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US Politics Mega-thread - Page 595

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Read the rules in the OP before posting, please.

In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up!

NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious.
Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action.
Sub40APM
Profile Joined August 2010
6336 Posts
November 01 2013 18:01 GMT
#11881
On November 02 2013 01:25 JonnyBNoHo wrote:
Show nested quote +
Slow-motion regulatory explosion update

In the latest instalment in an occasional series — Dodd-Franking — let’s check in on the progress of regulators writing the 398 different sets of rules required by the signature piece of post-crisis financial reform legislation.

[image loading]

Davis Polk have maintained their place as the Systemically Important Financial Illustrator of choice.

The final rulemaking deadline specified by Dodd-Frank passed in the third quarter, and of the 280 such deadlines it breaks down thus: two-fifths finalised and passed, two-fifths proposed after the deadline passed, and one fifth not even proposed yet.

What’s the holdup? Well derivative reformers have had their hands full. But about that banking reform…

[image loading]

To be fair, the Volcker Rule has proved rather hard to pin down, and regulatory keyboards have not been quiet. The original 848 page bill had prompted more than 15m words of new regulation as of its third birthday in July, a legal leverage ratio of 42 words to every one in the original law.

Indeed, the pace of rulemaking has actually been quite consistent, so we should expect the final chapter in a work equivalent to 70 copies of Tolstoy’s War and Peace right around Christmas 2017.

Link

That's a lot of fish words.

Thats strange. Its as if an incredibly rich, incredibly powerful industry is working really hard to make it a much more complex and unwieldy law.
Yoav
Profile Joined March 2011
United States1874 Posts
November 01 2013 18:09 GMT
#11882
On November 02 2013 03:01 Sub40APM wrote:
Show nested quote +
On November 02 2013 01:25 JonnyBNoHo wrote:
Slow-motion regulatory explosion update

In the latest instalment in an occasional series — Dodd-Franking — let’s check in on the progress of regulators writing the 398 different sets of rules required by the signature piece of post-crisis financial reform legislation.

[image loading]

Davis Polk have maintained their place as the Systemically Important Financial Illustrator of choice.

The final rulemaking deadline specified by Dodd-Frank passed in the third quarter, and of the 280 such deadlines it breaks down thus: two-fifths finalised and passed, two-fifths proposed after the deadline passed, and one fifth not even proposed yet.

What’s the holdup? Well derivative reformers have had their hands full. But about that banking reform…

[image loading]

To be fair, the Volcker Rule has proved rather hard to pin down, and regulatory keyboards have not been quiet. The original 848 page bill had prompted more than 15m words of new regulation as of its third birthday in July, a legal leverage ratio of 42 words to every one in the original law.

Indeed, the pace of rulemaking has actually been quite consistent, so we should expect the final chapter in a work equivalent to 70 copies of Tolstoy’s War and Peace right around Christmas 2017.

Link

That's a lot of fish words.

Thats strange. Its as if an incredibly rich, incredibly powerful industry is working really hard to make it a much more complex and unwieldy law.


Yeah, I'm sure more complex and expensive compliance is what the banks are pulling for.
farvacola
Profile Blog Joined January 2011
United States18839 Posts
Last Edited: 2013-11-02 00:37:34
November 01 2013 18:13 GMT
#11883
On November 02 2013 03:09 Yoav wrote:
Show nested quote +
On November 02 2013 03:01 Sub40APM wrote:
On November 02 2013 01:25 JonnyBNoHo wrote:
Slow-motion regulatory explosion update

In the latest instalment in an occasional series — Dodd-Franking — let’s check in on the progress of regulators writing the 398 different sets of rules required by the signature piece of post-crisis financial reform legislation.

[image loading]

Davis Polk have maintained their place as the Systemically Important Financial Illustrator of choice.

The final rulemaking deadline specified by Dodd-Frank passed in the third quarter, and of the 280 such deadlines it breaks down thus: two-fifths finalised and passed, two-fifths proposed after the deadline passed, and one fifth not even proposed yet.

What’s the holdup? Well derivative reformers have had their hands full. But about that banking reform…

[image loading]

To be fair, the Volcker Rule has proved rather hard to pin down, and regulatory keyboards have not been quiet. The original 848 page bill had prompted more than 15m words of new regulation as of its third birthday in July, a legal leverage ratio of 42 words to every one in the original law.

