Conventional Mealy Mouths: The 2016 Primary Voting Thread, Part 5

it's deeply stupid but welcome to politicans telling joeks

right because Bill's "gaffe" was about a lack of caution and not a deliberate appeal to crime-fearing (mostly) white voters.

I think I've officially hit the point in this cycle where I am weary of everyone involved so all I do now is accept how terrible it all is. Maybe that will somehow become liberating.

a deliberate appeal to crime-fearing (mostly) white voters.

my guess is it was some combination of this + Bill's ego about being personally criticized

not sure what this has to do with the "cp time" thing which is obviously a dumb joke

love this scummy liar

http://talkingpointsmemo.com/livewire/kansas-spanish-voter-guides-errors

The Spanish-language voter guides from Kansas Secretary of State Kris Kobach's office include two errors about registering to vote in the state, while the English guides do not include the same errors.

The Spanish-language guides said that voters could register up to 15 days before the election, while the English version included the correct deadline, 21 days before the election

hillary's daily news interview:
http://www.nydailynews.com/opinion/transcript-hillary-clinton-meets-news-editorial-board-article-1.2596292

i haven't read it (too long)

Why is she dressed in a lime green Dr. Evil top...?

I haven't read the whole thing, but she's very much in prepared speech mode. There's not much back-and-forth. I have heard some of those answers near verbatim in other contexts.

i wait for the non-partisan review :p

There's some a bit into the interview:

So I think we can do that, and particularly if we can get the mechanism for the National Infrastructure Bank. Because if all we do is rely on Congress, then we are going to be at their mercy every five to seven to eight years. Whereas if we say, yeah, Congress still has the primary role... It passed finally $275 billion program, but we want to have an ongoing, revolving fund. We need to look at how we can once again use municipal bonding authority. How can we use more state bonding authority? We used for a little period of time, and I like the idea of federal bonds that can be used for infrastructure, as long as you have a revenue stream. Look, I'm excited about this stuff. I'm kind of a wonky person. I'm excited by it.

Daily News: Get excited about your college plan now.

Clinton: Yeah, I'm very excited about my college plan.

Daily News: Make me understand it.

Clinton: Yeah, okay. Well, the best way to do that...

Daily News: I better have something to drink.

Clinton: Yes, something stronger maybe.

There's a lot to criticize, heavily business-friendly, it seems, but it's plenty wonkish.

Of course it is. It's the one thing she wanted it to be.

My reaction was "she totally read the Sanders interview and was like 'let me unleash a mountain of details and anecdotes'"

lol yup

"It's within the power of the treasury department, whose bylaws are as follows..."

A lot of xp, but there's a difference between Trump being 100 short after California and being 100 short when the conference arrives - there's a lot of rook in the 11 days between for a lot of deals to be made.

If it comes to a second vote, he is of course toast.

Looool:

Daily News: Wall Street, too big to fail.

Clinton: Too big to fail.

Daily News: How do you stop too big to fail? What needs to happen?

Clinton: Well, I have been a strong supporter of Dodd-Frank because it is the most consequential financial reforms since the Great Depression. And I have said many times in debates and in other settings, there is authority in Dodd-Frank to break up banks that pose a grave threat to financial stability.

There are two approaches. There's Section 121, Section 165, and both of them can be used by regulators to either require a bank to sell off businesses, lines of businesses or assets, because of the finding that is made by two-thirds of the financial regulators that the institution poses a grave threat, or if the Fed and the FDIC conclude that the institutions' living will resolution is inadequate and is not going to get any better, there can also be requirements that they do so.

So we've got that structure. Now a lot of people have argued that there need to be some tweaks to it that I would be certainly open to. But my point from the very beginning of this campaign, and it's something that I've said repeatedly: big banks did not cause the Great Recession primarily. They were complicit, but hedge funds; Lehman Brothers, an investment bank; a big insurance company, AIG; mortgage companies like Countrywide, Fannie and Freddie — there were lots of culprits who were contributing to the circumstances that led to the very dangerous financial crisis.

Yeah, she made sure to memorize that part.

Well, I have been a strong supporter of Dodd-Frank because it is the most consequential financial reforms since the Great Depression. And I have said many times in debates and in other settings, there is authority in Dodd-Frank to break up banks that pose a grave threat to financial stability.

sounds so scripted

Yeah, she made sure to memorize that part.

― Frederik B, Monday, April 11, 2016

she even inserted the semicolons!

