consultants are sandburs

Saturday, October 08, 2016

What is your definition of "regulatory capture?" Where the regulated industry writes the government's regulations, for it? What is TPP? What should be expected of the Clintons re TPP?

"The people that know the industry better than anybody are the people who work in the industry," Clinton said.

Add to that the people who know the industry should be the ones writing the industry's rules? What you say for pay to industry insiders might differ from campaign stances; but believe me now??? Get real. You got paid massive amounts, by Wall Street to foster "insiders with pecuniary benefit at stake know best, and should write their own rules." Is that government of, by and for the people? Or less? Or "the people" wedged out of the driver's seat by some well connected big money player's [players'] assault? My vehicle, my steering wheel?

Wells Fargo creating phantom accounts is fair fodder for an arbitration clause? What rules would, under such a mythos, be expected if Wells Fargo wrote its own set, for itself, regarding maximizing account-related cash flow? Attorney General fires shot across the bow [a letter to Wells' CEO] as a step, at present, short of litigating in the public interest the notion "Wells Fargo knows best." Look at what it allowed itself to foist onto customers owed fiduciary loyalty duty; and let that set of bastards write their own can/can't do list? Get real.

This link. Scoundrels line the gutters. Or not, but it is something you are bound to arbitrate; have you not read . . . we have a neato arbitration clause on your non-fraudulent accounts which, we say, prohibits your suing over the fraudulent ones?

Fraud is a common law crime and/or tort; and how prominent a covenant not to sue but to arbitrate must be, to be distinct and apart from small print boilerplate of lesser impact?

Having to arbitrate being defrauded by one's banking agent is quaint as a concept; given reality as the measure of conduct deserving suit; independent of any contrary clauses, however read.

So much for a clear counter-example to letting the industry write its own regulatory rules, and back to the Clinton paid speeches to her real clientele.

Disproportionate dissembling into a far corner of fantasy land, prize-worthy dissembling - same opening link.

Among the emails was a compilation of excerpts from Clinton's paid speeches in 2013 and 2014. It appeared campaign staff had read all Clinton's speeches and identified passages that could be potentially problematic for the candidate if they were to become public.

One excerpt put Clinton squarely in the free-trade camp, a position she has retreated on significantly during the 2016 election. In a talk to a Brazilian bank in 2013, she said her "dream" is "a hemispheric common market, with open trade and open borders" and asked her audience to think of what doubling American trade with Latin America "would mean for everybody in this room."

Donald Trump, the Republican nominee, has made opposition to trade deals a cornerstone of his campaign.

Podesta posted a series of tweets Friday night, calling the disclosures a Russian hack and raising questions about whether some of the documents could have been altered.

"I'm not happy about being hacked by the Russians in their quest to throw the election to Donald Trump," Podesta wrote. "Don't have time to figure out which docs are real and which are faked."

Podesta deserves a medal for being more an incredible dissembler than his Clintonian cohort, DWS. Flat out lying about time pressure preventing verification; Podesta as little Jeremy, the no-where man, "Ad hoc, ad loc, ipso facto, quid pro quo. So little time, so much to know."

Again ...... get real.

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