02/01/09: OBAMA BACKTRACKING ON BAILOUT REFORM BUT ENACTS LILLY LEDBETTER EQUAL PAY LAW; SUPREME COURT MAY ABOLISH FUNDAMENTAL RIGHTS OF THE ACCUSED; GUANTANAMO JUDGE DEF
Posted by: John
Disgorge, Wall Street Fat Cats (By Maureen Dowd, NY Times 1/31/09)
http://www.nytimes.com/2009/02/01/opinion/01dowd.html?_r=1
The best thing that could happen to the economy would be for Wall Street to refuse to come to the Treasury Department to negotiate.
Ms. Dowd says, "The president needs to think like Andrew Cuomo. 'Performance bonus’ for many of the C.E.O.’s is an oxymoron,' he said. 'I would tell them, a) you don’t deserve a bonus, b) where are you going to go? and c) if you want to go, go.’"
I'll be surprised if tax cheating Treasury Secretary Geithner will be any more aggressive with Wall Street than his corrupt predecessor Paulson, who was CEO of Goldman Sachs before taking office. And though Obama is still talking the talk of reform, he will probably do little more than Bush to reign in Wall Street.
The nation's financial system is too important to be left to Wall Street and its corrupt regulators. Only nationalization of failed banks and ouster of their executives will stop banks from arguing they need bailout money to avoid imminent failure.
Obama Signs Equal-Pay Legislation (By Sheryl Gay Stolberg, NY Times 1/30/09)
http://www.nytimes.com/2009/01/30/us/politics/30ledbetter-web.html
From the article:
In a decision in 2007, the Supreme Court effectively blocked a sex discrimination claim against Goodyear Tire and Rubber by Lilly Ledbetter, who argued that for years she had been paid less than her male colleagues. The court ruled she had to bring the case within 180 days of her employer’s initial decision to pay her less than men.
President Obama signed legislation on Thursday overturning the Supreme Court’s decision, which could open the doors to similar cases. Congress is weighing legislation to expand on laid-off workers’ rights.
Justices Step Closer to Repeal of Evidence Ruling (By Adam Liptak, NY Times 1/30/09)
http://www.nytimes.com/2009/01/31/washington/31scotus.html?pagewanted=1&;em
Police are already trained to lie to suspects or anyone else to obtain evidence, which is despicable. If the exclusionary rule were abolished police would be encouraged to commit crimes to obtain evidence to convict other criminals. This would not be an effective crime reduction strategy.
Judge Refuses to Delay a Case at Guantánamo (By William Glaberson, NY Times 1/29/09)
http://www.nytimes.com/2009/01/30/us/30gitmo.html?_r=1
A small setback, but the only judge to defy Obama's directive will probably be overruled by the Pentagon official in charge of the military commission system, who recently ruled that a detainee could not be prosecuted because he had been tortured at Guantánamo.
http://www.nytimes.com/2009/02/01/opinion/01dowd.html?_r=1
The best thing that could happen to the economy would be for Wall Street to refuse to come to the Treasury Department to negotiate.
Ms. Dowd says, "The president needs to think like Andrew Cuomo. 'Performance bonus’ for many of the C.E.O.’s is an oxymoron,' he said. 'I would tell them, a) you don’t deserve a bonus, b) where are you going to go? and c) if you want to go, go.’"
I'll be surprised if tax cheating Treasury Secretary Geithner will be any more aggressive with Wall Street than his corrupt predecessor Paulson, who was CEO of Goldman Sachs before taking office. And though Obama is still talking the talk of reform, he will probably do little more than Bush to reign in Wall Street.
The nation's financial system is too important to be left to Wall Street and its corrupt regulators. Only nationalization of failed banks and ouster of their executives will stop banks from arguing they need bailout money to avoid imminent failure.
Obama Signs Equal-Pay Legislation (By Sheryl Gay Stolberg, NY Times 1/30/09)
http://www.nytimes.com/2009/01/30/us/politics/30ledbetter-web.html
From the article:
In a decision in 2007, the Supreme Court effectively blocked a sex discrimination claim against Goodyear Tire and Rubber by Lilly Ledbetter, who argued that for years she had been paid less than her male colleagues. The court ruled she had to bring the case within 180 days of her employer’s initial decision to pay her less than men.
President Obama signed legislation on Thursday overturning the Supreme Court’s decision, which could open the doors to similar cases. Congress is weighing legislation to expand on laid-off workers’ rights.
Justices Step Closer to Repeal of Evidence Ruling (By Adam Liptak, NY Times 1/30/09)
http://www.nytimes.com/2009/01/31/washington/31scotus.html?pagewanted=1&;em
Police are already trained to lie to suspects or anyone else to obtain evidence, which is despicable. If the exclusionary rule were abolished police would be encouraged to commit crimes to obtain evidence to convict other criminals. This would not be an effective crime reduction strategy.
Judge Refuses to Delay a Case at Guantánamo (By William Glaberson, NY Times 1/29/09)
http://www.nytimes.com/2009/01/30/us/30gitmo.html?_r=1
A small setback, but the only judge to defy Obama's directive will probably be overruled by the Pentagon official in charge of the military commission system, who recently ruled that a detainee could not be prosecuted because he had been tortured at Guantánamo.