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Tag Archives: law

Moral Hazard and Bank Bailouts

My mind goes back to 2008. I was recently tempted to ask why bad loans by banks are a public problem. I was tempted to say that the bank made the loan, so it is their problem. If enough debtors default that the bank fails, so what? Then I remember the very appealing logic of the argument that, while other banks are free to save Lehman if they choose, no public money should be involved. That didn’t work out very well. The tempting pure market let...

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Two Executive Orders, Eastman Sues, Trump’s Properties, and Biden Sanctions Russia(?)

Prof. Heather Cox Richardson (substack.com) “Letters From An American,” January 31. 2022 There are more topics covered in yesterday’s Letter than I can list in the title. It is an interesting mixed bag of experiences we are enduring and what is being reported. I have also included the links below if you wish to do a deeper dive on each topic. It was yesterday, I had read and heard a C&L report featuring George Conway telling CNN trump...

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On the retirement of Justice Breyer: is this any way to run a country?

On the retirement of Justice Breyer: is this any way to run a country? Long long ago I remember reading that Justices William Brennan and Thurgood Marshall, both about 70 years old at the time, decided not to retire during the Presidency of Jimmy Carter, because he was not liberal enough, preferring to wait for the next, more left-wing Democratic President. Heh!   Liberals got lucky when, upon Brennan’s retirement in 1990, David Souter was...

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Qualifications?-According to Republicans, You Just Need to Be a Minority

Thanks to Digby at Hullabaloo for posting the qualifications of President Joe Biden’s pick (Ketanji Brown Jackson) to replace justice Stephen Breyer Justice at SCOTUS. I’ll (digby) just lay out the qualifications of the presumed front runner for the job: Ketanji Brown Jackson: Fifty-one year old Ketanji Jackson fulfills a lot of requirements for the establishment set. She has the same Ivy League credentials as the sitting justices, having...

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Can Repubs Block Stephen Breyer’s Replacement?

Not sure why Democrats are so trusting with Republicans with Deal-Making. “The Senate is split 50-50, with Vice President Kamala Harris breaking the tie. So far, so good, given past Senators have changed the rules for judicial nominees to get across the finish line with just 51 votes. The so-called nuclear option is meant as a last resort, but with the exception of Chief Justice John Roberts, none of the current conservative Justices cleared a...

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In Defense of National Federation of Independent Business v. Department of Labor*

In Defense of National Federation of Independent Business v. Department of Labor*, Econospeak, Barkley Rosser On January 13, the US Supreme Court, by a vote of 6-3, blocked the Biden administration’s vaccine mandate.  The policy took the form of an emergency OSHA (Occupational Safety and Health Administration) standard and would have required all firms with more than 100 workers to mandate vaccination or a testing regime as a condition for...

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SCOTUS Denies trump’s Demand . . .

SCOTUS Denies Trump’s Demand To Withhold Docs From Jan 6th Committee DONALD J. TRUMP, FORMER PRESIDENT OF THE UNITED STATES v. BENNIE G. THOMPSON, IN HIS OFFICIAL CAPACITY AS CHAIRMAN OF THE UNITED STATES HOUSE SELECT COMMITTEE TO INVESTIGATE THE JANUARY 6TH  ATTACK ON THE UNITED STATES CAPITOL, ET ALThe application for stay of mandate and injunction pending review presented to THE CHIEF JUSTICE and by him re-ferred to the Court is denied.“To be...

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“I shall Defend The Rights Of Parents”

“I shall Defend The Rights Of Parents” This is what new Virginia Governor Glenn Youngkin said when he made an executive order on the first day of his term to ban school systems from having mask mandates. Some systems will not go along, including that in Arlington and mine in the city of Harrisonburg. He claims to be defending the rights of parents, somehow not noting that he is violating the rights of parents who do not want their children be...

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Let It Be On Their Heads

Today the conservative majority of Supreme Court Justices decided that federal vaccine mandates are unconstitutional, that states rights and employer rights are more important than the public’s welfare in this time of pandemic. It is likely that their decision will result in the unnecessary death of as many as 250,000 Americans. Let it be on their heads. Let history show for all times that these 250,000 unnecessary deaths are upon the heads of...

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Redistricting

When a fellow CNN correspondent asked their own Dana Bash what were the underlying causes of the nation’s partisan gridlock, Bash replied, “Three things: redistricting, redistricting, and redistricting.” Congress, let’s get it right. First off, Congressional Districts are under the purvey of federal, not state, law because the constitution says: Section. 4. The Times, Places and Manner of holding Elections for Senators and Representatives,...

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