Before Dodd retires this January, he put through his financial reform bill. One of the regulations allows clearinghouses access to some of the Federal Reserve's loans.
A provision in the legislation allows clearinghouses that may pose risks to
the broader marketplace to access some of the Federal Reserve's loans, including the discount window. The measure would let clearinghouses overseen by federal market regulators, such as the Options Clearing Corp. and CME Group Inc.'s (CME) clearing venture, potentially tap discount window funds without registering as bank holding companies or being primarily regulated by the Fed.
It seems CME's board of directors has a Jackie Clegg who makes $153,000 per year on it. Jackie Clegg is also known as Mrs. Chris Dodd. Remember the golden rule: "Those with the gold rule."
A Climate Bill--On the ropes?
"The Senate climate bill has been at death’s door several times over the past
year. But with the days before the August recess quickly slipping away, the case
may truly be terminal now. "
Some fun with Global Warming Proponents
I found this on the web. It is a satire of the famous Jack Nicholson's speech in the movie "A Few Good Men." It's titled "You can't understand the truth!"
"Son, we live in a world that has walls. And those walls have to have
scientific equipment on them to gather data, and that data studied by men with
computers. Who’s going to do it? A layman like you? I have a greater
responsibility than you can possibly fathom. You weep for the global warming
skeptics and curse the climatologists. You have that luxury. You have the luxury
of not knowing what I know.
Have some fun, you can read it here. http://mensnewsdaily.com/2009/12/04/climategate-you-want-the-truth-you-cant-understand-the-truth/
More Bad News if you are a Democrat
It seem any Republican is now in the position to defeat Barack Obama.
"A year after President Barack Obama's political honeymoon ended, his job
approval rating has dropped to a negative 44 - 48 percent, his worst net score
ever, and American voters say by a narrow 39 - 36 percent margin that they would vote for an unnamed Republican rather than President Obama in 2012, according to a Quinnipiac University poll released today."