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commentary on Politics and a little bit of everything else

FiveThirtyEight on the SEC going after Goldman-Sachs……

Hale “Bonddad” Stewart over @ FiveThirtyEigth gives us a rundown on the SEC compliant……

First, the document filed by the SEC is a complaint. The purpose of this document is to define the issues for trial. Usually, the person filing the complaint has done a lot of investigation before filing the document — so much so that they can more or less anticipate what the defendant will do.

Then goes over the specifics…..

a) Use of interstate commerce for purpose of fraud or deceit….to wit……..

It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce or of the mails, or of any facility of any national securities exchange—

He then makes Seven more points……

Then gives this analogy on why the SEC should win the case……


Let me add this personal thought. I have very high hopes that the SEC wins this case. As I mentioned above, they have a good case. But the real reason is best illustrated by a story. This year my wife and I went to opening day at Wrigley Field (which should be a national holiday). While we were walking around the streets that surrounded Wrigley we saw a group of four cops — and I mean cops. All I could think of when I saw these guys was one of them saying to a someone, “don’t make me.” My guess is at least two of them were ex-football players. They were standing in a group talking and basically making their presence quietly felt. At this point I knew nothing bad was going to happen on that street. Why? Because of this group of cops — they would make sure nothing bad happened. In essence, you felt this quiet law enforcement presence on the street. That’s what the SEC needs to do — or more importantly, needs to establish. Right now, there is no law enforcement presence on Wall Street at all. Wall Street needs to know there is a cop on the beat to deal with excesses in the system.

For the whole Post…..and the numerous comments…..

The Dog still thinks Goldman-Sachs will still be proudly standing after this whole thing is all over…for those you who want to read another Goldmen-Sach caper…..

Dig this.…….

April 26, 2010 Posted by | Blogs, Breaking News, Counterpoints, Government, Law, Media, Men, Other Things, PoliticalDog Calls, Politics, The Economy, Updates | , , , , | 1 Comment

Martha Coakley……..

The Massachusetts Attorney General, Martha Coakley, is alive and well thank you….

And the wiser on how to run a political campaign

CD typed that she was finished the other day…

He was wrong……..

This from PolitcalWire……

Coakley May Have No Challenger in Massachusetts

Three months after her loss in the Massachusetts U.S. Senate race, Martha Coakley (D) “faces the very real prospect of being re-elected as Massachusetts attorney general this fall without a Republican opponent,” the AP reports.

“The shift reflects lingering weakness within the state GOP, despite its success in staging Scott Brown’s upset win. It also highlights Coakley’s work to rehabilitate her image, as well as the satisfaction some voters feel for her in her current role.”

April 26, 2010 Posted by | Blogs, Breaking News, CD @ PolitcalDog, Counterpoints, Government, Law, Media, Other Things, PoliticalDog Calls, Politics, Polls, Projections, Updates, Women | , | 1 Comment

Alexi Giannoulias pushes back…..

What did you think?

He was going to just give up?

Come On!…This is Chicago politics people!

The Illinois Democrat’s campaign on Monday launched its first general election ad, and the candidate asserts he is “very proud” to have worked for Broadway Bank.

“It’s helped thousands of people achieve the American dream — people who couldn’t go to the big banks,” Giannoulias says of the bank, adding that, “when I left over four years ago, it was in good shape.”

Giannoulias closes by saying: “If a business like my father’s that he started 30 years ago can fail, it’s happening everywhere. People want someone who’s going to fight for them.”

For the Ad……..

April 26, 2010 Posted by | Blogs, Breaking News, Counterpoints, Entertainment, Family, Government, Home, Law, Media, Men, Other Things, PoliticalDog Calls, Politics, The Economy, Updates | , , , , | 1 Comment

Senator Lindsey Graham (SC-R)…….

Over the last few week’s the Dog has seen one name pop up in the most unlikely places….

Senator Lindsey Graham……

With Democratic Senator Schumer……With the Gitmo and Immigration stories…..

What gives?

“I’m in the center of a lot of important debates — I like that,” Mr. Graham, a South Carolina Republican who has carved out a role for himself as this city’s resident maverick, said in an interview on Monday. “I want to be a conservative who can put conservative principles in play on hard issues.”

So Mr. Graham, a cherubic-looking 54-year-old, has been busy this year, reaching out to Democrats in an effort to broker deals on hot-button issues like energy andimmigration and closing the prison at Guantánamo Bay. As the rare member of his party who is consistently willing to cross the aisle, he has filled a niche once occupied by his close friend and mentor, Senator John McCain, the Arizona Republican.

Now, though, Mr. Graham’s position as the go-to Republican for the Obama White House is in doubt. Over the weekend, he abruptly reversed course, backing out of plans to unveil a long-awaited bipartisan energy bill — a high priority for President Obama. He has scheduled a news conference for Tuesday to urge the Senate Democratic leadership to put off debate on another of his priorities, an immigration overhaul.

