Wednesday, July 18, 2012

The Senate Races considered to be toss ups until today, adding Hawaii according to the US Chamber of Commerce.

Massachusetts


Warren (D)  vs  Brown (R) - evenly divided at 47% each


Indiana 


Donnelly (D)  vs  Mourdock (R) - currently evenly at 42% which reveals a high level of undecided and possibly independent


Virginia 


Kaine (D) 46%  vs  Allen (R) 44% - that leaves about 10% undecided


New Mexico 


Heinrich (D) 46%  vs  Wilson (R) 42% - 10% undecided


Montana


Tester (D) 47%  vs  Rehberg (R) 49% - Not much wiggle room. Low amount of undecided. Tester has been a great Senator for Montana, I am a little surprised.


Dodd - Frank? Rehberg must be lying through his teeth big time. Given the irresponsibility that still exists in the Financial Sector as exhibited by Morgan, Barclays and LIBOR there should be no doubt Senator Tester is doing the right thing. He is being attacked by Rehberg because he is on the Senate Banking Committee. It is a 'designer' focus. Tester has done a lot for Montana, they will be sorry if they don't put him back. Senator Tester needs to speak about some of his best accomplishments for Montana. Seriously, they need him.

Rehberg is attacking Tester for having sponsored a bill that would have delayed limits on debit interchange fees in Dodd-Frank’s Durbin rule.
Whereas Tester "implied it was the six-term GOP congressman who lacked independence as demonstrated by his vote against the Dodd-Frank Act," writes Wack.
"It held Wall Street accountable," said Tester, and Rehberg "opposed it, for obvious reasons."
Got that? In sum: they are each trying to paint the other as beholden to the financial services industry.
"The Montana campaign is getting a lot of national attention because it is one of several races that will determine whether the Senate swings into Republican hands," observes  Wack....


Why would Montana want to vote for deregulation again. Barclays is going to be on the Hill, unless they were there already. Let me see.


I think this article makes an interesting point. It is the institutions failing to act responsibly in the market. They want governments to leave them alone without regulation. That can't be. They haven't proven to be either stable enough or ethical enough. Those are not reasons to deregulate, the complete opposite. Montana doesn't understand that?


Senator Testers experience is important, especially now.

Blame Barclays, not capitalism (click here)



Why aren't more people furious about the Libor scandal?
That's a question mostly being asked on the political left these days, and they're right to ask it....
...Indeed, a conservative estimate is that some $350 trillion in bonds and loans are pegged to Libor worldwide. That's more than 20 times the GDP of the United States....
Hello? Montana? Are you out there? Crops ain't that good, but, that has nothing to do with the banks directly. I guess it is starting to get expensive to feed the cows, huh? Fuel prices, cost of production. How the loans rolling this year? There are low interest loans this year to help with costs. Diesel. You know I would think cooperatives should be producing their own biodiesel by now.