Carper and Coons Give a Big Thumbs Up to TBTF

Carper and Coons Give a Big Thumbs Up to TBTF

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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.
Charlie Copeland is going to get a new job today.

Charlie Copeland is going to get a new job today.

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The state GOP is holding their special convention today, during which they will elect their new State Party Chairman. Former Chairman John Sigler resigned back in May, and the newly elected vice Chair, Nelly Jordan, a Sussex County tea party activist, took over as Acting Chairman. However, she has had some trouble fundraising and is not running in her own right for a full term. She has instead endorsed the only candidate for Chairman, former State Senator and du Pont heir Charlie Lamont Copeland. So really, today is more of a coronation than an election, but whatever. Copeland is viewed by others in the party as the ideal candidate to heal the civil war within the party between the Northern establishment business Republicans and the Southern radical tea party Republicans. And that is because Charlie embraced the tea party in 2010 while still having the literal bloodlines of the establishment.
“I think the rumors of the death of the Republican Party in Delaware have been wildly exaggerated,” [Copeland] said. “The myth is that there’s a big difference between Greenwood and Greenville.”
I guess he forgets the 2010 U.S. Senate Republican Primary. I guess he forgets Booth v. Bodenweiser. Rollins v. Urquhart. Copeland is your typical Republican. He doesn't like the facts, so he pretends that the facts and the reality are myths. But Copeland is pledging to do something that is sure to cause further division in his party....
First Looks at the Delaware Health Insurance Exchange

First Looks at the Delaware Health Insurance Exchange

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Under the ACA, each state is supposed to create and manage a medical insurance marketplace where people who aren't covered by insurance can buy plans. Delaware's Health Insurance Marketplace website went live this AM -- although the details of the exchange and the insurance options on offer are not yet available. I'm mildly surprised that California and NY got theirs up earlier -- I had thought at one time that Delaware was pretty far ahead of the planning curve for planning and implementing this. Which is probably a misconception on my part.