Mr. Graham says he had received assurances from the Senate majority leader, Harry Reid, that energy would come first and accuses him of making a sudden push for immigration — an effort Mr. Graham says will only divide the country — to appease Hispanic voters in an election year.

“I was mad, because they brought immigration up in the 11th hour,” the senator said, adding, “If you’re going to do business with people, they’ve got to understand that you can push back.”

His reversal has thrown official Washington into a tizzy, raising questions about his motives. Some Democrats whisper that he must be trying to spare Mr. McCain, who is facing a tough primary challenge from the right, an uncomfortable vote on immigration. Others openly surmise that Mr. Graham must have caved in to his Republican critics.

“There has been enormous back pressure against the kind of bipartisan cooperation that Senator Graham has engaged in,”Lawrence H. Summers, Mr. Obama’s top economics adviser, said Sunday on “Face the Nation” on CBS. “And that perhaps has made this a more complex situation and more difficult for him than it would otherwise be.”

More……..

April 26, 2010 Posted by | Blogs, Government, Law, Media, Men, Other Things, PoliticalDog Calls, Politics, Updates | | 2 Comments

Republican's stop the Wall Street Fianace Bill….for now….

Everybody knew this was going to happen…

The GOP will hold tight …looking for concessions in the bill…..

The president again will have to personally step in to get it done…..

This is Healthcare all over again….drama….but it’ll get passed…..

This is the way of the US Congress….

Enjoy the ride…..

Sensing political momentum at a time of deep public anger at Wall Street, Democratic leaders said they would keep the regulatory bill on the floor — and delay the rest of their busy legislative agenda — to ratchet up the pressure on the Republicans.

Democrats said they believed the fight over financial regulation — and signs of economic recovery in many parts of the country — could help turn the tide of anti-incumbent sentiment that has them bracing for substantial losses in November.

President Obama joined in criticizing Republicans for refusing to begin debate, and urged them to “put the interests of the country ahead of party.”

“We are as vulnerable as we are today in the waning days of April 2010 as we were in the fall of 2008,” said SenatorChristopher J. Dodd, Democrat of Connecticut and chairman of the banking committee, who is the primary sponsor of the bill. “Nothing has changed, except, of course, jobs have been lost, homes have gone into foreclosure, retirement incomes have evaporated, housing values have declined.”

Republicans, too, see major advantage in their stance, with the Senate minority leader, Mitch McConnell of Kentucky, using the issue to bolster his overarching political argument this year: that the Democrats’ one-party rule in Washington is detrimental.

Mr. McConnell, in a floor speech on Monday, rattled off a list of major legislation that he said had not benefited Americans in the ways Democrats had promised, including the economic stimulus measures and the health care legislation. “The days of taking the Democrats’ word for it are over,” he said.

The vote on Monday was 57 to 41, as Democrats fell short of the 60 votes needed to cut off a filibuster of a motion to proceed.

More……..

April 26, 2010 Posted by | Breaking News, Counterpoints, Government, Law, Media, Men, Other Things, PoliticalDog Calls, Politics, Projections, The Economy, Updates, Women | , , | Leave a comment

Republican’s stop the Wall Street Fianace Bill….for now….

Everybody knew this was going to happen…

The GOP will hold tight …looking for concessions in the bill…..

The president again will have to personally step in to get it done…..

This is Healthcare all over again….drama….but it’ll get passed…..

This is the way of the US Congress….

Enjoy the ride…..

Sensing political momentum at a time of deep public anger at Wall Street, Democratic leaders said they would keep the regulatory bill on the floor — and delay the rest of their busy legislative agenda — to ratchet up the pressure on the Republicans.

Democrats said they believed the fight over financial regulation — and signs of economic recovery in many parts of the country — could help turn the tide of anti-incumbent sentiment that has them bracing for substantial losses in November.

President Obama joined in criticizing Republicans for refusing to begin debate, and urged them to “put the interests of the country ahead of party.”

“We are as vulnerable as we are today in the waning days of April 2010 as we were in the fall of 2008,” said SenatorChristopher J. Dodd, Democrat of Connecticut and chairman of the banking committee, who is the primary sponsor of the bill. “Nothing has changed, except, of course, jobs have been lost, homes have gone into foreclosure, retirement incomes have evaporated, housing values have declined.”

Republicans, too, see major advantage in their stance, with the Senate minority leader, Mitch McConnell of Kentucky, using the issue to bolster his overarching political argument this year: that the Democrats’ one-party rule in Washington is detrimental.

