Posted on 01/31/2017 9:34:07 AM PST by Enlightened1
Ha! I did the same darned thing. :-)
Iirc all three of these are up for re election in 2018
As nominee for Treasury Secretary, Mnuchin’s exchanges with Sen. Maria Cantwell (D-WA), who has been a lead sponsor of legislation to restore Glass-Steagall, constituted her entire questioning period during the Senate Finance Committee hearing. Despite President Trump having called for “going back to Glass-Steagall” during the campaign, Mnuchin stated his opposition to it. Cantwell pressed the Republican Party platform’s call for restoring Glass-Steagall; she also cited official estimates that a huge $14 trillion in economic losses to Americans resulted from the 2007-08 bank blowout, and that Glass-Steagall restoration was necessary to prevent that from happening again now.
Mnuchin’s response to Cantwell was, “No, I don’t support going back to Glass-Steagall as is.” He said that he supported the Volcker Rule of the Dodd-Frank Act if modified.
Moreover, Mnuchin made a serious false claim to the Committee, in support of his opposition to Glass-Steagall. He claimed Glass-Steagall, according to a recent Federal Reserve report, “would have very big implication to the liquidity and the capital markets, and banks being able to perform necessary lending.” In other words, that Glass-Steagall would result in a less liquid bond market for economic investments, and less lending by banks.
The truth is that this Federal Reserve Report, released this past September, criticized the Volcker Rule on that point, not the Glass-Steagall Act. It is titled, “The Volcker Rule and Market Making in Times of Stress.” Its main finding is that “bonds are less liquid during times of stress due to the Volcker Rule.” But Mnuchin was distressing the Committee Republicans and large numbers of bankers themselves, by supporting a Volcker Rule.
As to Glass-Steagall and bank credit: FDIC Vice Chairman Thomas Hoenig has repeatedly given expert opinion to Congress and other institutions that during the roughly 60 years when Glass-Steagall was enforced, the United States’ capital markets for bank lending and bond issuance were the strongest and deepest in the world.
LaRouche emphasized Jan. 22 that Mnuchin is “doing dirty work which can lead to a deadly collapse in the United States and elsewhere. With what he was pushing, he could cause a crisis which would rapidly bring down the U.S. economy as a whole. We have a new financial system coming about [referring to the international development institutions of China and the BRICS-allied nations]; and here, that begins with restoring Glass-Steagall. So this is international, not only national, in importance.”
Nice move there ! I wonder if Trump can just name them as “Acting” cabinet members while waiting for any confirmation ?
How can they remove them if they’re not there?
Just heard Chao got Confirmed for Transportation.
Isn’t Chao McConnell’s wife?
Most excellent. #CompulsoryAttendance
And what, if anything, is said "McConnell" known for?
Mitch McConnell, the Majority Leader in the Senate! Actually, he’s known for being a weasel and a weak leader who will backstab President Trump if he can get something for himself out of the deal.
Or do a work around by having the nominee hired by the government agency involved and then appointed as “Acting” secretary until confirmed or if never confirmed by the Dims they will still look like the obstructionists they are and are now refusing to accept reality once again.
Dems, we will remember in 2018. That is not a threat it’s a promise...lots of red state Dems up in 2018...
Can’t they just declare a recess and then Trump can do recess appointments?
Pence or Hatch should instruct the Senate Sergeant at Arms to arrest 1 of them and drag them to work. Rats in the Texas Senate pulled this same tactic and fled to Oklahoma under the protection of a rat Governor (at the time) to evade the law some years ago.
Worthless? Gutless? Why is Merrick Garland not on the Supreme Court then?
“Have a Republican Senator switch parties and cause a vote... then switch back. That’s what they would do .”
Excellent point! They would do that and we should too!
Captain Kirk and the rest of the original Star Trek gang meet Ashley Judd:
Woah! I hadn’t listened to that much of her speech, what’s with the sudden accent every third or 4th sentence? Kirk is a merciful man, I would have fired phasers a lot sooner. In fact I would have gone back in time (like they just could in some episodes like it was nothing) and fired phasers at her dad’s sack so she would never be born!
:59 seconds in, McCoy realizing she must have gotten into his drug stash. She had to have been high on something.
It’s shame she never ran for the Senate against McConnell (I believe she had residency issues), she would have gotten a record low vote.
Residency issues ? Yes, she lives on Pluto.
The Republicans could remedy that if they wanted.
Fine don't confirm anymore of Trump's Cabinet and see the fallout.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.