Pulp_Cutter

ROFL.

http://money.cnn.com...ex.htm?iid=Lead

Excerpt:

NEW YORK (CNNMoney) -- Regulators are looking into a report that Morgan Stanley, the lead underwriter for Facebook's initial public offering last week, shared a negative assessment of the social network with major clients ahead of the IPO.

The comments from Rick Ketchum, head of the Financial Industry Regulatory Authority, an independent regulatory body, came after an article from Reuters said that a Morgan Stanley analyst reduced his revenue projections for Facebook (FB) shortly before the offering and shared this with institutional investors.

My link - apologies if a repost

http://apps.american...t-Katherine.pdf

Reuters link...

Excerpt:

ATHENS, May 15 (Reuters) - Greece's economy shrank a hefty
6.2 percent in the first quarter of 2012, showing that the
debt-choked country, now in political disarray, is nowhere near
getting out of a crisis that could see it pushed out of the euro
zone.
    Record unemployment, wage cuts and tax hikes have hammered
the economy - now in its fifth straight year of recession - and
turned voters away from the mainstream political parties that
backed the country's EU/IMF bailout agreement.

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How are the Greeks going to pay off their debt, if they have no economy?

[url="http://act.boldprogressives.org/sign/sign_glasssteagall/?akid=7784.405296.oiaEpO&rd=1&source=e1-warren-fin&t=3"]This link should be for all registered voters in America - not just Massholes...[/url]

We’ve seen all the headlines: JP Morgan Chase took risky bets and lost two billion dollars in a matter of weeks.

CEO Jamie Dimon called the bets “poorly reviewed" and even "sloppy." He added, "We will learn from it, we will fix it, and we will move on."  

Frankly, I don’t think we should just trust Wall Street banks to regulate themselves. Because as we learned during the 2008 financial crisis, they are not just taking risks with their own money -- they are taking risks with the whole economy.

That's why today, with the Progressive Change Campaign Committee, I'm calling on Congress to put Wall Street reform back on the agenda and to begin by passing a new Glass-Steagall Act. This was the law that stopped investment banks from gambling away people's life savings for decades -- until Wall Street successfully lobbied to have it repealed in 1999.

Will you join us in calling on Congress to hold Wall Street accountable and pass a new Glass-Steagall Act? Click here to stand with us!

A new Glass-Steagall would separate high-risk investment banks from more traditional banking. It would allow Wall Street to take risks, but not by dipping into the life savings and retirement accounts of regular people.

And by making banks smaller, a new Glass-Steagall could also help put an end to banks that are "too big to fail" -- further avoiding costly taxpayer bailouts.

Wall Street's risky bets nearly brought the economy to its knees in 2008. But instead of taking responsibility, Wall Street lobbied to water down the Dodd-Frank financial reforms of 2010 and fought to weaken the reforms Congress passed.

It has become clear over time -- and made even clearer this past week -- that additional Wall Street reforms are needed.

Please join us in urging Congress to put Wall Street reform back on the table -- and pass a new Glass-Steagall Act today.

Thousands of Progressive Change Campaign Committee members have stood with me in my campaign for the Senate -- and many were with me before that when I was fighting for the Consumer Financial Protection Bureau. I thank you from the bottom of my heart.

If I'm elected to the U.S. Senate from Massachusetts, I promise this difference from my Republican opponent Scott Brown: I will be a reliable and strong champion for commonsense Wall Street reform. But we don't have a moment to waste.


Together, we must urge Congress to act now.

Thank you,
Elizabeth Warren

Forbes link: Forbes columnist, Josh Barro, was on Romney's staff when he was Mass governor

Excepts:


Romney’s actions as governor also suggest that he doesn’t view bullying as a significant problem. In 2006, Romney threatened to dissolve the Governor’s Commission on Gay and Lesbian Youth, established by Republican Governor William Weld in 1992, and then to expand its mission to cover all youth. The legislature established a independent commission, overriding a Romney veto, in response to these threats. A key part of the commission’s mandate is the prevention of anti-LGBT bullying in schools.

His administration also repeatedly delayed the publication of an anti-bullying handbook for public schools, which had been developed in 2002 by Governor Jane Swift’s Task Force on Hate Crimes. Kathleen Henry, who chaired the Commission on Gay and Lesbian Youth at the time, said she thought the guidebook was held up due to its LGBT-related content, particularly content to do with transgender students. Ultimately, the handbook was published under Governor Deval Patrick, six years after it was first drafted.

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The story is more damning for Romney in other ways. It’s telling that the campaign seems to be having so much difficulty finding any friends from the Cranbrook School to talk to the media about what a good guy he was. The Romney camp reached out to Stuart White (who threw the party where Mitt and Ann Romney met) asking him to make supportive remarks. Instead, White contacted ABC News and expressed his ambivalence to do so, saying “it’s been a long time since we were pals.”

Another old friend of Romney’s told ABC on background that Romney’s behavior in high school was  “like Lord of the Flies” and that a number of people from Cranbrook have “really negative memories” of him.