More to ignore, Book 21....

Ten Thousan Marbles

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President Biden's plan to tap Sarah Bloom Raskin as top banking regulator at the Federal Reserve could intensify the central bank's already growing focus on climate change.

Catch up fast:
The news broke Thursday night that Biden will nominate Raskin, a Duke University law professor, for the powerful role of vice chair for supervision.

She was a Fed governor from 2010 to 2014 before joining the Treasury Department during the Obama administration.

Why it matters:
Raskin has been outspoken on the need for financial regulators to prevent climate change from becoming a systemic risk to the banking system.

And she has also backed a climate role for financial regulators that goes beyond analysis and planning efforts.

  • In September she wrote an op-ed saying financial regulatory agencies should be helping firms to anticipate and address climate risks, but also play an active role in spurring emissions cuts.
  • "[Regulators] need to ask themselves how their existing instruments can be used to incentivize a rapid, orderly, and just transition away from high-emission and biodiversity-destroying investments," she wrote for Project Syndicate.
  • Raskin participates in the "Regenerative Crisis Committee," a panel of financial and legal experts aimed at "Identifying fiscal, monetary, and financial regulatory policies that are likely to enable the United States to achieve net carbon neutrality before 2050."
The intrigue: It's too soon to know what kind of specific policies Raskin might seek if she moves from the private sector to become the Fed's top Wall Street cop and whether she could win support on a consensus-based Fed board for them.
  • Some environmental groups have proposed ideas like "portfolio limits" on the level of polluting assets, such as oil and gas companies, banks can invest in. They also say the Fed should increase the capital banks must hold for their fossil portfolios.
What we're watching: Capitol Hill. Sen. Pat Toomey, the top Republican on the Senate Banking Committee, has "serious concerns" about Raskin, arguing she has taken stances that could weaken economic growth, Bloomberg reported.

If all Republicans opposed her, she would need the votes of every Democrat, including Joe Manchin (D-W.Va.), whose state is a major coal and gas producer. His spokesperson did not provide comment.

Senate appearances this week
by nominees for top Federal Reserve jobs gave new hints at their climate plans and showed the scale of GOP resistance to the Fed's work on the topic.
  • On Thursday, Lael Brainard, the nominee for vice chair, appeared before the Senate Banking Committee. Fed chair Jerome Powell, who President Biden has tapped for a second term, testified Tuesday.
Powell and Brainard didn't signal support for new fossil lending restrictions, even as they pledged deeper climate analysis.
  • "We would not tell banks which sectors to lend to or which sectors to not lend to, but we do want to make sure that they are measuring, monitoring and managing their material risks," Brainard said.
  • Both Powell and Brainard discussed plans to gauge financial system risks and conduct "scenario analysis" of large banks' resilience.
The other side: Many Republicans attacked the Fed's growing climate efforts, which they consider mission creep.
  • Committee ranking member Toomey fears analysis of banks' exposure to climate risks is a precursor to unnecessary new restrictions.
  • "The whole purpose is to test whether banks are prepared to address perceived risks associated with climate change, and then if the Fed determines they are not, to promulgate new regulatory requirements," he said yesterday.
 

Ten Thousan Marbles

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Feb 6, 2014
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Outgoing Virginia Attorney General Mark R. Herring on Thursday announced that he had overturned 58 historic legal opinions that perpetuated racial discrimination, acknowledging that his office once served as “a key cog in the machinery of oppression.”

The opinions, issued between 1904 and 1967, were remnants of a time when the attorney general’s office played a role in upholding Jim Crow and maintaining segregation in schools long after it was outlawed.

The legal writings have been toothless since the Supreme Court issued rulings that outlawed discrimination on the basis of race. But Herring, who made the announcement along with members of the state’s NAACP and Legislative Black Caucus, said he hopes his sweeping order will send a message that Virginia is continuing to reckon with its past.

“By overruling these opinions, we are making clear that these legal opinions do not reflect the Virginia of today, and we will not carry them into the commonwealth of the future,” Herring said at a news conference Thursday.

The opinions applied or interpreted state laws that banned interracial marriage, segregated public schools and disenfranchised Black citizens by requiring poll taxes and literacy tests, among other discriminatory practices.

The move will probably be one the attorney general’s last in office as he closes his two terms in signature Herring fashion. Over the past eight years, Herring became nationally known for his fierce progressive bent, calling himself the “people’s lawyer,” in part for his willingness to take on conservatives and powerful interests on high-profile issues such as gun control and same-sex marriage. During his term, he also came under fire for darkening his skin to dress as a rapper at a 1980 college party. He lost his November election to Republican Jason Miyares, who will be sworn in Saturday.

“As I saw that my term was coming to an end, I saw it was important for the commonwealth to get this across the finish line,” Herring said Thursday.

