Source: The Daily Dolt - 9/27
In news that is likely to surprise absolutely no one, Tim Pawlenty — who recently stepped down as Mitt Romney’s campaign co-chair in order to pursue a career as a lobbyist for the banking industry – has announced that the best way to prevent further apocalyptic financial meltdowns from occuring is to allow banks to “voluntarily” regulate themselves. (Just as a quick reminder, The Daily Dolt is not a satire website. This is an actual thing that Tim Pawlenty actually said, out loud, to other human beings who were alive during the 2008 Wall Street crisis.)
Pawlenty, the former Republican governor of Minnesota and unsuccessful presidential candidate, announced last week that he was stepping down as co-chairman of the Romney campaign in order to head the Financial Services Roundtable, a lobbying group that represents some of the largest financial services companies in the country. In his first press conference since announcing his new role, Pawlenty asked banks to “voluntarily” stop doing “stupid things”:
[Pawlenty] said he was asked while interviewing for the Roundtable job about how financial institutions can regain the public’s trust.
“I said, ‘Stop doing stupid things,’” Pawlenty said while sitting in the Roundtable’s Washington offices.
“These are large organizations with tens of thousands of employees in many cases. There is always going to be some individual doing something that’s off track. That’s human nature. But the obligation and the opportunity of the organizations is to put controls in place and a culture in place that minimizes the likelihood of that, but does it voluntarily.”
Pawlenty is not alone in his scorn for financial regulation. Mitt Romney has previously said he would “like to repeal [the] Dodd-Frank [law],” which was enacted to prevent another financial crisis like the one that occurred in 2008. “The extent of regulation in the banking industry has become extraordinarily burdensome following Dodd-Frank,” Romney told a roundtable of 18 businessmen last year at the ironically named restaurant, The Common Man.
9/27/2012
Former Romney Campaign Co-Chair Tim Pawlenty: Banks Should Just Be Trusted To “Voluntarily” Self-Regulate.
Former Romney Campaign Co-Chair Tim Pawlenty: Banks Should Just Be Trusted To “Voluntarily” Self-Regulate.
Source: The Daily Dolt - 9/27
In news that is likely to surprise absolutely no one, Tim Pawlenty — who recently stepped down as Mitt Romney’s campaign co-chair in order to pursue a career as a lobbyist for the banking industry – has announced that the best way to prevent further apocalyptic financial meltdowns from occuring is to allow banks to “voluntarily” regulate themselves. (Just as a quick reminder, The Daily Dolt is not a satire website. This is an actual thing that Tim Pawlenty actually said, out loud, to other human beings who were alive during the 2008 Wall Street crisis.)
Pawlenty, the former Republican governor of Minnesota and unsuccessful presidential candidate, announced last week that he was stepping down as co-chairman of the Romney campaign in order to head the Financial Services Roundtable, a lobbying group that represents some of the largest financial services companies in the country. In his first press conference since announcing his new role, Pawlenty asked banks to “voluntarily” stop doing “stupid things”:
[Pawlenty] said he was asked while interviewing for the Roundtable job about how financial institutions can regain the public’s trust.
“I said, ‘Stop doing stupid things,’” Pawlenty said while sitting in the Roundtable’s Washington offices.
“These are large organizations with tens of thousands of employees in many cases. There is always going to be some individual doing something that’s off track. That’s human nature. But the obligation and the opportunity of the organizations is to put controls in place and a culture in place that minimizes the likelihood of that, but does it voluntarily.”
Pawlenty is not alone in his scorn for financial regulation. Mitt Romney has previously said he would “like to repeal [the] Dodd-Frank [law],” which was enacted to prevent another financial crisis like the one that occurred in 2008. “The extent of regulation in the banking industry has become extraordinarily burdensome following Dodd-Frank,” Romney told a roundtable of 18 businessmen last year at the ironically named restaurant, The Common Man.
Madrid Protesters March Again as Spain Braces for Budget Cuts By Rain - Posted on 27 Septemb
Related Video******************************************************************
San Francisco Chronicle - 9/27/12
Emma Ross-Thomas and Bill Faries, ©2012 Bloomberg News
Sept. 27 (Bloomberg) -- Spanish protesters marched for a second night in Madrid, calling on Prime Minister Mariano Rajoy to reverse austerity measures as his nine-month-old government prepared its fifth package of budget cuts.
Thousands demonstrated late yesterday near Parliament, the same site where police detained and clashed with protesters the night before. As Greek police in Athens dispersed protesters with tear gas, Rajoy played down the rallies in Madrid, telling a conference in New York that the “immense majority” of Spaniards aren’t on the street and his government still has three years to pursue its economic overhaul.
To read the rest of this story, visit sfgate.com.
Russia halts imports of Monsanto corn over cancer fears
RT.com - 9/26/12
AFP Photo / Philippe Huguen
Russian authorities temporary suspended the import and sale of Monsanto’s genetically-modified corn after a French study suggested it may be linked to cancer.
The Russia’s consumer-rights regulator Rospotrebnadzor asked scientists at the country’s Institute of Nutrition to review the study. The watchdog has also contacted to European Commission’s Directorate General for Health & Consumers to explain the EU’s position on GM corn.
To read the rest of this story, visit RT.com.
Julian Assange makes UN Appearance 9-26-2012
Thanks to 2012 Scenario for posting this video, originally from Russia Today.
Even more interesting (to me at least) was the article posted earlier at 2012 about the entire Assange situation, and the role of Ecuador in all of this. Here is the original article.
