It was a historic event. Thousands of people came to the Washington state capital for the Women’s March on Saturday to protest the inauguration of Donald Trump, what he’s said in the past, and his possible policies.
After reports that the presidential transition team is considering ways to dismantle state consumer and investor protection statutes, known as Blue Sky laws, New York Attorney General Eric T. Schneiderman said in a statement:
I am deeply troubled by reports that the presidential transition team is considering ways to eviscerate some of the most basic consumer and investor protection laws in the country.
Every day, state and local law enforcement effectively utilize Blue Sky laws to root out the worst types of fraud, corruption, and abuse on Wall Street and across major industries. In many cases, these anti-fraud statues are consumers’ and investors’ first line of defense against exploitation, particularly when retail and institutional investor dollars are in the hands of increasingly complex and opaque financial institutions.
In the past few years alone, multi-state fraud investigations into Wall Street’s role into the collapse of the housing market have recovered over $95 billion in fines, penalties, and most important, consumer relief. The investigations and prosecutions made possible by state anti-fraud statutes are among the most effective deterrents of misconduct, and regularly lead to critical updates to federal securities laws and enforcement practices of consumer protection laws.
Any attempt to gut these consumer and investor protections would severely undercut state police powers and only embolden those who seek to defraud and exploit everyday Americans. At a time of regulatory uncertainty at the federal level, it is essential that we maintain the very laws that have helped state and local law enforcement keep consumers and investors safe for over one hundred years.
Copyright 2016, Rita R. Robison, Consumer Specialist
Well, I just cleaned off my Desktop, relegating my photos of this election to files. Do I feel better? No.
I’ve been predicting Hillary Clinton would win the election for two years. I didn’t see how, because the attacks on her seem to be continual. However, when Donald Trump was nominated by the Republican Party, then I could see how it would happen.
Hillary did win the Presidential Election. However, she didn’t get enough votes in the Electoral College, a mechanism created by the Founding Fathers to protect the leaders of the country from the will of the majority. It certainly worked in 2016 didn’t it?
Well, I expected Hillary Clinton to be our next president, so I don't have a photo of Donald Trump to post here. I considered going to one of his rallies when they were scheduled in the Seattle area to take photos, but I didn't want to listen to his insults of the day and fight the crowds.
Since I follow consumer issues, I know that Republicans will cut regulations. That's what they do. Paul Ryan has been talking for years about abolishing the Consumer Financial Protection Bureau, the agency created after the Great Recession of 2008 to protect consumers in financial dealings. They'll also abolish the Affordable Care Act. People will go without health care and some will die as a result.
So, what deregulation does is allow corporations to do what they want. The Volkswagen and Wells Fargo scandals will look small compared to what's coming next.
Ninety-six years ago today, after decades of struggle and advocacy, women finally won the right to vote with the certification of the 19th Amendment.
It took about a year after Congress approved the 19th Amendment for the required two-thirds of states to ratify the amendment and grant women’s right to vote in our constitution.
In a proclamation for Women's Equality Day, President Barack Obama said:
Today, as we celebrate the anniversary of this hard-won achievement and pay tribute to the trailblazers and suffragists who moved us closer to a more just and prosperous future, we resolve to protect this constitutional right and pledge to continue fighting for equality for women and girls.
I'm the host for this week's Best of Boomer Blogs #452.
As I’m writing articles for the Memorial Day holiday, I’m thinking about my uncle, Frank Gilliam, who died in World War II. I’m also remembering my mom, Ruth Slingsby, who died in 2005, and my dad, Minor Slingsby, who died in 1990.
Meanwhile, our baby boomer bloggers are writing about ways they’re improving their lives and suggestions for the rest of us.
Meryl Baer of Six Decades and Counting noted an anniversary of sorts this past week. On May 26, 120 years ago – in 1896 – the Dow Jones Industrial Average made its appearance. Over the past century and a quarter, many Americans invested in the stock market and in their future. Baer recounts the story one 20th century investor, a modest success story, in her post “To Market, the Stock Market, to Grow a Nest Egg.”
Everyone knows there's an app for weather and GPS, an app for podcasts and Uber, for calendar and contacts, and one for a flashlight. But, when Tom Sightings’ partner, B. the Librarian, rousts Sightings out of his easy chair to get him to do his evening chores, he asks a simple question: “Is There an App for That?”