Did you like the financial crisis of 2008?

Well, congressman Yoder from Kansas is trying for a repeat. He is the one who inserted a bill - WRITTEN BY CITGROUP - into the Cromnibus bill.

http://www.huffingtonpost.com/2014/12/15/kevin-yoder-wall-street-bailout_n_6329784.html

The provision, undoes a rule that prevents big banks from relying on the Federal Deposit Insurance Corp. to bail them out if things go sour when they trade risky assets. The rule was put into place as part of the 2010 Dodd-Frank law, which overhauled the financial regulatory system after the 2007-2008 financial crisis stemming from banks making extremely risky bets and losing. The government had to bail them out with taxpayer money, and Yoder's provision paves the way for another possible bailout.

By the way, a big, hearty FU from me to all you a-holes here on SportsJournalists.com who argued for the bailout in 2008.

Oooh, there'll be a depression!!
Ooooh, there'll be breadlines!!

I said at the time, let these f*ckers burn down. Let all the Citigroups and Goldmans go down. We would have survived. But nooooo. You chicken littles wanted the bailout. And guess who has prospered?

 

How do you feel about the terrorism risk insurance act, which hasn't been renewed for next year?

 

Yeah, Ragu, oil and natural gas prices are bottoming. For every swap where someone is profiting from that, there is someone else holding the bag on those energy swaps. Or rubles. Someone isn't going to be able to pay, then the house of cards goes down.

Unless you've bought and sold your own Congressman Kevin Yoder for a bailout.

 

Yeah, that zero hedge article better articulates my last post - counter party risk. Ay yi yi.

 

For all the deserved criticism the guy gets one thing that Obama did do was save the country from peril by
signing into law The Emergency Economic Stabilization Act of 2008

 

Re counter terrorism insurance, here's a wild idea: Let the NFL pay for it (re: Super Bowl)

If you can afford to spend $43 million a year for your own Ginger Clown of a commissioner, you can pay for your own counterterrorism insurance.

 

If it's any consolation, Yoder won re-election last month and only got 60 percent of the votes — nine percent lower than he got in 2012. Maybe Kansas voters are catching on he'll be out on his ass next time.

 

He is a Koch Brothers plant, right? That's a lifetime gig in Kansas.

 

no offense, trifecta, but who gives a shit? Even if he doesn't get re elected, he just goes on to a cushy consulting gig on the beltway or Citigroup.

 

Yes, of course. One fewer idiot in Congress still means there's a long line of lawmakers who do nothing but coddle to special interests and think of more loopholes for big business.

 

Mile High is going to blow his top when he clocks in at 4 pm and see politics being discussed.