Wonder what he ordered…
In other McDonalds news, fast-food workers in NYC are on strike.
Mitt Romney doing regular stuff is cool and all but when will we get to see him shooting up heroin in an alleyway?
Chris Hayes on how Romney broke the rules of the debate, and why it matters:
I thought the moment of the oil drilling, that debate to me was a key moment. The reason was this. Mitt Romney asked the president a direct question numerous times, kept interrupting him, “Isn’t it true? Isn’t it true? Didn’t it go down?” Now the rules for the debate, that we all got leaked, number five, subsection E: “The candidates may not ask each other direct questions during any of the four debates.”
Now, at a certain level, who cares, right? Who cares? Here’s why I care. The theme of the last ten years of this country is the people at the top have felt the rules don’t apply to them. And you send your people to sit down and negotiate a set of rules, and 20 minutes into it you throw it out the window. And everything we’ve seen, from the financial crisis to everything else that’s happened in this country, has been about the oligarchs and the ruling class and the people at the top feeling that they are not a party to the social contract. So some stupid little contract that was negotiated by your people, you don’t worry about.
The GOP candidate invested in 10 Chinese companies recently—including ones that embezzled, partnered with Iran, and stole US trade secrets. The lowdown is here.
The presidential candidates sparred over financial reform in Wednesday night’s debate, with Mitt Romney attempting to tack to the center, proclaiming his support for Wall Street regulations. Republicans, however, have fought tooth-and-nail to neuter or eliminate the key agencies charged with writing and enforcing those regulations, among them the Consumer Financial Protection Bureau, which Romney has derided as “the most powerful and unaccountable bureaucracy in the history of our nation.”
This week, however, brought fresh evidence of the need not only for strong regulations but strong regulators, like the CFPB, as well, to enforce those rules and police Wall Street’s financial institutions. New York Attorney General Eric Schneiderman filed suit this week against JPMorgan Chase for ”multiple fraudulent and deceptive acts” at Bear Stearns, which is now owned by JPMorgan, in the run-up to the financial crisis. In fact, the fraudaulent behavior was so bad, according to the civil complaint filed Monday, that Wall Street traders were circulating rumors of a full-blown meltdown at Bear Stearns more than a year before the firm nearly collapsed, triggering the financial crisis:
By the end of 2006, [Residential Mortgage-Backed Securities] traders at other banks were beginning to hear “rumors of a credit meltdown at [Bear Stearns]” … According to the trader who had heard the rumor, the “precise description” of Bear Stearns’ state at that time was “def co[n] 3” - or “defensive condition 3” - the military term signifying a heightened state of alert. The trader sharing the “rumors” then pointedly remarked: ”little due diligence upfront makes for a bad day 12 months later.”
Wall Street regulators were apparently so ineffectual that a full year of rumors about a “meltdown” at one of the world’s largest financial institutions escaped their attention. Now, Republicans are working relentlessly to gut the very institutions charged with preventing a similar meltdown from happening again.
If there can be only one (photo to sum up the Romney campaign), it should be the one in this post.
A 2011 Paul Ryan proposal would have criminalized IVF—a procedure Romney’s own kids have used.