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Gender: Female
Hometown: Georgia
Member since: 2002
Number of posts: 25,624

Journal Archives

How was Loeffler ever considered eligible to be appointed in the first place?

ICE = Intercontinental Exchange


Loeffler’s husband, Jeffrey Sprecher, is CEO of Intercontinental Exchange, which owns a variety of financial exchanges, including the New York Stock Exchange, and other financial businesses. The company is valued at close to $60 billion. Loeffler, who was appointed to to fill a vacant Senate seat in late 2019 and who now is in a run-off contest against Democrat Raphael Warnock, worked at Intercontinental Exchange for 16 years and left the firm at the end of 2018. She was a crucial part of its corporate team, according to a company press release that announced her departure: [snip]

While her husband was taking advantage of the pandemic’s effect on the housing market to advance ICE’s grand plan to gain control of the digital mortgage service sector, Loeffler has done little to address the housing and economic crises triggered by the coronavirus. In the spring, she unveiled a proposal “to restart our economy safely.” It was a hodgepodge of mostly conservative ideas, such as eliminating payroll taxes for the rest of 2020 and cutting regulations for new businesses, and reform measures related to the first wave of pandemic relief already passed. One section did note, “Families are having difficulty affording their mortgage or rent.” But Loeffler’s plan included no provisions regarding mortgage or rent relief or eviction moratoria. [snip]

In July, Loeffler noted her opposition to extending assistance to Americans hit hard by the coronavirus recession: “I am not seeing a big need to extend the federal unemployment insurance.”

More recently, Loeffler, like her fellow Senate Republicans, has not said much (or anything) about the looming eviction and foreclosure crises. In September, the Centers for Disease Control imposed a moratorium on residential evictions for people making less than $99,000 a year (or $198,000 for a couple). It ends on December 31. Other economic assistance benefits from the CARES Act that was passed in March also expire at the end of the month, including certain unemployment benefits that could affect millions of people and their ability to pay rent or mortgage bills. Also, mortgage forbearance provisions in the CARES Act are scheduled to end in March 2021. All this and more—including the accelerating spread of COVID-19—are likely to lead to a spike in mortgage foreclosures and evictions. But the new “wave of foreclosures,” Millionacres, a Motley Fool service, pointed out, will likely lead to a real estate buying spree. That could be good news for Sprecher and ICE, given the company’s acquisition of Ellie Mae. And ICE will continue to benefit, if the pandemic real estate market remains as strong as it has been.

Loeffler and Sprecher’s financial actions have generated controversy on another front. In January, after she attended a private Senate briefing on the coronavirus threat, she and her husband made a series of stock sales. This included buying stock in firms that develop teleworking software. They subsequently sold off $18.7 million shares in ICE and also dumped shares in retail outlets. Once news of these trades emerged, Loeffler denied exploiting confidential information she had obtained as a senator. The Senate Ethics Committee stated it found “no evidence” she had violated the law or Senate rules. By the way, Loeffler sits on the Senate Agriculture Committee, which oversees the Commodity Futures Trading Commission, which regulates ICE. (Sen. David Perdue, a Republican campaigning alongside Loeffler in Georgia’s other run-off election on January 5, was also snared in a stock-selling scandal. At least one case of his personal wheeling-and-dealing was investigated by the feds, but no charges were filed.)

Conflicts of interest everywhere, insider trading... Loeffler and her husband are unprincipled vultures. The entire article is well worth the read.

The two elections are not comparable and Raffensperger knows it.

It's a shame he felt the need to write an opinion piece that didn't stick to the current election . His performance and his public behavior were both so impressively professional -- until now. If he'd just kept his mouth shut we'd still be able to sing his praises. We needn't have bothered, because in this piece he manages to toot his own horn just fine.

So, he starts with a rebuke against trump, unfairly comparing trump and Stacey Abrams, then throws himself a bothsiderist pity party, closing by dancing as close to the line as he can in campaigning for the remaining Repub runoff candidates...

Many of my fellow Republicans are men and women of integrity. They demonstrate it each and every day: fighting for their constituents, fighting for liberty, and fighting for fair and reliable elections.

In times like these, we need leaders of integrity to guide us through.

Yep, he's a garden variety hypocritical Republican jerk after all. Ugh.

👆👆 The Hill can pretend to 'review' as much as they like. Further downthread:


Moe Murph· @MamurphyMaureen
Aug 23
Replying to @emptywheel
In her sworn testimony, Dr. Fiona Hill curtly dismissed both The Hill and Politico (John Solomon base) for being willing disseminators of, e.g., Giuliani Russia conspiracy theory.

Both publications should be read with a pile of salt at the ready, when/if read at all. I remember when the Solomon thing kicked up a year ago, it became obvious The Hill knew who he was from the beginning.


It's telling that Solomon has since set up his own news agency - I wonder how lucrative that actually is. Does he even get a straight gig anywhere now?

I don't care if trump tries to pardon himself, or gets Pence to do it.

Weissmann concluded, “In short, being president should mean you are more accountable, not less, to the rule of law.”

