Comments on: Why Financial Reform Died: “Banks Run Congress” http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:06:20 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Daily Digest for October 16 » New Deal 2.0 http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-226485 Daily Digest for October 16 » New Deal 2.0 Fri, 16 Oct 2009 12:57:59 +0000 http://www.ritholtz.com/blog/?p=40759#comment-226485 [...] Financial Reform Died: “Banks Run Congress” (BigPicture) Key members of Congress are owned by the financial services group’s lobbyists who have paid [...] [...] Financial Reform Died: “Banks Run Congress” (BigPicture) Key members of Congress are owned by the financial services group’s lobbyists who have paid [...]

]]> By: Much Ado About Nothing $23B: Goldman Sachs Bonus | The Big Picture http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-225493 Much Ado About Nothing $23B: Goldman Sachs Bonus | The Big Picture Wed, 14 Oct 2009 11:01:46 +0000 http://www.ritholtz.com/blog/?p=40759#comment-225493 [...] Why Financial Reform Died: “Banks Run Congress” (October 12th, 2009) http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/ [...] [...] Why Financial Reform Died: “Banks Run Congress” (October 12th, 2009) http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/ [...]

]]> By: Evening Reading: Bobby Lowder and the Year’s Biggest Bank Bust - Deal Journal - WSJ http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-225000 Evening Reading: Bobby Lowder and the Year’s Biggest Bank Bust - Deal Journal - WSJ Mon, 12 Oct 2009 23:08:11 +0000 http://www.ritholtz.com/blog/?p=40759#comment-225000 [...] [...] [...] [...]

]]> By: DeDude http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-224857 DeDude Mon, 12 Oct 2009 15:57:48 +0000 http://www.ritholtz.com/blog/?p=40759#comment-224857 Look at the numbers in that diagram, the larget amount is 270K. I have never seen a clearer argument for public campaign financing. Even if we gave 270K to each of the 12 members, it would only come to 3.3 million. Compare that to the cost of the bailout. Talk about penny wise and pound foolish. We should offer each housemember and their main challenger 1 million for their campaign on the condition that they do not take any money from lobbyists. Those that refuse should be forced to start every campaign speech with a public disclosure stating all the companies and industry groups that are funding their campaign. Look at the numbers in that diagram, the larget amount is 270K. I have never seen a clearer argument for public campaign financing. Even if we gave 270K to each of the 12 members, it would only come to 3.3 million. Compare that to the cost of the bailout. Talk about penny wise and pound foolish. We should offer each housemember and their main challenger 1 million for their campaign on the condition that they do not take any money from lobbyists. Those that refuse should be forced to start every campaign speech with a public disclosure stating all the companies and industry groups that are funding their campaign.

]]> By: KJ Foehr http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-224814 KJ Foehr Mon, 12 Oct 2009 14:32:35 +0000 http://www.ritholtz.com/blog/?p=40759#comment-224814 http://www.youtube.com/watch?v=dib2-HBsF08&feature=related http://www.youtube.com/watch?v=dib2-HBsF08&feature=related

]]> By: number2son http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-224799 number2son Mon, 12 Oct 2009 13:40:02 +0000 http://www.ritholtz.com/blog/?p=40759#comment-224799 <i>ironic</i>? ... No, Barry. I rather think it is nauseating. ironic? … No, Barry. I rather think it is nauseating.

]]> By: Moss http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-224797 Moss Mon, 12 Oct 2009 13:26:30 +0000 http://www.ritholtz.com/blog/?p=40759#comment-224797 This is what we need to know. It is no longer acceptable to let the oligarchy feed us what they want us to know. I just heard Yardeni say the whole thing was due to the mark-to-market accounting mistake. Wesbury is claiming the same thing. Since that has now been 'corrected' all is well. I wonder who pushed that, forced FASB to suspend it. This is what we need to know. It is no longer acceptable to let the oligarchy feed us what they want us to know. I just heard Yardeni say the whole thing was due to the mark-to-market accounting mistake.
Wesbury is claiming the same thing. Since that has now been ‘corrected’ all is well. I wonder who pushed that, forced FASB to suspend it.

]]> By: Bruce in Tn http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-224789 Bruce in Tn Mon, 12 Oct 2009 12:59:59 +0000 http://www.ritholtz.com/blog/?p=40759#comment-224789 Like the fact that you've picked the two significant villains in this mess to rail about. Don't give it up..but I wouldn't be surprised if you don't find that things get a little odd for you in the near future if you stay on this theme. Hope you don't quit. Like the fact that you’ve picked the two significant villains in this mess to rail about. Don’t give it up..but I wouldn’t be surprised if you don’t find that things get a little odd for you in the near future if you stay on this theme.

Hope you don’t quit.

]]> By: jc http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-224785 jc Mon, 12 Oct 2009 12:46:34 +0000 http://www.ritholtz.com/blog/?p=40759#comment-224785 “It’s an accounting game,” said Richard Bove, an analyst at Rochdale Securities Inc. in Lutz, Florida. “The deeper you get into the subject, the more items you find that are impossible to determine, and therefore it becomes a give up. Whatever they want to show, they show.” http://www.bloomberg.com/apps/news?pid=20601087&sid=aPz0hsBTTR4A “It’s an accounting game,” said Richard Bove, an analyst at Rochdale Securities Inc. in Lutz, Florida. “The deeper you get into the subject, the more items you find that are impossible to determine, and therefore it becomes a give up. Whatever they want to show, they show.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aPz0hsBTTR4A

]]> By: pj http://www.ritholtz.com/blog/2009/10/why-financial-reform-died-banks-run-congress/comment-page-1/#comment-224784 pj Mon, 12 Oct 2009 12:35:40 +0000 http://www.ritholtz.com/blog/?p=40759#comment-224784 Both the winners were the 50:1 odds that you posted about. Both the winners were the 50:1 odds that you posted about.

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