Indeed, the pace of rulemaking has actually been quite consistent, so we should expect the final chapter in a work equivalent to 70 copies of Tolstoy’s War and Peace right around Christmas 2017.

Link

That's a lot of fish words.

Thats strange. Its as if an incredibly rich, incredibly powerful industry is working really hard to make it a much more complex and unwieldy law.


Yeah, I'm sure more complex and expensive compliance is what the banks are pulling for.

It is precisely the complexity of our current tax scheme/financial market that allows big business and big bank to play financial sleight of hand. You're damn right they want complexity.
"when the Dead Kennedys found out they had skinhead fans, they literally wrote a song titled 'Nazi Punks Fuck Off'"
IgnE
Profile Joined November 2010
United States7681 Posts
November 01 2013 18:26 GMT
#11884
On November 01 2013 20:29 Danglars wrote:
Show nested quote +
On November 01 2013 17:03 IgnE wrote:
Why doesn't your graph go past 2008?

On November 01 2013 13:11 Danglars wrote:
On November 01 2013 09:34 IgnE wrote:
The tea party is a backwards, racist, bigoted party.

And we've been hearing that assault from backwards, bigoted men and women.

There are just as many Obama supporters now as there are Tea Party supporters according to a recent Rasmussen poll. Scary for some on the left. They expected the lambasting to be narrowly applicable to the country, but it only underscores a serious ideological divide. An ideological divide only sparingly and grudgingly admitted.

Their power will erode as it becomes more and more apparent to a new generation of how very little the government can organize or do right.



The tea party can be backwards, racist, and bigoted regardless of Obama's merits or demerits.

Sometimes I get the feeling that you conservatives live enclosed in homogeneous communities where you can say things like "I don't see color" or "the birthers have political grievances with Obama, it has nothing to do with race or skin color" because you never interact with minority communities. Oh that's right, the suburbs.

I admit and perhaps you see a human level, where some of Obama's merits are ignored by tea party members and supporters. In fact, Michelle Obama may mean the very best in combating obesity and may herself enjoy gardening as well. Your feelings aside (and if you're intellectually honest, I have no doubt that they'll follow and change), it is a community deeply concerned with government involvement in the ordinary citizen's life and what its intentions are for control and spending. Obama preached a new brand of government, new hope and change, and governed in a way that threw out the center and plunged leftward. The Tea Party sees what has been lost in the push for greater government responsibility as greater than what has been gained. The debate rages on.

We do with the kooks what most everyone does. They're rejected and ignored.
We deal with the far fetched insults the same way. The left plays make believe with their opponents, surely believing that anybody who knew the plight of the poor could disagree with them in any way. Balkanize if you want--blacks have been doing very poorly under Obama. Yet, disagree at your peril for you will soon be labeled an Uncle Tom (Clarence Thomas for one). Drag out more sorry lines from the 70s and before trying to stratify America as an uncaring rich class and a destitute one. Democratic control means just one thing for communities: an increase in poverty and crime and a decrease in overall wealth and prosperity.


I think you misinterpreted me. Perhaps I should have said that the Tea Part is backwards, racist, and bigoted even though Obama is an unprincipled scumbag who murders people via the air by presidential fiat and signs off on a system that has abolished the last vestiges of privacy.
The unrealistic sound of these propositions is indicative, not of their utopian character, but of the strength of the forces which prevent their realization.
Adila
Profile Joined April 2010
United States874 Posts
November 01 2013 18:46 GMT
#11885
On November 02 2013 03:13 farvacola wrote:
Show nested quote +
On November 02 2013 03:09 Yoav wrote:
On November 02 2013 03:01 Sub40APM wrote:
On November 02 2013 01:25 JonnyBNoHo wrote:
Slow-motion regulatory explosion update

In the latest instalment in an occasional series — Dodd-Franking — let’s check in on the progress of regulators writing the 398 different sets of rules required by the signature piece of post-crisis financial reform legislation.

[image loading]

Davis Polk have maintained their place as the Systemically Important Financial Illustrator of choice.