Yes. Strike down any attempt at a pardon. Not only should it be made clear that no president is allowed to self-pardon, no president should get a pardon. That should be one of the many things a president gives but never receives. No president should ever, ever again feel that he can away with anything as long as he has his get out of jail free card.

Despite the fact that the Mueller Investigation ultimately found no evidence of Russian collusion

Oh, we could go on all day about what that sentence really means, but there should be a proper investigation into collusion. The Mueller Investigation ended up being less than comprehensive in some ways, to put it kindly, and we have yet to see the entire report. Do over on that one, big time.

Go after him for federal crimes. I'm pretty sure trump's on the hook for international crimes. Throw the book at him again and again, every single book we can find. We will never again know true peace as a country if we don't.

I highly doubt her independence. Murphy had a WH minder installed right before the election.

White House attorney dispatched to agency blocking Biden transition - November 10, 2020

WASHINGTON — Five days before the presidential election, the Trump administration dispatched attorney Trent Benishek of the White House general counsel’s office to the General Services Administration. [snip]

GSA put out a press release, which said that as the new general counsel of the GSA, as well as its top ethics official, Benishek would “advise in the formulation and promulgation of GSA policies and regulations, oversee the agency’s litigation, and provide overall direction.” [snip]

But one top official who was involved in the Obama transition in 2008 speculated that the young attorney was put there “to keep tabs on Murphy.” The former transition member, who would discuss the matter only on the condition of anonymity, went further, speculating that Benishek “was installed there so the [White House] could fire the administrator and chief of staff, then have [Benishek] take over the agency to stop the ascertainment,” a reference to the process the GSA undertakes during a presidential transition.

Though Murphy is a Republican, she is not a White House insider, meaning that she may not be fully trusted to do the president’s bidding.

Emily Murphy's letter is defensive as hell.

In true trumpian fashion, she spends most of her time in the letter talking about herself and how hard the experience has been for her, as well as finding excuses to push away blame. Her protests that she received no pressure from the Executive Branch were unnecessary, letting all of us know that it's very likely that's exactly what happened. She has the nerve to close the letter with comments regarding Biden's requirements in receiving services and funds from GSA.

Good riddance when she's gone, and I hope she is never given a position of any authority or significance again. Wow.

Posted without comment:

Republicans also blocked the SAFE Act. Because of course they did.

Jennifer Cohn Replying to @jennycohn1
Propagandists “omit or distort pertinent facts or simply lie,” & “try to divert...attention...from everything but their own propaganda.”

This is why Rs single out Dominion system vulnerabilities & political ties, but ignores ES&S system vulnerabilities & political ties 1/
6:43 PM · Nov 20, 2020

Jennifer Cohn Replying to @jennycohn1
3/ It’s also why Rs never mention that Democrats championed election-security legislation (the #SAFEAct) that would have required robust manual audits to confirm electronic results, but Republicans mercilessly blocked it.
6:47 PM · Nov 20, 2020

Jennifer Cohn @jennycohn1
Here is the final text of the House election-security bill called the #SAFEAct. https://congress.gov/116/bills/hr2722/BILLS-116hr2722eh.pdf

The first paragraph requires that all voters have the option to mark their ballots by hand and bans barcode voting systems (albeit without using the word "barcode" ): 1/ [image]
2:21 PM · Jul 2, 2019

Bill summary here: https://www.congress.gov/bill/116th-congress/house-bill/2722

Loeffler is not representing GA's interests but her own. She needs to GO.

More recently, Loeffler and Sprecher appear to have tapped another tax loophole for themselves, in the form of a provision in President Trump's 2017 tax bill that turns private jets into flying tax shelters. The couple bought the plane last December, when Loeffler was appointed to the Senate by Georgia Gov. Brian Kemp. She stepped down from ICE to take the job, but her husband is still CEO, and she still holds a stake worth half a billion dollars — and sits on a committee that regulates the business.

MeidasTouch.com @MeidasTouch
The DOJ dropped their investigation into Kelly Loeffler's insider trading shortly after her husband Jeffrey Sprecher, who owns the New York Stock Exchange, donated $1 million to Trump's super PAC. Corrupt! #LootingLoeffler

It's a projector set up across the street from the hotel.

There was a really interesting article a while back about how they do it.


Many high-level government buildings are off-limits for security reasons. But the Trump hotel — just blocks from the White House — is fair game. Bell learned that as long as his crew members are not blocking traffic, obstructing the sidewalk or shining lights in the hotel windows, they’re fine. Hotel security has called police, but there’s not much police can do and the crew is usually gone within about 30 minutes anyway.

“We know we’re allowed to do it. The police kind of know we’re allowed to do it. But it all kind of depends on the officer and their mood,” he said.

The Metropolitan Police Department said in an email that it “will not engage in any enforcement actions regarding light projections” unless there is an indication that a crime has been committed. [snip]

“The ones that work best are the ones that give people some sort of relief from all this political stress,” Bell said. “It’s a way of grieving and venting publicly.”
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