Financial reform bill an attack on security

first_imgAt the urging of Wall Street lobbyists, Congress passed a bill, S.2155, that loosens many financial reform rules established for banks after their recklessness tanked our economy a decade ago. Categories: Letters to the Editor, Opinion Among its many provisions, the bill removes enhanced supervision of companies with between $50 billion and $250 billion in assets. The nonpartisan Congressional Budget Office said this will increase the chance of a taxpayer-funded bank bailout.The bill makes it easier for mortgage companies to sell dangerous adjustable-rate mortgages without properly verifying a borrower’s ability to repay. It also makes appraisal fraud and discrimination against black and Latino borrowers more likely.The president has already signed the bill into law.However, constituents of Rep. Paul Tonko can be proud of him for doing the right thing by voting against this bill and for being part of a bulwark against additional attacks on Americans’ personal financial security.Ellie PepperSchenectadyMore from The Daily Gazette:Motorcyclist injured in Thursday afternoon Schenectady crashEDITORIAL: Beware of voter intimidationSchenectady man dies following Cutler Street dirt bike crashEDITORIAL: Thruway tax unfair to working motoristsTroopers: Schenectady pair possessed heroin, crack cocaine in Orange County Thruway stoplast_img read more

Students and community members honor Dr. King’s legacy at ACC

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisAlpena, Mich —Students and community members gathered today at Alpena Community College to celebrate the life and legacy of Dr. Martin Luther King, Jr.The discussion, led by Instructor Matt Dunckel, covered Race as a Cultural Construct.The talk educated attendees about the origins of racism, and debunked myths that enforce its validity.Instructor Dunckel said during his lecture, “Scientific racism is a part of our inheritance as well, and there’s a pseudo–science that evolved around skin color.”Some participants in the discussion expressed the importance of honoring Dr. King’s legacy and making needed strides to a more inclusive society.ACC student Miya Ayala says “I think it’s important because he fought for civil rights for everyone, not just a certain race or debunking certain races. He was fighting for everyone.”Another student, Ashley Bridgewater, says, “It gets us together to really realize how many rights we have and how people still don’t have the rights in other countries, or even in our country today.”AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: ACC, discussion, Dr. King, Martin Luther King, MLK DayContinue ReadingPrevious Digital license plate coming to Michigan soonNext Photo of the Day for Tuesday, January 22last_img read more