night the New York Times released a column that could possibly place the source of blame on Wall Street for our current financial crisis (Agencys 04 Rule Let Banks Pile Up New Debt, and Risk). Now, will the House of Representatives move forward in passing the current Economic Stabilization Act? I hope not. Financial firms less than ten years ago have been misrepresenting their accounting, if at all publicizing factual assets. In 2004 major investment banks came to the Security and Exchange Commission to beg for "exemption from an old regulation that limited the amount of debt they could take on". Now hold on to your seats, because it gets even more atrocious. These five investment banks, "including Goldman Sachs, which was headed by Henry M. Paulson" the current U.S. Treasury secretary, were now being funneled billions of dollars from the Federal Reserve, in order to have "a cushion against losses on their investments" further down the road. This was a precedent to being bailed out, and yet their financial structure was hedged on failing, and these Wall Street institutions took full advantage of deregulation in the name of profiting at the cost of the American taxpayer.
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In this episode Lesley sees how annoying she can be when she doesn't take no for an answer.
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Transcript by Newsy****
BY ZHENG HWUANG CHIA
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Zach Wahls loves his two moms – and for that – he is now a YouTube star. The 19-year-old University of Iowa engineering student defended same-sex marriage in front of the Iowa House of Representatives. Here’s a portion of Wahls’ testimony.
“I’m raised by a gay couple, and I am doing pretty well. I scored a ninety-ninth percentile on my ACT. I’m actually an Eagle Scout. I own and operate my own small business. If I was your son, Mr. Chairman, I believe I would make you very proud. I’m
His speech went viral -- receiving half a million hits on YouTube in two days... but the Iowa House of Representatives was unmoved by the plea – and voted 62-37 to ban gay marriage. The liberal blog – Friendly Atheist calls this infuriating.
“What a sad state of affairs when Zach’s parents could lose official state recognition for being in love, but the Republications (and a few Democrats) in the Iowa house can get married and divorced as many times as they want without any problems at all.”
Wahls said being raised by lesbian parents had zero effect on his character -- but The Christian Post isn’t buying it.
The paper references a study by the American Academy of Pediatrics, which found: “Children reared in homosexual households are more likely to experience sexual confusion, engage in risky sexual experimentation and later adopt a homosexual identity ... [Anchor: and concluded] children fare best when reared by their two biological parents in a loving, low conflict marriage.”
In an ABC article, the American Sociological Review chimes in, saying – Yes – kids with lesbian or gay parents are more likely to have an open mind towards homosexuality – but that’s because...
“A University of Southern California study [concluded] that children with lesbian or gay parents show more empathy for social diversity [and] are less confined by gender stereotypes.”
But back to Wahls and his mothers -- does this mean same-sex marriage is over in Iowa? Mother Jones says not quite.
“State Senate Majority leader Mike Gronstal, a Democrat who has the final say on what reaches the floor has repeatedly said [he] will never allow this to happen. Even if he allowed it, an amendment wouldn’t appear on ballots until at least 2013.”
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