Conservative Logic
Someone hand me some Advil. I’ve got a massive headache.
Someone hand me some Advil. I’ve got a massive headache.
The Article: Laundering $881 Million Is Now Acceptable by Greg MacSweeney in Wall Street & Technology.
The Text: Elizabeth Warren, the newest member of the Senate Banking Committee, was at it again this week. This time the freshman Senator, who seemingly has more experience dealing with financial services matters than her more “senior” colleagues, interrogated banking regulators on HSBC’s money laundering settlement.
Remember that settlement from last December? HSBC was fined for failing to monitor over $670 billion in wire transfers and over $9.4 billion in purchases of physical U.S. dollars from HSBC Mexico from 2006 to 2010. At least $881 million of those funds were tied directly to drug trafficking proceeds, according to the Department of Justice.
Once again, Warren relied on a simple and direct approach to her questioning. In fact, she used the same method to grill regulators a few weeks ago about how no bank has been taken to trial for the financial crisis. The method: ask a simple question, and press for a direct answer.
After looking at a study done by UC Berkeley, the answer is a resounding yes. Shocking, yes; politicians are out of step with their own constituents.
Yes, in spite of what the ratings-hungry pundits squawk, the deficit is shrinking at the fastest pace since World War Two.
The Article: John McCain Hates the Ridiculous GOP He Created in The National Memo.
The Text: When Senator Rand Paul ended his nearly 13-hour filibuster of President Obama’s nominee for CIA director — to visit the restroom — Republicans were ecstatic. They’d found a way to attack President Obama from the left on drone policy while mentioning the Constitution, Jane Fonda and Hitler over and over.
It was like a Tea Party fever dream come to life on C-SPAN 2.
For some on the left, including The Nation‘s Jeremy Scahill, The Guardian‘s Glenn Greenwald, Esquire‘s Charles Pierce, Mother Jones‘ Adam Serwer, and Marcy Wheeler — many of whom Paul cited from the Senate floor — the junior senator from Kentucky was opportunely raising the issue of extrajudicial killings in a way their years of journalism could not. Other progressives joined Republicans in standing with Rand, knowing if a Republican ever got into the White House, it would be too late to check the broad executive power that’s been unfurled in the war against al Qaeda.