Dodd-Frank Bill

I’m going to throw something out there that probably shouldn’t come as too much of a shock, knowing what we know about Matt Taibbi, the boy who spent months of late nights hunched over at his typewriter, gnawing the skin off his knuckles trying to figure out how those crooks at Goldman Sachs do it, reportedly threw scalding hot coffee in the face of a reporter who’d offered him constructive criticism and, on at least on occasion, kept a thermos of horse semen in his fridge to later be baked into a pie and smashed into an unsuspecting victim’s face. And here’s what: Matt Taibbi is the kind of guy who will install surveillance cameras in your home and office, without your knowledge, if he is under the believe you’re screwing him over. Ex-girlfriends can probably attest to this fact and now, sort of embarrassingly, Wall Street and Washington can too. Because Matt Taibbi did it to them, and today, in his duty as an American citizen, reports back on what he saw. We’re lucky he did this and will merely describe the scene to us, sparing us the horror show of actually watching it go down ourselves, which would be a harrowing experience. Continue reading »

He doesn’t want to put the words in your mouth, but if *someone* wanted to ask him how good it felt school the Chinese in that pick-up game, that’d be okay by TG (and if anyone wants to go, he’s got sneaks in the car and this suit is a breakaway).

Later today at NYU Stern, Timothy Geithner, US Treasury Secretary, will give his first public remarks since the enactment of the Wall Street Reform and Consumer Protection Act. The Secretary will address the core principles guiding the implementation of these historic reforms and how they will lay the foundation for a new, strong and stable American financial system. After his remarks, the Secretary will answer audience questions. Due to security and space limitations, the event is viewable via a live video link beginning at 4 p.m. Please note that Real Player is required.–NYU Stern Public Affairs

The following post is by Dealbreaker reader and commenter Infinite Guest.

Laws go unenforced for any of several superficially distinct reasons, but ultimately because of political failure. Mostly a reiteration of desuetudinal laws, Dodd-Frank seems deliberately written so that it can’t be enforced. Dodd-Frank is a gigantic recipe for political failure. Continue reading »