Wednesday September 8, 2010
Tags >> Jack Reed
There is no doubt that the Democratic Governor's Association will spend millions of dollars trying to sell Frank Caprio to the people of Rhode Island as a Democratic Party stalwart. But what do two of the party's heroes (among others) who served with Linc Chafee in the United States Senate have to say…
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There’s been a lot of talk in Washington over the last few weeks about ways to reign in the unbelievable sums of money we spend annually on our military forces, particularly as the national budget deficit continues to explode and Congress considers billions in proposed cuts to important social programs…
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As the financial realm continues to self-destruct and devour itself, Bloomberg News tapped the Freedom of Information Act (FOIA) to get to the bottom of a highly suspected "Shitty Deal." Read More...
Senator Jack Reed today announced a $15.1 million in federal grants for 25 Rhode Island communities, allowing them to fund Public Housing Agencies for capital improvement projects, including modernization and development of affordable public housing.  The grants are awarded through the…
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While Bill Halter’s primary challenge of Sen. Blanche Lincon’s seat ultimately failed, there one on huge victory brought about by the race – banking reform.  When Progressives attacked Sen. Lincoln for being a corporate shill to the banking industry, we were right, but it also made her well…
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In case you missed it, over 4 million people have seen this video of what happens from time to time in an imperial occupation.  How many mistakes in the "fog of war" does it take before it becomes something else? Read More...
Last week Ohio Senator Sherrod Brown introduced an amendment similar to the Lynch Amendment which passed in the House.  The amendment would restrict shareholder ownership of the over-the-counter derivatives clearinghouse to no more than 20 percent.  It would also prohibit large financial…
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On Wednesday the Senate Finance Committee passed what they call Financial Regulation.  It is supposed to be a long awaited response to the financial meltdown at the hands of these same people proposing reforms.  One senior member, our own Senator Jack Reed, had to put in an amendment to make…
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Jack Reed deserves some serious props.  He has been one of the strongest champions for the Consumer Financial Protection Agency and has been tough on derivatives reform as well. He well aware that the country's largest banks want to keep the derivatives market as opaque as possible because they…
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    In 2007, I interned in the Elections Division of the Secretary of State’s office, where all candidates running for federal or state offices must go to retrieve and submit declaration of candidacy forms, and to submit the necessary signatures. Interning in this office was rarely exciting.…
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After picking up the endorsement of EMILY’s List and the Smithfield Democratic Town Committee last week, Gina Raimondo, was profiled in Ed Fitzpatrick's column this morning in the ProJo.  Gina is a progressive candidate for General Treasurer who joined other supporters of marriage equality…
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Update: The Senate passed the legislation last night. The U.S. Senate on Tuesday night overwhelmingly approved a bill to continue federal unemployment benefits for another 30 days.   Read More...
From the Huffington Post: The Consumer Financial Protection Agency, a cornerstone of banking reform, won't go down without a floor flight. Sen. Jack Reed of Rhode Island, the third-ranking Democrat on the Banking Committee, will introduce an amendment to financial regulatory reform on the Senate floor…
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Jack Reed's recent online forum revealed a bit about what he has been up to across the board, particularly as a high ranking member in the realms of Finance and Armed Services.  He is unabashedly pro-war, but that can be saved for another post. Read More...
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The National Journal has released their 2009 Vote Ratings. Both Jack Reed and Sheldon Whitehouse ranked 88% as economic liberals (the highest score), 85% as social liberals (the highest score), and 55% as foreign policy liberals (the highest score).   Read More...
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On February 23, 24, and 25, let's flood the Senate with phone calls to demand strong financial regulations. Read More...
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Update: Senator Jack Reed has also signed onto the letter as well.   Original Post: I want to congratulate Sen. Sheldon Whitehouse for still standing strong on the public option as increasing pressure mounts to scrap it completely.  Whitehouse has signed onto the Michael Bennet letter…
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Americans United for Change and American Family Voices have launched an excellent new national tv ad demanding that Congress pass real derivatives reform legislation.  As the ad points out, derivatives were little more than casino style bets placed by some of Wall Street’s largest firms. …
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Peter Asen of Ocean State Action has an excellent Warwick Beacon op-ed calling on Sen. Jack Reed to lead the fight for real financial services reform in the Senate: Now it’s the U.S. Senate’s turn to act, and the industry is redoubling their efforts to prevent or fatally water down the change we…
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BRAVO to Sen. Jack Reed for being committed to fighting for a strong consumer financial protection agency to protect consumers in Rhode Island and across the country from the worst practices -- toxic mortgages, sky-high interest rates, absurd bank fees -- of the "too big to fail" Wall Street banks that…
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