The final rulemaking deadline specified by Dodd-Frank passed in the third quarter, and of the 280 such deadlines it breaks down thus: two-fifths finalised and passed, two-fifths proposed after the deadline passed, and one fifth not even proposed yet.

What’s the holdup? Well derivative reformers have had their hands full. But about that banking reform…

[image loading]

To be fair, the Volcker Rule has proved rather hard to pin down, and regulatory keyboards have not been quiet. The original 848 page bill had prompted more than 15m words of new regulation as of its third birthday in July, a legal leverage ratio of 42 words to every one in the original law.

Indeed, the pace of rulemaking has actually been quite consistent, so we should expect the final chapter in a work equivalent to 70 copies of Tolstoy’s War and Peace right around Christmas 2017.

Link

That's a lot of fish words.

Thats strange. Its as if an incredibly rich, incredibly powerful industry is working really hard to make it a much more complex and unwieldy law.


Yeah, I'm sure more complex and expensive compliance is what the banks are pulling for.

It precisely the complexity of our current tax scheme/financial market that allows big business and big bank to play financial sleight of hand. You're damn right they want complexity.


Not to mention the regulators are under-staffed and under-paid compared to the industry it is policing. The more complex the laws, the more time it takes for regulators to dig through it.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
November 01 2013 18:49 GMT
#11886
On November 02 2013 03:01 Sub40APM wrote:
Show nested quote +
On November 02 2013 01:25 JonnyBNoHo wrote:
Slow-motion regulatory explosion update

In the latest instalment in an occasional series — Dodd-Franking — let’s check in on the progress of regulators writing the 398 different sets of rules required by the signature piece of post-crisis financial reform legislation.

[image loading]

Davis Polk have maintained their place as the Systemically Important Financial Illustrator of choice.

The final rulemaking deadline specified by Dodd-Frank passed in the third quarter, and of the 280 such deadlines it breaks down thus: two-fifths finalised and passed, two-fifths proposed after the deadline passed, and one fifth not even proposed yet.

What’s the holdup? Well derivative reformers have had their hands full. But about that banking reform…

[image loading]

To be fair, the Volcker Rule has proved rather hard to pin down, and regulatory keyboards have not been quiet. The original 848 page bill had prompted more than 15m words of new regulation as of its third birthday in July, a legal leverage ratio of 42 words to every one in the original law.

Indeed, the pace of rulemaking has actually been quite consistent, so we should expect the final chapter in a work equivalent to 70 copies of Tolstoy’s War and Peace right around Christmas 2017.

Link

That's a lot of fish words.

Thats strange. Its as if an incredibly rich, incredibly powerful industry is working really hard to make it a much more complex and unwieldy law.

On November 02 2013 03:13 farvacola wrote:
Show nested quote +
On November 02 2013 03:09 Yoav wrote:
On November 02 2013 03:01 Sub40APM wrote:
On November 02 2013 01:25 JonnyBNoHo wrote:
Slow-motion regulatory explosion update

In the latest instalment in an occasional series — Dodd-Franking — let’s check in on the progress of regulators writing the 398 different sets of rules required by the signature piece of post-crisis financial reform legislation.

[image loading]

Davis Polk have maintained their place as the Systemically Important Financial Illustrator of choice.

The final rulemaking deadline specified by Dodd-Frank passed in the third quarter, and of the 280 such deadlines it breaks down thus: two-fifths finalised and passed, two-fifths proposed after the deadline passed, and one fifth not even proposed yet.

What’s the holdup? Well derivative reformers have had their hands full. But about that banking reform…

[image loading]

To be fair, the Volcker Rule has proved rather hard to pin down, and regulatory keyboards have not been quiet. The original 848 page bill had prompted more than 15m words of new regulation as of its third birthday in July, a legal leverage ratio of 42 words to every one in the original law.

Indeed, the pace of rulemaking has actually been quite consistent, so we should expect the final chapter in a work equivalent to 70 copies of Tolstoy’s War and Peace right around Christmas 2017.

Link

That's a lot of fish words.

Thats strange. Its as if an incredibly rich, incredibly powerful industry is working really hard to make it a much more complex and unwieldy law.


Yeah, I'm sure more complex and expensive compliance is what the banks are pulling for.