Mr. McConnell, in a floor speech on Monday, rattled off a list of major legislation that he said had not benefited Americans in the ways Democrats had promised, including the economic stimulus measures and the health care legislation. “The days of taking the Democrats’ word for it are over,” he said.

The vote on Monday was 57 to 41, as Democrats fell short of the 60 votes needed to cut off a filibuster of a motion to proceed.

More……..

April 26, 2010 Posted by | Breaking News, Counterpoints, Government, Law, Media, Men, Other Things, PoliticalDog Calls, Politics, Projections, The Economy, Updates, Women | , , | Leave a comment

Daniel……Election Projection Update…..

My Howdie over at Election Projection are now projected that we’ll win the PA-12 Special Election:

http://www.electionprojection.com/blog/archives/apr10/rating_change_gop_projected_to_win_murthas_seat_042510.php

Which also means that the current House Tally is now:

233 Dems
202 GOPers

Which brings me to this:

Who are those 16 House Seats that we need for a House Majority?

Here they are:

Wisconsin – 8 (Steve Kagan) PVI R + 2
Virginia – 9 (Rick Boucher) PVI R + 9
West Virginia – 1 (Allan Mollohan) PVI R + 9
Texas – 17 (Chet Edwards) PVI R + 20
Texas – 23 (Ciro Rodriguez) PVI R + 4
South Dakota (Herseth-Sandlin) PVI R + 9
South Carolina – 5 (John Spratt) PVI R + 7
Pennsylvania – 17 (Tim Holden) PVI R + 6
Pennsylvania – 11 (Paul Kanjorski, Scandal-plagued) PVI D + 4
Pennsylvania – 8 (Chris Carney) PVI R + 8
Pennsylvania – 4 (Jason Altmire) PVI R + 6
Pennsylvania – 3 (Kathy Dahlkemper) PVI R + 6
Ohio – 16 (John Boccieri) PVI R + 4
Ohio – 18 (Zach Space) PVI R + 7
North Dakota (Earl Pomeroy) R + 10
North Carolina – 8 (Larry Kissel) R + 2

So I  have found those 16 Seats we need for November. Why did I select them? Beccause the PVI (Partisan voting Index) favors Republicans here.

There are many more Seats Dems could lose though.

So “The Dog” ALWAYS dismissed we wouldn’t have the Seats & Playing Field to get a House Majority.

WE DO HAVE THEM!

Daniel G.

May I repeat my mantra….It is the end of April 2010…the midterm  election is SIX MONTHS AWAY!…..

An eternity in politics…….

The GOP is currently trying to stall a Wall Street Reform Bill that has huge voter support….the Democrats are going to probably push an Immigration Bill that could be a train wreck of a blessing…..Obama is doing fine on shutting down one war (the country is having breathing pains) and waging another (The battle for Kandahar will be during the summer )…..

Daniel…….I know you are trying…but I’m still going with the Dem’s keeping both houses……

April 26, 2010 Posted by | Blogs, Breaking News, Counterpoints, Daniel G @ PolitcalDog, Government, Media, Men, Other Things, PoliticalDog Calls, Politics, Polls, Projections, Updates, Women | , , | 2 Comments

Daniel….. PUNDIT STUNNER: Charlie Cook moves Ilinnois Senate Race from "Toss-Up" into "Leans Republican" Column……

Hello Folks!

WOW, just WOW again. This is BIG and this was unexpected. At least I didn’t expect it.

The Cook Political Report has shifted President Barack Obama’s old Senate Seat, the Illinois Senate Race which is featuring Kirk vs. Giannoulias from “Toss-Up” into “Leans Republican”

I would have thought that they would move Nevada or Arkansas earlier into the GOP Column BUT this is a REAL BARNBURNER STUNNER this evening.

Even Rothenberg didn’t have the guts to do it.

Here is the Cook writing:

Senior Editor Jennifer Duffy writes: As expected, the Federal Deposit Insurance Corporation seized control Friday of Broadway Bank, the community bank owned by the family of Democratic Senate nominee Alexi Giannoulias.

The bank’s financial problems and its business relationships with people associated with corruption and organized crime have dogged Giannoulias’ campaign since early February when he became the nominee. Broadway’s failure will have an enormous impact on Giannoulias’ campaign, and it is entirely possible that the fallout could force him from the race. As such, the race is moving from the Toss Up to the Lean Republican column.
http://cookpolitical.com/races/senate/ratings.php

Daniel G.

This from PoliticalWire……

How Does Giannoulias Win?

Michael Scherer: “The Illinois Senate race is playing out like an academic case study in crises management. Imagine this: Your client, a former chief loan officer for a local bank, is a Democrat heading into a Republican election year, in a state long stained by political corruption. Amid enormous public outrage over the damage wrought by bank excess, your client’s bank is seized by the Feds for having overextended itself in the mortgage market. Now figure out how to win the race.”

