The Whole Delivery

She's a populist crusader now ! A far-reaching proposal to regulate derivative trading will not be scaled back in Wall Street reform legislation, at least for now, multiple Senate aides confirm. The development comes as welcome news to an unusual mix of progressives, financial officials, and at least one conservative Democrat: Sen. Blanche Lincoln (D-AR). Lincoln is the author of the derivatives title in the Senate's financial regulation bill, and for weeks has faced opposition from Wall Street, the White House, and members of her own party over a provision to force financial firms to spin off their derivatives trading desks into stand-alone entities. The proposal to weaken the derivatives title was ultimately drafted by Senate Banking Committee Chairman Chris Dodd--the Democrats' chief financial reform negotiator--and introduced yesterday at the eleventh hour of the debate over Wall Street reform. In it, Dodd proposed kicking the spin-off provision down the road for t...

Busy with many things today outside of TWD everyone, so sorry for the delay. But here's the runthrough: Public Option Health Care News While most were focusing on the LIE-bera--hole show yesterday with the Senate, the bigger story probably was in the House. A robust public option, something Nancy Pelosi said was going to happen in her chamber, is in serious danger actually. The negotiation rates need to keep premiums at 10-11% in comparison to typical private insurers being truly strong instead of the negotiated rates that the Blue Dog/conservative nutcases want. Without that, the public option, though still a public option at day's end, is not as strong as it should be. And, as Jon Walker said in that link, it IS A Slap in the face to the working class. That would be around a $1,400 reduction in premiums for the average family that could choose the robust public option. Forcing Americans to pay roughly $1,400 more a year on health insurance premiums, by denying them the cho...

Then again, I knew Vince and his wife really didn't care about you and me. But hell, money got to be made, people got to get rich "playa." Still, I can't front, they entertained me for many years:

Teabaggers getting crazier and crazier ....telling Chris Dodd, who announced his battle with cancer on Friday, to take "a handful of painkillers "Like a handful of them at a time! He can wash it down with Ted Kennedy's whiskey -- oh excuse me, scotch!" Sick. Just sick.

As if the Connecticut Senator already has a lot on his hand, he now has announced that he has prostate cancer . Hope it goes well for him. God bless.

Utterly shameful stuff that the New York Times Joe Nocera reported yesterday in regards to what is actually happening with the bailout money that the television media isn't covering. But that's typical of our corrupt television, Republican owned media (and General Electric isn't any better, no matter if they put Olbermann and Maddow in to make the "left" happy). Back to this great, but very alarmingly, article from Nocera. It shows how Paulson is being slick King Henry again , and benefitting those who don't even need the money on Fall Street : “Chase recently received $25 billion in federal funding. What effect will that have on the business side and will it change our strategic lending policy?” It was Oct. 17, just four days after JPMorgan Chase’s chief executive, Jamie Dimon, agreed to take a $25 billion capital injection courtesy of the United States government, when a JPMorgan employee asked that question. It came toward the end of an employee-only confer...