| Thom's blog Get ready for another derivative meltdown Despite gridlock in Washington, a new effort to loosen Wall Street regulations and water down the 2010 Dodd Frank Act is getting bipartisan support in Congress. Republican Representatives Patrick Henry and Scott Garrett are backing the measure, as is Democratic Rep. Gwen Moore. Moore justified her support by saying the plan is only meant to relieve regulatory burdens on companies that do business with big banks. Another democrat, Representative Jim Himes, even wants to roll-back Dodd Frank, and stick taxpayers with the bill, should the derivative market implode again. But some Democrats still understand the dangers of banks-gone-wild, and are fighting for tougher regulations to protect us all. Less than a week ago, Senator Carl Levin issued a scathing report on the devastation JP Morgan caused with risky multibillion-dollar derivative trades. Levin said, "It is incredible that less than a week after new JPMorgan Whale hearings detailed how the bank's London office piled up risk, hid losses, and dodged regulatory oversight, that some House members are again supporting the weakening of derivative safeguards." It's only been five years since the banksters crashed our economy by gambling with derivatives, and the modest legislation we've enacted is meant to prevent another economic meltdown. Representative Alan Grayson, a leading voice for financial reform, criticized his colleagues for considering putting our nation at risk again. He said, "the road to hell is paved with these bills." We should be strengthening regulations on Wall Street, not giving banksters another free pass to gamble with our economic future. Call Congress today and tell them they must stop the next derivatives debacle before it's too late -Thom (What do you think? Tell us here.) |
Tonight on The Big Picture on RT TV at 7pm and 9pm... A Crash Course in Economics (check your local listings for stations or stream at RT, and catch past shows on Youtube) Need to Know: A Crash Course in Economics Screwed: All politicians should wear Nascar patches...- Austin Petersen, FreedomWorks  The Best of the Rest... YOUR TAKE/MY TAKE LIVE - Call Thom LIVE at (202) 904-2134 TONIGHT 7-8pm ET (check your local listings) Geeky Science - Clicking "like" on FB more revealing than you know... Daily Take: Cyprus...what you can learn from Iceland | Wednesday's Daily Stack  Hour One: re you suffering from "Taxpayer Anxiety Disorder?"- David Selig, Conservative Commentator & Pro-Business Advocate Sequester...effects on small business- Elliot Richardson, Attorney / President- Small Business Advocacy Council, Chicago, IL
Hour Two: Cars and bicycles...why can't they all get along?- Paul Guppy, Vice President for Research-Washington Policy Center Cars and bicycles...why can't they all get along?- Craig Benjamin, Policy and Government Affairs Manager for Cascade Bicycle Club
Hour Three: Econ 101: How to Fix The World's Economic Problems Quote: "less government in business, more business in government." Warren Harding. |
| Thursday on The Thom Hartmann Program, 3-6pm ET Hour One: A Crash Course in Economics Immigration & economic challenges in the Latino community- Tavis Smiley, Host-The Tavis Smiley Show and Smiley & West (w/Dr. Cornel West) / Author of 16 books, latest "The Rich and the Rest of Us: A Poverty Manifesto" Hour Two: What would happen if we didn't have regulations?- Andrew Smith, COO, Yenkin-Majestic Paint Corporation / author of "Sand in the Gears: How Public Policy Has Crippled American Manufacturing". Geeky Science - Clicking "like" on FB more revealing than you know... Hour Three: Cyprus...what you can learn from Iceland And, the best of the rest of the news and your calls right here on... The Thom Hartmann Program...your media support group for "we the people"... |
| Friday on The Thom Hartmann Program, 3-6pm ET It's Friday and that means "Brunch With Bernie"...America's Senator Bernie Sanders will be here talking about the important issues of the week and he'll be taking your calls too... Get your questions ready...it's "Brunch With Bernie"...America's Senator...Senator Bernie Sanders will be here talking about the important issues of the week and he'll be taking your calls too... Plus, it's "Anything Goes on Townhall Friday...you choose the topic and tell me what's on your mind... The Thom Hartmann Program, Occupying The Media 3 hours a day 5 days a week" for "we the people"...Democracy is NOT a spectator sport...it begins with you... |
| Thank you for being part of our ever growing community for News, Debate and Opinion on the Thom Hartmann Program. Click here to subscribe to the Thom Hartmann Newsletter. Sincerely, The Thom Hartmann Program | | | Thom's Poll Should Congress have to wear logos of their financial backers?
| 
|
|
| Watch & Listen to Thom
It's time for our media to offer us - and the people of Iraq - an apology
Sequester...effects on small business
The Good, The Bad, and the Very, Very Gnathonically Ugly
Lone Liberal Rumble - The Corporate State Wants You Tested!
Lone Liberal Rumble - Have Democrats given up on gun control?
Cyprus - Is this the next phase in austerity - naked theft?
Or watch the Full "Big Picture" Show...
Full Show 3/20/13: How the Media Fueled the Iraq War
Thom talks with economist Richard Wolff on how Cyprus will bailout their banks following the failure of the idea to make their citizens pay for it. Tonight's "Lone Liberal Rumble" panel discusses the loss of the assault weapons ban from the Democrats' gun control bill, how a big majority of Americans support government spending on infrastructure and why it's in our nation's best interest to ban large sugary drinks. In tonight's "Daily Take" Thom asks the media to apologize for their role in the Iraq War.
Thom Hartmann on the News: March 20, 2013
The Sequester and Small Business
Cars & Bicycles: Why Can't They Get Along? Part 1
Cars & Bicycles: Why Can't They Get Along? Part 2
Econ 101: How to Fix The World's Economic Problems
Do You Have Taxpayer Anxiety Disorder?
Time For a Debt Jubilee! | |
No comments:
Post a Comment