April 26, 2010 Posted by | Blogs, Breaking News, Counterpoints, Daniel G @ PolitcalDog, Government, Law, Media, Men, Other Things, Politics, Polls, Projections, Updates | , , | 3 Comments

Daniel….. PUNDIT STUNNER: Charlie Cook moves Ilinnois Senate Race from “Toss-Up” into “Leans Republican” Column……

Hello Folks!

WOW, just WOW again. This is BIG and this was unexpected. At least I didn’t expect it.

The Cook Political Report has shifted President Barack Obama’s old Senate Seat, the Illinois Senate Race which is featuring Kirk vs. Giannoulias from “Toss-Up” into “Leans Republican”

I would have thought that they would move Nevada or Arkansas earlier into the GOP Column BUT this is a REAL BARNBURNER STUNNER this evening.

Even Rothenberg didn’t have the guts to do it.

Here is the Cook writing:

Senior Editor Jennifer Duffy writes: As expected, the Federal Deposit Insurance Corporation seized control Friday of Broadway Bank, the community bank owned by the family of Democratic Senate nominee Alexi Giannoulias.

The bank’s financial problems and its business relationships with people associated with corruption and organized crime have dogged Giannoulias’ campaign since early February when he became the nominee. Broadway’s failure will have an enormous impact on Giannoulias’ campaign, and it is entirely possible that the fallout could force him from the race. As such, the race is moving from the Toss Up to the Lean Republican column.
http://cookpolitical.com/races/senate/ratings.php

Daniel G.

This from PoliticalWire……

How Does Giannoulias Win?

Michael Scherer: “The Illinois Senate race is playing out like an academic case study in crises management. Imagine this: Your client, a former chief loan officer for a local bank, is a Democrat heading into a Republican election year, in a state long stained by political corruption. Amid enormous public outrage over the damage wrought by bank excess, your client’s bank is seized by the Feds for having overextended itself in the mortgage market. Now figure out how to win the race.”

April 26, 2010 Posted by | Blogs, Breaking News, Counterpoints, Daniel G @ PolitcalDog, Government, Law, Media, Men, Other Things, Politics, Polls, Projections, Updates | , , | 3 Comments

Cuomo runs silent in the New York Governor's race…..

Well we ALL expected that he would have declared by now….

But he hasn’t….

Paterson has shut down……

And I’m sure no major decisions are being made with without a query to the AG……

The guy has the Governorship locked up right now…..

I guess he doesn’t want to make any mistakes…..

Funny how quiet it is for a New York race, Huh?

NON-CAMPAIGN: Andrew Cuomo is expected to run for governor of New York.

Cuomo is Running by Not Running

“Andrew Cuomo’s path to the governor’s mansion once occupied by his father suddenly looks like a superhighway express lane,” the Washington Post reports.

“His flawlessly orchestrated non-campaign has hit just one pothole: Some reporters are miffed that the state attorney general is studiously avoiding their favorite subject, the upcoming race.”

More from PoliticalWire…….
This from the Washington Post…….(below )
His flawlessly orchestrated non-campaign has hit just one pothole: Some reporters are miffed that the state attorney general is studiously avoiding their favorite subject, the upcoming race.

“What a shock that they’re grumbling,” Cuomo says in an interview. “I do press conferences all the time all over the state. I’m in newspapers and on TV with tremendous frequency. I don’t talk to them about what they want to talk about, however. The political guys want to talk politics. I understand what they want — but I don’t want to do it,” he says, laughing.

The reason, with Election Day less than seven months away? Attorney general “is not a political job,” the Democrat says. “The combination of politics and law enforcement is not a good combination.”

Cuomo is hardly hiding in the shadows. He held a conference call with 100 reporters last week after filing a civil suit against the state Senate’s majority leader, Pedro Espada Jr., on charges of siphoning more than $14 million from health clinics he founded for vacations, campaign expenses and $20,000 in takeout sushi. For good measure, Cuomo held a news conference on the case the next day. But he is strictly business at such media events, and that, says Fred Dicker, the New York Post’s state editor, can get frustrating.

“Every time we see him, the press corps generally asks him, ‘What’s the latest with your political timetable?’ ” Dicker says. “He just ducks it.”

Bob Hardt, political director of NY1, says it is “kind of depressing” that Cuomo hasn’t given the cable channel an interview for several years.

“Over the years he’s recognized he can be his own worst enemy,” Hardt says. “By curtailing his press availabilities, he limits the ability to damage himself. . . . A lot of people regard Andrew Cuomo as a governor-in-waiting, and we don’t know what his positions are on key issues.”

April 26, 2010 Posted by | Blogs, Breaking News, Counterpoints, Government, Media, Men, Other Things, PoliticalDog Calls, Politics, Updates | , | 3 Comments