It’s funny, in the least funny of ways, how a week that began in unspeakable tragedy unfolded into one filled with so much absurdity and journalistic malpractice, along with a truly bizarre string of unrelated events, that the actual news was often so frankly guffaw-inducing that The Onion would have a hard time topping it.
|By: DSWright Tuesday April 9, 2013 7:35 am|
Believe it or not, there is a bill in Washington to break up the Too Big To Fail banks. Sponsored by Senator Sherrod Brown (D-Ohio) and Senator David Vitter (R-Louisiana) the Brown-Vitter bill would break up the Megabanks by requiring higher capital reserves. Not surprisingly Wall Street is not pleased.
|By: David Dayen Wednesday August 8, 2012 2:14 pm|
On financial regulatory issues, Republicans have recently retreated back to the idea that all we need to do is to ensure adequate capital requirements at the largest banks. If they can handle anything that comes across with their own reserves, then taxpayer money is secure and the free market can sort out everything else.
|By: Teddy Partridge Sunday December 25, 2011 8:01 pm|
With full awareness that next year could be worse (can you imagine!?) I want to wish every one of you a happy healthy New Year full of self-awareness and revolution. And here’s to less influence from right-wing bigots and the panderers thereto.
|By: Phoenix Woman Thursday June 2, 2011 8:00 pm|
I dunno why so many people are acting so weird about that picture that wound up on Mr. Weiner’s Bookfaced site or Witter or whatever it was. Funny, when Mr. Vitter’s nanny talked about how he still wuvvvs wearing diapers, the WaPo didn’t invite Chris Lehane to spend a few hours talking to people online about it.
|By: David Dayen Monday June 14, 2010 2:15 pm|
Practically the entire Senate Democratic caucus has written a letter to BP CEO Tony Hayward, asking the company to create the same kind of $20 billion dollar escrow account that the President will reprortedly seek to pay for economic damages and clean-up costs associated with the Gulf oil spill. The letter was signed by 55 of the 59 members of the caucus: only Mary Landrieu, Robert Byrd, Jeff Bingaman and Kent Conrad failed to add their names.
|By: Eli Friday June 11, 2010 6:31 pm|
The Deepwater Horizon explosion was not a tragic unavoidable accident, it was an inevitable consequence of weak regulation coupled with corporate corner-cutting and greed.
|By: David Dayen Friday June 4, 2010 12:50 pm|
The idea that David Vitter can say with a straight face that he supports legislation to “remove” the liability cap for BP’s oil spill, and hold them accountable, only makes sense on the surface. You have to ignore a host of past experience, as well as the flawed legislation he’s actually pushing, to arrive at that conclusion.
|By: David Dayen Tuesday May 25, 2010 3:50 pm|
Both Robert Menendez and David Vitter offered legislation on the Senate floor to alter the liability cap on oil companies who damage American land through spills, but both were denied unanimous consent, as members of the opposite party objected.
|By: Jon Walker Tuesday May 11, 2010 5:17 pm|
The unfolding disaster has dramatically reduced support for offshore drilling among Democrats and independents. It dropped by 13 percent since February. Yet, over the same time period, Republican support for drilling has remained strong (76 percent in May, compared with 74 percent in February). Overall, 54 percent of Americans still support more offshore drilling, but that’s significantly less than the 63 percent that approved of it in February. There is now a large and growing divergence between Republicans and other Americans.