Tweet
Everybody wants to act like they're doing something.
-
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
That is how FDR got reelected twice....
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.Comment
-
"Was it over when the Germans bombed Pearl Harbor?!?"
...one of the great lines in all moviedom.
Comment
-
Originally posted by Jon Miller
That is how FDR got reelected twice....
JM
Or any other president for that matter..."Ceterum censeo Ben esse expellendum."Comment
-
It's almost weekend again.
DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
On to politics. McCain said he would fire the SEC director for the call to ban naked short selling. Obama said voters can fire the do nothing crowd on November.
Also, presidents can't fire people at the SEC for policy like that. Maybe McCain didn't know that.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
-
Interesting point. Why is this the case? Is it purely because the commissioners are appointed for five-year terms?Originally posted by Kidicious
Also, presidents can't fire people at the SEC for policy like that. Maybe McCain didn't know that."lol internet" ~ AAHZComment
-
Because presidents aren't qualified to make economic policy decisions.Originally posted by Alinestra Covelia
Interesting point. Why is this the case? Is it purely because the commissioners are appointed for five-year terms?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
-
I have a feeling I'm not going to like this bailout one bit.
And banning short sales is crazy.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
What benefit does short selling serve at this time?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
-
Well anyone that bought Morgan Stanley or Goldman Sachs stock yesterday's a lot richer right now."The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
-
Cox responds to McCain calls for his ouster“While I have great respect for Senator McCain, we have sometimes disagreed, and this is one such occasion. The SEC has made plain that we have zero tolerance for naked short selling. In this market crisis, the men and women of the SEC have responded valiantly as they always do - with the utmost dedication and professionalism.
…
“There is much more work to be done, and the current crisis is presenting new challenges on an hourly basis. What America and the world needs now is steadiness and reduction of uncertainty. History will judge the quality of our response to this economic crisis, but now is not the time for those of us in the trenches to be distracted by the ebb and flow of the current election campaign. And it is precisely the wrong moment for a change in leadership that inevitably would disrupt the work of the SEC at just the wrong time. I have long made clear my intention to leave the SEC after the end of this Administration. The next President will have an opportunity to look at the major structural questions so important to the regulation and oversight of our financial markets.
“I very much appreciate the strong and immediate support of the President. As someone who has been in public life for over 20 years, I know as well as anyone that occasionally this sort of thing can come with the territory. The best response to political jabs like this is simply to put your head down and not lose a step doing the best job you can possibly do on behalf of those you serve. For my part, I plan to do just that. I leave the political campaigns to pursue their own course.”I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
-
...but if they appoint the SEC commissioners, do they constitutionally have no power to remove them, as per executive agency powers?Originally posted by Kidicious
Because presidents aren't qualified to make economic policy decisions.
I think I remember learning that if the commissioner's term of office is longer than one Presidential term then it's a sign that the agency is "independent" in the sense that the POTUS may not remove the head. But I could be wrong..."lol internet" ~ AAHZComment
-
It's an act that created the law. The commissioner is appointed by the president, but has to be confirmed by Congress, and can't be fired by the president.Originally posted by Alinestra Covelia
...but if they appoint the SEC commissioners, do they constitutionally have no power to remove them, as per executive agency powers?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
-
I was looking through the act and could not find any reference to termination of a commissioner. All I found was this:Originally posted by Kidicious
It's an act that created the law. The commissioner is appointed by the president, but has to be confirmed by Congress, and can't be fired by the president.
Each commissioner shall hold office for a term of five years and until his successor is appointed and has qualified, except that he shall not so continue to serve beyond the expiration of the next session of Congress subsequent to the expiration of said fixed term of office, and except (1) any commissioner appointed to fill a vacancy occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of such term, and (2) the terms of office of the commissioners first taking office after June 6, 1934, shall expire as designated by the President at the time of nomination, one at the end of one year, one at the end of two years, one at the end of three years, one at the end of four years, and one at the end of five years, after June 6, 1934.
Can you give me a link to where you found anything about termination in any of the acts concerning SEC commissioners?"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003Comment
Comment