Is this a relatively new narrative that the big banks "didn't cause" the financial crisis? I mean sure, Countrwide, Lehman, AIG, Fannie and Freddie, but also the big banks! When did Citi, BofA, Wells Fargo etc. become innocent parties? Revisionist history to me.

Nah that's accurate

No, it's not.

I guess specify what you mean by "crisis"

If anything, AIG is more innocent than Citi. AIG just took on too much risk without properly accounting for it, it didn't sell quasi-fraudulent products.

Heard a Sanders radio spot out of Buffalo on the way home: 30 seconds of him talking about Wall Street, ending with the requisite "and I approved this message." Is that really necessary if you're the guy talking throughout? Seems as redundant as calling a press conference to endorse yourself.

Ha, I heard this around Syracuse today. I just drove from Ottawa to Worcester, MA. Almost as soon as I crossed the border and got cell service again, I got a text from the Sanders campaign people (and another a couple of hours later). They're getting as bad as the NDP.

Like are you referring to the specific events of 2008 or the larger overall financial picture.

Xp

People seem to confuse Lehman being the metaphorical first domino to fall with a literal game of dominoes. It's not like Citi would have been fine if not for Lehman. All these companies, including the big banks, were doing insane shit with mortgages.

tbtf xp

they had a ton of co-conspirators too. the ratings agencies should have been destroyed because of the crisis, imo. if theyre not (part of) the watch dogs then what would you say ya do here..?

http://38.media.tumblr.com/69998ea4c2d5a937b4b7be2d862f2114/tumblr_inline_n6g82giUtT1r8ujnk.jpg

Sorry not a literal game of dominoes I mean a literal domino setup (whatever you call the thing where they knock each other over)

Like it seems like a confusion of how things went down with why they happened.

All these companies, including the big banks, were doing insane shit with mortgages.

this is true, but the latter has nothing to do with the size of the banks. The "too big to fail" thing is specifically about situations like AIG where institutions assumed more risk than they could handle, with their default threatening overall system stability. Totally legit to lay blame on the banks bundling shitty products, but that bundling doesn't have anything to do with how big they were. Separate issues.

xp

Citi definitely comes under the rubric of too big to fail and definitely took on too much risk and was definitely essential to the financial system. Hence it was bailed out.

okay but that's different from "primarily", how is what Clinton says here:

big banks did not cause the Great Recession primarily. They were complicit, but hedge funds; Lehman Brothers, an investment bank; a big insurance company, AIG; mortgage companies like Countrywide, Fannie and Freddie — there were lots of culprits who were contributing to the circumstances that led to the very dangerous financial crisis.

not accurate

part of the problem with the whole crisis is EVERYONE was acting shady af and its hard to indict like 200,000 people.

Why is Citigroup, which underwrote, as well as purchased, and bundled many billions of dollars of subprime mortgages into MBS and CDOs any less culpable than Countrywide?

The company that says "give me bad loans to bundle and sell to suckers" is creating the demand for the Countrywides.

http://www.rollingstone.com/politics/news/why-the-banks-should-be-broken-up-20160408

it's not that their any less culpable, it's that their as culpable as every other shady motherfucker, as the mayor notes. Singling them out as primarily responsible doesn't seem accurate to me either.
xp

I'm not agreeing with Krugman (whom I don't read) fwiw

going back a few dozen posts:

a deliberate appeal to crime-fearing (mostly) white voters.

my guess is it was some combination of this + Bill's ego about being personally criticized

Bill's memory goes back to his Sister Souljah moment in 1992 and how it was viewed by the (mostly white) media as a net positive for his campaign. This is just in his political DNA now.

even I confuse the sequence of events and names of banks

Bear Sterns went insolvent in May. Lehman Bros went down in September. It was Lehman that triggered the avalanche.

WTF are you people talking about. The government poured money into the big banks. They would not have done that if they had not been afraid that if they hadn't given them that money that they would have fallen apart and taken the economy with it.

Alex otm but tell it to Krugman and Clinton. They've engineered a parallel universe for campaign purposes.

it's all Fannie Mae and Freddie Mac's fault.

https://pbs.twimg.com/media/CfzU6aTUYAAbv4x.jpg

Never forget, Donnie.

http://ecx.images-amazon.com/images/I/81V4S%2BL03SL._SL1500_.jpg

maybe charlie sheen could be president... naw that's ridiculous! lol xp

i think the financial crisis and the drug war have some parallels. except i don't think some of you would like the correspondent role you've assumed.

?