In a Guardian column, former Citigroup (C) forex trader Chris Arnade details why Wall Street has a hard time being ethical. It's his view from working on Wall Street for 20 years (he left in 2012 to pursue writing and photography).
In his article and the accompanying video interview, Arnade describes a culture in which the rules were flouted and those doing the flouting were rewarded with better pay and lauded as "risk takers." He says he imagines the people named in the LIBOR and other scandals are probably genuinely confused as to why they are being singled out.
"They were just doing what they had been trained to do: bending the rules, pushing as far as they did to beat competitors," he says. In the video, he also talks about his personal contribution to the corruption he describes.
But has it gotten better since the financial crisis?
"No," says Arnade. "What surprised me and ulitmately drove me off of Wall Street [was] I expected after the financial crisis, we would all sort of look at each other and say 'this philosophy of unregulated free markets, it didn't work'...I had expected many people on Wall Street would say 'hey, let's rethink what we're doing,' and actually the opposite happened."
You would be wrong. Look at his accomplishments. Doesn't matter whether you like it our not he has accomplished a lot. Too much to list here. Still to come- immigration, minimum wage, tax reform, Iran deal, energy independence.
Government picks up 72% of the tab but they have to buy on the exchange. I guess they must be indigent to need government subsidies.
Members of Congress who are signing up for insurance through the District of Columbia health exchange are getting enhanced customer service and benefits, The Los Angeles Times reported.
During the 2010 debate on the Affordable Care Act, goaded by Iowa Republican Sen. Charles Grassley, Congress voted that members and staff would give up their first-class congressional coverage and purchase health insurance though the exchanges just like other Americans.
Over time this solidarity was modified and diluted, according to the Times.
Elected officials are now treated as "small businesses" at the District exchange instead of as individuals, and can choose from 112 plans, compared to 34 available to the general public.
This munificent benefits package is in line with what was available to them prior to Obamacare.
In-person counseling is also available on Capitol Hill to assist with any questions members or their staffs may have.
Four major insurers are actively competing for their business and have dedicated hot lines to answers queries from members of Congress, the Times reported.
These perks are no different than those offered to other large employers in the District of Columbia, say congressional staffers.
It was Grassley's intent in 2010 that Congress live under the same healthcare policies it was legislating. Now, however, participation is no longer required and elected officials and staff who get insurance from the district's exchange are eligible for subsidies of as much as 75 percent of their monthly costs.
Staffers who do not work directly in a lawmaker's office may keep their old health plans
In store sales up only 2.3%. That was with the evangelical campaign to curtail shopping on the Thanksgiving holiday. Or is it just more people moving to online shopping?
You must be talking about the supreme court making corporations people? Maybe the voter ID restrictions? We never had to have an ID in the past. Or is it the many new rules about courts and holding people without charges or spying in the patriot act. Laws compelling medical procedures for women?
Yes the land that welcomes the poor with opportunity for all, without discrimination for race, color, creed, sex, sexual orientation, or religion. Lets not let anyone change that.
We will see. Certainly not accepting your figures. Red states where they are trying to make it fail may be expensive but in California and Kentucky it seems to be doing quite well according to preliminary reports.
(CNN) – Despite the flawed rollout of HealthCare.gov, a majority of Americans still seem to have an open mind about whether Obamacare will work, and more than half of those surveyed in a new national poll believe the current problems can be solved.
A CNN/ORC International poll also indicates nearly six in 10 Americans oppose the national health care law, but some give the Affordable Care Act a thumbs down because it isn't liberal enough.
According to the survey released on Wednesday, four in 10 say they support the law, with 58% opposed. Those figures are little changed from a CNN poll a month ago, just two weeks into the rough start up of HealthCare.gov and mostly before the controversy over insurance policy cancellations due primarily to the new health law.
But 41% say they oppose the law because they think it's too liberal, with 14% saying the measure doesn't go far enough. That means that 54% either support Obamacare, or say it's not liberal enough.
Is the new law a success or failure?
Nearly four in 10 say it's a failure, with 53% saying it is too soon to tell
Notice how the poor Mutt fevoter spews out excrement , licks it up, spews it out again then licks it up and spews it again and.....
Other just as plausible accounts:
In Gone With The Wind, the Union Army believes Rhett to have the missing Confederate gold, and they threaten to hang him.
In the Italian comic book Tex, Confederate gold was placed on board a Confederate river ironclad which ended up in the swamps around the Arkansas River. The gold was later found by members of the Ku Klux Klan who intended to use it to finance a new rebellion in the Southern United States. The ironclad was destroyed in the explosion, along with the gold, by Tex Willer.
In the Franco-Belgian comic book Blueberry, Confederate gold was smuggled to Mexico by group of Confederate soldiers led by Colonel Trevor, who buried the gold in graveyard in one deserted village. The gold was later found by Juaristas who used it to finance their fight against Emperor Maximilian I of Mexico.
In the 1966 Spaghetti Western movie The Good, the Bad and the Ugly, the protagonists get information about lost Confederate gold worth 200,000 dollars hidden in an unknown grave at a cemetery.
In the 1994 movie Timecop, a single traveler from the future hijacks a shipment of Confederate gold using advanced automatic weapons with laser-sighting. This gold is mentioned later to be used in untraceable payment to terrorists in 20th century.
In the 2005 action movie Sahara, Confederate gold was placed on board the CSS Texas which ended up in Africa. The gold was later found by Dirk Pitt.
In the 2012 TV series Alcatraz, Confederate gold was hidden beneath Alcatraz prison by the warden in 1960 to be discovered in 2012.
Seems to once again have stumbled in to some excrement he couldn't digest and is spewing it all over himself and the board. Maybe the gerbil he is so concerned about has eaten a hole in his colon. Pity the poor mutt and stay well away. If you happen to step in his mess he'll follow you around trying to lick it up.
From the drips he leaves on the board, not very well. Some is libelous slander.
Most people recognize all the problems we have are caused by the tea party and GOP. 24 billion cost of trying to shut down the government was just a drop in the bucket in what they have cost the public over the last 5 years.
Excuse my stray dog fevoter has once again strayed in to the garbage dump and swallowed some vile concoction, had another bowel movement and spewed fictitious slander all down his legs. No one is going to clean him up so you'll just have to put up with the stench.
So funny. Any insurance is obamacare. All Obamacare is is a requirement that you be covered by a plan with certain minimum coverage by a private company. There is no government plan called Obamacare. If you have insurance after 1 January you will be on Obamacare. If you are poor you might get some help with the bill.