Thursday Open Thread [10.23.14]

Thursday Open Thread [10.23.14]

26 Comments
The difference between a responsible and ethical media, interested in journalistic integrity and facts, and a hyperbolic entertainment first enterprise, interesting only in ratings and thus profit, and facts and ethics must never interfere with that pursuit. CNN and Fox do not want to inform you. They want you only as a daily consumer of their content. They don't care to inform you. In fact, they will misinform you if that is what makes you a daily consumer of their content. They will do anything and everything to scare you. It is why there are people in this country, many many many people, that are convinced ISIS is now invading the US. That Ebola is currently killing millions of Americans. Driving home yesterday, I have CNN on my Sirius XM, and heard Wolf Blitzer breathlessly shout that OTTAWA IS ONLY AN HOUR'S DRIVE TO THE AMERICAN BORDER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Fuck Wolf Blitzer.
KWS Goes to Bat For Mega Insurance Company

KWS Goes to Bat For Mega Insurance Company

35 Comments
Our purported insurance regulator, Insurance Commissioner Karen Weldin Stewart, is instead trying to run interference for Met Life.  Check out this article from the state government website: fer cryin' out loud:
DOVER, DE  – In a letter to U.S. Treasury Secretary Jacob Lew and other federal regulators, Delaware Insurance Commissioner Karen Weldin Stewart has urged them to reconsider their vote to propose that MetLife be labeled as a “systemically important financial institution” (SIFI) and therefore subject to tougher federal regulation. “Based on my experience as an insurance regulator (insert joke here), and a regulator of one of MetLife’s larger insurance subsidiaries, I do not believe that MetLife’s businesses and corporate structure create the kind of systemic risk that Dodd-Frank’s SIFI designation process was designed to address,” she said. Stewart argues explicitly against the designation of MetLife and said state regulators are capable and competent to continue the oversight of the company (insert joke here).