was preposterous to hold politicians accountable for their actions, and Bennett was only chased out of the Senate at point of pitchfork. The RINO Establishment is still bitter at the indignity of being held “accountable.”
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329412
Nor will it really inconvenience billionaires.
The only argument for breaking up big banks I’ve seen is that any bank so big it can’t be allowed to fail should be broken up into smaller banks that can be allowed to fail. An alternative is to regulate big banks like public monopolies–the city water company is too big and important to fail, too.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329533
http://www.dailymail.co.uk/news/article-3441623/Humiliation-Hillary-spouts-feminism-women-say-s-dishonest-bully.html
He recounts an interview with Hillary after she lost the Democratic nomination to Barack Obama in 2008.The MSM is mendacious in "not being able to use" self-destructive comments by a mainstream politician, while gleefully reporting every faux pas by Donald Trump, Nigel Farage, et al. The writer is not describing his own bias, but his knowledge of what his superiors in London would run.
Hillary's racism and sense of entitlement would be enough to end the career of a conservative candidate.
Raped as a teenager? Has Hillary ever mentioned that in some other occasion?
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329539
Well, there’s a mental image that will stick around all day.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329563
It’s interesting to ask whether someone like Goldman or Citibank is too big to fail because of the strain their failure would put on the economy, or because of their connections and large number of favors their top people can call in. There might be advantages in breaking up the biggest banks either way, but the likely outcome is different for the two different reasons.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329566
Yeah , Pugs have the best disposition of any dog unlike that desiccated carpet muncher .
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329762
I think that’s the way to go. Small banks can and do cause systemic risks by failing, for example the US did have huge waves of interrelated bank runs and bankruptcies among the many thousands of small financial institutions in the early 1930s, and actually Lehman itself wasn’t so big. It was a middling financial institution, not nearly as big as the biggest ones.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329773
I think if a journalist debunked it, it would discourage other women from coming forward with their stories, so it shouldn’t be investigated any further.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329778
She and everyone else had to pose for those freshman nudie shots at Wellesley. It’s not rape, but does give off some of the same fumes as sexual assault.
More Cosbyish than Clintonesque.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329793
http://www.dailymail.co.uk/news/article-3441623/Humiliation-Hillary-spouts-feminism-women-say-s-dishonest-bully.html
He recounts an interview with Hillary after she lost the Democratic nomination to Barack Obama in 2008.The MSM is mendacious in "not being able to use" self-destructive comments by a mainstream politician, while gleefully reporting every faux pas by Donald Trump, Nigel Farage, et al. The writer is not describing his own bias, but his knowledge of what his superiors in London would run.
Hillary's racism and sense of entitlement would be enough to end the career of a conservative candidate.
This person is an unreliable sociopathic liar. Remember her claim to have dodged bullets at a Bosnian airport when video showed no such thing? What’s real and what’s fake with this person?
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1329850
She was no longer a teenager when she met Bill Clinton..So it wasn’t Bill who raped her.. Sounds fishy.
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1330790
[…] On a related note, from the NY Times, 2/13/16 (h/t Steve Sailer) […]
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1356342
[…] Economic inequality? Doesn’t he know that no vicious mean-spirited political attack on wealth inequality ever fed a hungry transgender? […]
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1362100
[…] light focus on economic populism. Don’t get distracted or bogged down with SJW and identity politics. That’s what ruined Occutards […]
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1400724
[…] Hillary Clinton said shortly after my “Alexander Hamilton, Honorary Nonwhite” […]
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1443004
[…] Hillary Clinton said shortly after my “Alexander Hamilton, Honorary Nonwhite” […]
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1443247
[…] would make a good speech for Mrs. Clinton (played by Nikki Minaj) to rap in […]
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1478266
[…] Democrats love unions, even unions closely aligned with Democrats, only in as much as they’re GOTV fodder and red team bashing fodder, and as long as the unions’ interests don’t collide with the interests of the Democrats’ billionaire donors. If they do collide, then the Democrats as a party will side with the billionaires, then start screaming about social justice to distract the unions and anyone else so concerned. […]
http://www.unz.com/isteve/hillary-pulls-off-the-mask/#comment-1512967