This is far from the first time that elected leaders in the state have wrestled with Virginia’s history by wiping away emblems of its past. Virginia Gov. Ralph Northam (D), who himself faced intense public scrutiny over a blackface photo, appointed a commission to find racist language that persisted in the state code, which the General Assembly ultimately used to scrap discriminatory language from its books. Confederate statues across the state, including the state’s biggest statue of Confederate Gen. Robert E. Lee, have fallen one by one since the state overturned decades-old prohibitions on the removal of Confederate war memorials.

Cynthia Hudson, former chief deputy attorney general of Virginia, chairs the Commission to Examine Racial Inequity in Virginia Law. She characterized Herring’s move, which she helped launch during her time with the attorney general’s office, as “a perfect complement” to the commission’s work.

“Just like Virginia wiped racist, outdated laws off its books in recent years, so too should it wipe away racist, outdated legal opinions that supported and helped to implement those laws,” she said in a statement.

Herring overruled the 58 opinions with support from state Sen. Mamie E. Locke (D-Hampton) and Del. Lamont Bagby (D-Henrico), who chairs the Virginia Legislative Black Caucus.

“This means a great deal,” Bagby said at the news conference Thursday, noting that his parents had been bused across the state to receive an education. “Not just to the ancestors, but to individuals who have lived through it.”

The president of the Virginia chapter of the NAACP, Robert Barnette, Jr., also spoke Thursday to commend Herring for his action and speak about his family’s experiences with racism in the state.

He described a childhood evening when he was sitting at the dining room table and asked his parents why they weren’t voting. They told him, he recalled, that they could not afford it. The $1.75 tax was too much.

“If they could be here today and see that that has changed from their generation to my generation, I know they would be smiling from ear to ear,” Barnette said.

Virginia’s past attorneys general issued scores of opinions applying laws that imposed poll taxes, whites-only primaries, segregated voter lists and literacy tests. Barnette called Herring’s ruling “an important step” in acknowledging those wrongs, but stressed that the state has more work to do.

“Virginia must continue to right the wrongs of the troubled past,” he said. “We will remain steadfast in ensuring that the progress continues, regardless of who is in public office.”
 

Ten Thousan Marbles

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Ten Thousan Marbles

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Feb 6, 2014
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BREAKING: Persecuted Republicans Forced to Drink Own Piss in Underground “Speakeasies”
ShowerCap

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A year after the Stoopid Coup, Trumpism has congealed into its current, chewed gum-like state; an amorphous wad of god-knows-what unnatural toxins, which we can no longer seem to avoid, on our casual strolls down democracy’s sidewalks, or our absentminded probings of the undersides of decency’s desks and counters; always unpleasant, though perhaps no longer surprising..........
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So, Republicans’re all excited, because their hard turn towards authoritarianism means one of their very favorite activities, book-burning, is back on the table. That’s what the whole, phony “critical race theory” panic is for, right? Trouble is, you’re still not allowed to SAY you want to burn books, and they’re just not bright enough to thread that needle, which is actually a fairly common shortcoming in the book-burning crowd, for reasons which I’m sure remain obscure.

ANYWAY, they’re so clumsy when it comes to concealing their true, long-term goals (in this case, a massive, eternal bonfire, forever annihilating every dissenting voice, past, present, or future) that they frequently wind up like Indiana state Senator Scott Baldwin, pullin’ down big time headlines for suggesting schoolteachers take it easier on Nazism, in the interest of “impartiality.” Can’t let the mask* slip like that, bro.

Look at how much better Ron DeSantis is at staying within the lines of plausible deniability, as he pitches his latest proposed assault on the First Amendment and objective reality. When Ron suggests deputizing every internet-addled crank with too much free time (just like that batshit abortion law in Texas) to hunt down and punish thoughtcrime in public schools, he justifies it by claiming that to teach children that racism exists is to indoctrinate them to “hate America,“ and while that’s some straight Iron Curtain shit, he gets away with it, because he doesn’t trumpet the fact that he got the idea from the Complete Idiot’s Guide to Totalitarianism. You takin’ notes, Baldwin?

By the way, the Virginia GOP’s version of this horseshit was apparently drafted by prominent scholars of American history who believe Abraham Lincoln debated Frederick Douglass, (ABOUT WHAT, YOU ****HEADS?) and I’m proposing legislation that would require federal, state, and local lawmakers to pass a modest selection of the tests administered to our nation’s assorted seventh graders before they’re allowed to even ****ing think about changing education laws.............
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Gym Jordan, who has been known to bleat defiantly at confused passersby that he has “nothing to hide” from the January 6th commission, announced his intention to hide, if he’s able, from the January 6th commission. You gotta admit, the creep stays on-brand; if a situation presents any opportunity, however fleeting or slight, to demonstrate moral cowardice, James Daniel Jordan will find it, and while I don’t believe lawmaking is a good fit for this personality type, I’m sure there’s a spot for him in the next Alien movie.........
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I see Kevin McCarthy is already publicly fantasizing about the fun, fashy abuses he’s got planned for that speaker’s gavel. He’s gonna evict multiple Democratic congressmen from their committees, y’see, in revenge for (QAnon lunatic) Marjorie Taylor Greene and (open white nationalist) Paul Gosar, who were stripped of their own assignments for, lest we forget, inciting violence against their fellow elected representatives of the American people.

