Showing posts with label Senate. Show all posts
Showing posts with label Senate. Show all posts

Wednesday, September 28, 2016

White House lashes out at 'embarrassing' Senate veto override

White House Press Secretary called out the Senate for overriding Obama's veto, saying it was embarrassing.  The Senate overrode the bill enabling 9/11 victims the ability to sue Saudi Arabia by a margin of 97-1.  My question:  the vote was embarrassing to whom--the Senate of Obama?

http://thehill.com/homenews/administration/298290-white-house-lashes-out-at-embarrassing-senate-veto

Wednesday, November 28, 2012

Senate works on new package of Iran sanctions

http://www.reuters.com/article/2012/11/27/us-usa-iran-sanctions-idUSBRE8AQ1CY20121127

The package seeks to ban financial transactions with any person or organization blacklisted for their association with the Iranian government, as well as sales of metallurgical coal and precious metals, a congressional aide said, speaking on condition of anonymity.

The sanctions would end "Turkey's game of gold for natural gas," a senior Senate aide said, referring to reports that Turkey has been paying for natural gas with gold due to sanctions rules.

The legislation "would bring economic sanctions on Iran near de facto trade embargo levels with the hope of speeding up the date by which Iran's economy will collapse," the aide said.

Tuesday, February 2, 2010

Volcker says let 'em fail

Paul Volcker, former Fed Chairman and current adviser to President Obama, told the Senate Banking Committee that hedge funds and private equity funds should be allowed to profit and fail on their own, without government support.

Which is how capitalism should work, and hence, sound policy. The problem is that charities, foundations, schools, churches, states, and municipalities who speculated in over-the-counter (OTC) derivatives will go bankrupt when these toxic assets sink in value. Why exactly did these entities "invest" in these swaps? Who was minding the fence?

http://www.bloomberg.com/apps/news?pid=20601103&sid=axxnPYqTocfY