It precisely the complexity of our current tax scheme/financial market that allows big business and big bank to play financial sleight of hand. You're damn right they want complexity.

It's a mixed bag. The complexity favors the big over the small, so big players, in a way, welcome the complexity on competitive grounds. It is a cost, however, so it's opposed on that ground by both the big and small.

It's worth noting that Dodd-Frank doesn't need outside lobbying to be complex. It was complex from the start and everyone knew going in that the rule writing would be extremely complicated and time consuming.
zlefin
Profile Blog Joined October 2012
United States7689 Posts
November 02 2013 00:29 GMT
#11887
I wonder to what extent it's feasible in the modern complicated world, to go back to writing legislation that's short and simple.
Great read: http://shorensteincenter.org/news-coverage-2016-general-election/ great book on democracy: http://press.princeton.edu/titles/10671.html zlefin is grumpier due to long term illness. Ignoring some users.
oneofthem
Profile Blog Joined November 2005
Cayman Islands24199 Posts
November 02 2013 00:38 GMT
#11888
it's more like a regulatory arms race. encryption vs hacking analogy etc
We have fed the heart on fantasies, the heart's grown brutal from the fare, more substance in our enmities than in our love
xDaunt
Profile Joined March 2010
United States17988 Posts
November 02 2013 01:08 GMT
#11889
I'd like to personally thank Obama for destroying my awesome healthcare plan, which my wife's employer is being forced to eliminate as a consequence of Obamacare. The replacement is no where near as good.
Roe
Profile Blog Joined June 2010
Canada6002 Posts
November 02 2013 01:33 GMT
#11890
On November 02 2013 10:08 xDaunt wrote:
I'd like to personally thank Obama for destroying my awesome healthcare plan, which my wife's employer is being forced to eliminate as a consequence of Obamacare. The replacement is no where near as good.

he doesn't read TL
SnipedSoul
Profile Joined November 2010
Canada2158 Posts
November 02 2013 01:40 GMT
#11891
Send an email to someone in rural Pakistan and he will surely read it.
Doublemint
Profile Joined July 2011
Austria8645 Posts
November 02 2013 04:32 GMT
#11892
On November 02 2013 10:33 Roe wrote:
Show nested quote +
On November 02 2013 10:08 xDaunt wrote:
I'd like to personally thank Obama for destroying my awesome healthcare plan, which my wife's employer is being forced to eliminate as a consequence of Obamacare. The replacement is no where near as good.

he doesn't read TL


He doesn't, but those guys from this hip club that's in the news everywhere. I believe it's called the NSA.
in the age of "Person, Woman, Man, Camera, TV" leadership.
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
November 02 2013 06:37 GMT
#11893
Sen. Lindsey Graham (R-S.C.) plans to introduce a bill next week that would ban all abortions after 20 weeks of pregnancy, according to the Washington Examiner.

The Pain-Capable Unborn Child Protection Act, which the House passed in June, would bar abortions several weeks before the fetus is viable based on the medically disputed theory that fetuses at that age can feel pain. The House version was amended at the last minute to include exceptions for rape and incest victims, after an all-male panel of Republicans on the House Judiciary Committee had approved a bill with an exception only for the life of the mother.

Sen. Marco Rubio (R-Fla.) said he wanted to be the lead sponsor of the Senate companion bill earlier this year, but he hesitated when he and his colleagues could not come to a consensus on which part of the Constitution gave them the power to pass such a bill.

Several states, including Texas, Nebraska and Arizona, have enacted their own bans on abortion after 20 weeks, and the city of Albuquerque, N.M., will put the measure on its November ballot. But the constitutionality of the law remains in question.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
PineapplePizza
Profile Joined June 2010
United States749 Posts
November 02 2013 07:45 GMT
#11894
Someone should release a law that prohibits men from voting on bills that deal with woman things and lady parts.