Hey, remember when “you shouldn’t try to get your coworkers murdered by crazy people” was an uncontroversial statement, a bipartisan belief? Wasn’t so very long ago. But from the Trump White House to Kyle Rittenhouse, Republicans have put a whole lotta work in, normalizing violence as a viable, even necessary political tactic, and it’s clear they’re going to make us pry that nasty new corner of the Overton window out of their brain dead hands.

Like, didja catch Rand Paul’s shitty shenanigans this week? He was doing that thing he does, by which I mean rotating Anthony Fauci, one of the mob’s very favorite targets, back into the crosshairs of the Two Minutes Hate. The good doctor made the eminently reasonable request that Senator Paul cut it out with the incendiary falsehoods that have led to death threats and harassment targeted not just himself, but his family. (Oh, and also maybe stop fundraising off the whole thing, you sociopathic taintwart.)

And watch Rand. Really ****in’ watch his response, as a fellow human being tells him his behavior led directly to a barrage of death threats. It’s about halfway between “Don’t care” and “Yep, and one of ‘em’ll get you one of these days, too.”

That’s who Rand Paul is. That is 100% of what you need to understand about Rand Paul. And ignore it at your peril, by the way.

If you’re unable to afford a Rand Paul of your own, may I suggest Kansas’ Roger Marshall as a passable generic knockoff, with his cringey, attention-seeking “FAUCI Act?” Jesus, Roger, you’re not even a good troll. Moron. ........
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So, the latest wingnut miracle cure for Covid is Drinking Your Own Piss, and I’m only surprised it took us two years to get here. While I haven’t formally conducted the polling, I’m fairly certain there’s not one person left in this country with the energy to stop these tantrum-throwing ****wits from ingesting materials their own bodies released as waste, (biology, like all the major sciences, is for cucks) so keep on chuggin’ pee, kids, I’ve heard you own a dozen libs with every sweet, sweet drop.

…have we heard any “somebody punched a doctor for refusing to hook their Covid-stricken spouse’s catheter directly into their IV bag” stories yet? Give it a couple weeks........
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We got a fun look at the documents Team Treasonweasel used in their Trojan Horse But Dumb plot to replace seven states’ legitimate election results with Folgers Crystals, or three fascist toddlers in a trench coat, or just Junior n’ Eric, bleeding from the lip after attaching fake mustaches with staples. If this clown brigade ever filters the piss guzzlers out of leadership, we’re gonna be in trouble..........
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Rolling Stone reports the Big Lie, that tumor spreading through the body politic, receives crucial financing from the wealthiest right-wing megadonors around, including our old friends in the DeVos family. I’m told Betsy wants to see American democracy die during her lifetime so badly, she’s redirected funds slated for cosmetic upgrades to as many as three of her yachts; truly it’s that sort of sacrifice that made this nation great...........
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Congratulations go out to domestic terror cell leader Stewart Rhodes, who’ll encounter all kinds of fun new oaths to keep as he makes his way through the criminal justice system, thanks to his shiny new SEDITIOUS CONSPIRACY CHARGES, stemming from his role in the Capitol Riot. Rhodes helpfully provided prosecutors a digital paper trail as sturdy as it is damning, so expect him to skip directly to the long legal struggle to win the religious freedom to drink piss in federal prison.

One of Rhodes’ co-conspirators in the plot to violently overthrow the American government turns out to be a regular on Tucker Carlson’s White Power Hour, a useful reminder that the most-watched show on cable literally platforms terrorists in its ongoing effort to radicalize the white nationalist mass murderers of tomorrow. (When it’s not the staging ground for the ritual debasement of any U.S. Senators who dare deviate from death cult doctrine, of course.).........
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Well, the radical, unhinged, and incidentally stolen SCOTUS majority snickeringly stripped the Biden Administration of important pandemic-fighting powers, heroically preserving the right of amoral crotchmaggots to undermine public health policy through malicious gaslighting, because if there’s one thing the Founding Fathers hated with a fury that shook the very powder from their wigs, it’s Americans surviving when they could be dying instead........
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Hey, has anybody else noticed the steady trickle of redistricting news has been…actually pretty good? Accompanied by some sharp shifts in the ol’ Generic Congressional? And now this latest ruling, from Ohio, has gotta leave you more excited than ever to VOTE IN THE GODDAMN MIDTERMS, right? I mean, yeah, a lot of the fundamentals are against us, but we’re also just a variant away from a blowout, so…I mean, as the saying goes, “never interrupt your enemy when he is, for whatever reason, pounding carpentry nails into his own forehead.”........
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Good gravy. Well, as much fun as this was, this particular frog is jumping out of the boiling water for the time being, if only to grab a cold beer from the fridge. I ****ing well deserve it. And so do you, actually. Pick your poison and get your weekend started, friend, that’s what I say. Unless your poison’s piss. Oh heck, imbibe what you want, it’s a free country! Just stay safe out there…
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* Hood