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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (660657)	7/3/2012 3:02:47 PM
From: longnshort	2 Recommendations Respond to of 1583405

Faking The Hate: CCSU Student Arrested After She’s Caught Sending Anti-Gay Notes To Herself (Video) July 3, 2012 — NiceDeb Every so often we see this…lefties manufacturing hate crimes in order to score political points against their perceived enemies – intolerant Christians, heartless conservatives - you know – the big meanies on the right who need to be taken down because they’re such h8ters. This has been going on for years. So much so, that I suspect more hate crimes reported on campus (by libs) turn out to be bogus, than the real deal. See Michelle Malkin’s How the Left fakes the hate: A primer for more on this ongoing phenomenon. The latest outrageous example of this happened at CCSU in Connecticut: (WTNH) — A college student who complained about receiving anti-gay notes, has admitted to police that she wrote them herself. “It’s disgusting,” said Venus Ferrabelo “That angers me a little, I don’t know what to make it,” said Alex Rodriguez. Many on the CCSU campus are just stunned by the arrest of a gay student. Lexi Pennell told police she was the target of hate. In March, she said someone had been slipping nasty, threatening notes under her dorm door in Beecher Hall, and writing them on her white board because she was gay. “We received a couple of notes with derogatory notes on them that were directed toward our sexual orientation,” Pennell said. Pennell stood in front of hundreds of CCSU students who turned out to support her in a stop the hate rally. “I stand here in front of you today speaking to the person who is responsible for this and all I have to say is I will not be run out of my home,” said Pennell, “I will not be intimidated by hate.” Police say they placed hidden cameras in the dorm hallway and caught Pennell on the tape placing the notes under her own door. They say the whole thing was a lie. Pennell is now facing eight felony counts of fabricating evidence, among other charges. Cops: CCSU student faked anti-gay harassment: wtnh.com Yeah, you know what? I wouldn’t be so proud that the whole campus was duped into supporting this fraud. Maybe, the next time someone makes an accusation, they should wait until it’s proven before they hold rallies, and pass out tee shirts. That just seems like common sense to me. “Trust but verify”, as Ronaldus Magnus used to say. But then again, common sense is in short supply on American universities, these days. And until political correctness is relegated to “the dustbin of history” (Ronaldus, again) we’re unfortunately going to have to put up with many more such sad

To: bentway who wrote (660657)	7/3/2012 11:22:42 PM
From: tejek	Respond to of 1583405

Big banks submit "living wills" to regulators (AP) Nine of the largest U.S. banks have submitted plans offering roadmaps for how the government could break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. released summaries of the "living wills" on Tuesday for Bank of America (), Barclays ( BARC), Citigroup ( C), Credit Suisse ( CS), Deutsche Bank ( DB), Goldman Sachs ( GS), JPMorgan Chase ( JPM), Morgan Stanley ( MS) and UBS ( UBS). The plans were required under the 2010 financial overhaul, which gave regulators the power to seize and dismantle banks that threaten the broader financial system. The government is trying to prevent another situation in which taxpayers are asked to provide bailouts to banks, which is what happened during the 2008 financial crisis. At the time, regulators didn't have rules in place to unwind banks considered "too big to fail." More than 100 other banks are required to submit living wills by the end of next year. And all banks are required to update their living wills annually or sooner, if there's a material change in the company. The lenders were asked to detail their assets and debts, how they're tied to other companies, and spell out how they would be wound down in a fast and orderly bankruptcy process. Most of the information in the summaries had already been made public by the companies in regulatory filings. The more detailed plans provided to regulators were not made public because they included proprietary information. So what details were included in the summaries? JPMorgan Chase, the largest U.S. bank by assets, talked about maintaining a "fortress balance sheet" and a sufficient global liquidity reserve to deal with problems that might arise. At the end of last year, it estimated that reserve to be approximately $379 billion. The bank also declared that its living will "provides for the resolution of the firm in a rapid and orderly way that, in the firm's view, would not pose systemic risk to the U.S. financial system." Citigroup made a similar statement in its summary. It said its plan shows the company could be wound down in a way that addresses a potential systemic disruption in the U.S. or global financial markets without the use of taxpayer funds. Goldman Sachs noted it believes all financial institutions, regardless of size, should be able to undergo a bankruptcy process without costing taxpayers. Meanwhile, Morgan Stanley and Barclays each said in their summaries that their mock bankruptcy plans would mitigate serious financial jolt to the U.S. The Federal Reserve and FDIC, however, have the last word. If they decide a bank's plan isn't adequate, the regulators can require the company to raise more capital, tamp down on growth, or even sell off units. The banking industry has criticized the living wills as a pretext for allowing the government to split up big banks. On the other side, different critics say that the living wills don't go far enough, because they don't address the underlying issue that banks are too big. © 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. cbsnews.com