I'm about 80% sure that's not possible, but 100% sure it would end this idiotic drivel about babies or fetuses once and for all.
"There should be no tying a sharp, hard object to your cock like it has a mechanical arm and hitting it with the object or using your cockring to crack the egg. No cyborg penises allowed. 100% flesh only." - semioldguy
Danglars
Profile Blog Joined August 2010
United States12133 Posts
November 02 2013 09:26 GMT
#11895
On November 02 2013 10:08 xDaunt wrote:
I'd like to personally thank Obama for destroying my awesome healthcare plan, which my wife's employer is being forced to eliminate as a consequence of Obamacare. The replacement is no where near as good.

Clearly, your case is one of those that was incidental and unintended. All the professional studies say health plans will be fine.

I'm getting tired of these true believers persisting in telling me that everything will be great once the website's fixed.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
Edlina
Profile Joined April 2010
Denmark28 Posts
November 02 2013 09:31 GMT
#11896
On November 01 2013 14:45 JonnyBNoHo wrote:
Graph!

Show nested quote +
[image loading]
Link


This graph is actually quite interesting in terms of the growth of inequality of the US.

It quite clearly demonstrates how wealth has grown in Africa and big parts of Asia throughout 1988 - 2008, and how the top 1% (of the world) have also enjoyed wealth growth at a comparable rate. Meanwhile the middle class (or at least the lower middle class) and the poor citizens of the second world countries and the western world including the US have seen very limited growth of less than or around 1% annually (i.e. approximately 20% growth over 20 years).
Talin
Profile Blog Joined September 2010
Montenegro10532 Posts
November 02 2013 09:33 GMT
#11897
On November 02 2013 10:08 xDaunt wrote:
I'd like to personally thank Obama for destroying my awesome healthcare plan, which my wife's employer is being forced to eliminate as a consequence of Obamacare.


Is there a reason that particular healthcare plan is gone?
Ghostcom
Profile Joined March 2010
Denmark4782 Posts
November 02 2013 10:33 GMT
#11898
On November 02 2013 16:45 PineapplePizza wrote:
Someone should release a law that prohibits men from voting on bills that deal with woman things and lady parts.

I'm about 80% sure that's not possible, but 100% sure it would end this idiotic drivel about babies or fetuses once and for all.


Surely you can't be serious?
Squat
Profile Joined September 2013
Sweden7978 Posts
November 02 2013 11:33 GMT
#11899
On November 02 2013 16:45 PineapplePizza wrote:
Someone should release a law that prohibits men from voting on bills that deal with woman things and lady parts.

I'm about 80% sure that's not possible, but 100% sure it would end this idiotic drivel about babies or fetuses once and for all.

I don't know, watching elderly, conservative white men with a poor grasp of even rudimentary human anatomy twist themselves into pretzels after saying something amazingly asinine is a never-ending source of entertainment.

It seems to never occur to many self-declared libertarians that one of the most invasive things a government can do is tell someone what to do with their body. As someone who agrees with a quite a few libertarian points, the idea that anyone but the person physically or medically involved in a pregnancy should have any say is obscene, and unbelievably hypocritical. You either believe in small government and personal freedom or you don't, none of this wishy-washy half-assed, self-serving bullshit. But hey, gotta pander I guess.

"Digital. They have digital. What is digital?" - Donald J Trump
mcc
Profile Joined October 2010
Czech Republic4646 Posts
November 02 2013 11:37 GMT
#11900
On November 02 2013 20:33 Squat wrote:
Show nested quote +
On November 02 2013 16:45 PineapplePizza wrote:
Someone should release a law that prohibits men from voting on bills that deal with woman things and lady parts.

I'm about 80% sure that's not possible, but 100% sure it would end this idiotic drivel about babies or fetuses once and for all.

I don't know, watching elderly, conservative white men with a poor grasp of even rudimentary human anatomy twist themselves into pretzels after saying something amazingly asinine is a never-ending source of entertainment.

It seems to never occur to many self-declared libertarians that one of the most invasive things a government can do is tell someone what to do with their body. As someone who agrees with a quite a few libertarian points, the idea that anyone but the person physically or medically involved in a pregnancy should have any say is obscene, and unbelievably hypocritical. You either believe in small government and personal freedom or you don't, none of this wishy-washy half-assed, self-serving bullshit. But hey, gotta pander I guess.


To be fair actual libertarians mostly support choice side of the debate. There is noone in republican party that can be called "real" libertarian. Maybe Ron Paul, but even that would be debatable.
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