DINO Delaware Pols In Action

I've got ten great posts lined up half-drafted in the queue but no time to put the finishing touches on and get them published today. 

So instead read a few Delaware Liberal posts from El Som today ~ Carney Votes Against Limits on Spying

Update: (WDEL) Tom Lehman reports ~ Carney defends vote on NSA phone record collection amendment

And from Cassandra M. Monday ~ Carper and Coons [And Markell] Give a Big Thumbs Up to TBTF

And a big thumbs up to letting banks put the money in deposit accounts in the same kind of risky bets that their investment accounts are in. I can’t say that I’m too surprised at this — banks do own the road here — but I’m still appalled at this position. It is a position that is ONLY good for banks — the rest of us with deposit accounts (and who pay taxes) are definitely the losers here. Because the point of a Glass-Steagall 2 is to separate the deposit accounts (the only part of the banking business explicitly guaranteed by the feds), from the investment business (which is not insured). The point of Glass-Steagall 2 is to dismantle one more part of the TBTF scheme — specifically the part where banks get to privatize their profits and get to socialize their losses. Until taxpayers get a say in the risks (and get a cut of the benefits) of the TBTF business, taxpayers should not backstop what the banks do here.

With comment rescues ~

1. - Ted Kaufman has taken to Forbes to write an 11-piece deconstruction of how Dodd-Frank fails. 

   - There is no clearer proof that our entire delegation is a wholly-owned subsidiary of the banking industry than this. As if we needed proof in the first place.Our delegation is part of the problem, including Coons.Had Glass-Steagall not been dismantled, we probably could have avoided the last financial crisis. No matter WHAT Carper says. Not only was it good for its time, it’s good for OUR time.Of course, Carper was an enthusiastic accomplice in the decimation of Glass/Steagall, so he’s not about to admit that he helped screw those of us who are not the megabanks. No public official in Delaware history has done more to screw us so that the banks would bankroll a worthless political career.Carper and Coons must believe they’re talking to idiots. Well, not here they’re not.