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

Orange clinches share of Big East, coasts to win over Fighting Irish

first_img[email protected] In front of a sold-out crowd of 4,063 at Arlotta Stadium, that scorching start led No. 2 Syracuse (12-1, 5-0 Big East) to a 12-6 victory over the Fighting Irish (7-6, 2-4 Big East). The win was the Orange’s 10th consecutive victory.  White’s goal sparked a five-goal first quarter for the Orange that set the tone for the rest of the game. SU junior attack Stephen Keogh also had two goals through the first 15 minutes.  ‘Our offense got off to a very good start and our defense was consistent all game,’ Desko said. ‘We knew it would be a playoff atmosphere. We have a great group who played very well and was able to double up on them.’ But Amidon scored just more than one minute later to give the Orange some momentum back. It was Keogh’s first multiple-goal game since April 3 against Albany. Desko was quick to point out Keogh’s struggles have come as a result of other teams keying on him. Though the statistics do not show it, Desko said, the junior attack has still helped the Orange despite the slight downturn in goal production. Heading into the regular-season finale at St. John’s, the Orange has secured at least a share of the first Big East lacrosse title in the conference’s inaugural season, and it can win the title outright with a victory over the Red Storm next Saturday. ‘Against Rutgers and Providence, he was very good off the ball,’ Desko said. ‘Against Rutgers, he set picks for three goals. He has done other things very well when teams have tried to shut him down.’   That quick start was important because the Irish did not go away. Thanks to seven SU penalties and a Notre Dame defense that held the Orange scoreless for more than 24 minutes over the second and third quarters, the Irish managed to cut the lead to 5-4 after Brenneman’s only goal of the game with 9:45 to play in the third. Facebook Twitter Google+ Through the first 15 minutes of action, the Orange offense looked the part of a team that was ready to go after being bottled up against the Friars a week before. SU shot out of the gate and scored five unanswered goals in the first quarter. ‘We got off to a very good start,’ SU head coach John Desko said in a phone interview after the game. ‘Five goals in the first gave us a good cushion that was important.’ Led by Keogh’s four goals and junior midfielder Josh Amidon’s two goals, the Syracuse depth was on full display. Ten different players registered at least one point.  Published on May 2, 2010 at 12:00 pm ‘In the third, they had a man-up to start, and they had the ball for the first five minutes,’ Desko said. ‘Then we got the ball back and scored, and that really got us going. We played much more relaxed after that.’ Matched up against Notre Dame’s leading scorer Zach Brenneman Saturday, Syracuse longstick midfielder Joel White immediately showed he was ready to do more than just shut down the Irish’s go-to guy.  The Irish would cut the lead to two to start the fourth. But Syracuse ended the game just how it started. SU outscored the Irish 4-0 through the final frame. In the end, the Orange captured another tough, primetime victory on the road. Three minutes into the game, White knocked the stick out of Brenneman’s hand as he raced toward the Syracuse net. Jovan Miller scooped up the loose ball and threw it ahead to Chris Daniello. White filled the lane and registered his third goal of the season with a laser that sailed past the big body of Notre Dame goalie Scott Rodgers.  ‘It has not been easy this year,’ Desko said. ‘We have had a lot of night road games. This group has stayed very focused.’ Comments Desko was pleased to see an all-around game from his squad. In a game in which Desko knew the Fighting Irish would come out focused with their playoff hopes on the line, the Orange’s head coach was impressed with how his team came out of the gate.last_img read more