Byron Dorgan

Friday Movie Night - Risky Business

hot buttered popcorn It's Friday Night! Party Time!   Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!


Tonight's Friday Movie Night is a little different and why it's being posted early. Senator Bryon Dorgan has come alive and getting involved in financial reform. This is great news for Dorgan predicted derivatives were a very serious problem 15 years ago (take that Taleb & Roubini!). First, below is Dorgan's call to action. Next is a talk on derivatives and financial reform by Dorgan. Finally is Senator Bernie Sander''s Too Big to Exist bill which breaks up the systemically risky institutions.

Considering we have financial lobbyists writing the House derivatives bill (exceptional piece by William Greider) and a complex maze of financial reform (where we are still digging through to find the loopholes exemptions), we call your attention to a refreshing breeze blowing down from common sense North Dakota.

Senator Bryon Dorgan is requesting you get involved in demanding common sense financial regulatory reform and reinstate Glass-Steagall (separate out FDIC insured banks from investment banks).

Friday Movie Night

hot buttered popcorn

It's Friday Night! Party Time!

Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!

This week's star is Senator Byron Dorgan. Now I happen to really like Dorgan. He has that Midwest sensibility and more importantly, a MBA, a background in corporate taxes and economics and is chair of the Democratic Policy Committee.

One of the things Dorgan is known for is incredible floor speeches with large graphs and images. Believe me, with him on the floor other Senators have no excuse to claim they didn't know a bill or policy was hurting US workers. You can't ignore Dorgan.

Here he says there is no real representation in Congress for the American Worker:

New Trade Bill Introduced in the Senate

A new trade bill has been introduced in the Senate. Hopefully this will not be yet another good piece of legislation that goes to committee to die.

According to Senator Sherrod Brown's Press Release:
The TRADE ACT would:

  • Require the Government Accountability Office to conduct a comprehensive review of existing trade agreements with an emphasis on economic results, enforcement and compliance, and an analysis of non-tariff provisions in trade agreements
  • Spell out standards for labor and environmental protections, food and product safety, national security exceptions, and remedies that must be included in new trade pacts
  • Set requirements with respect to public services, farm policy, investment, government procurement, and affordable medicines that have been incorporated in trade agreements