“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

New York Times Editorial: Pushing Back Against Austerity

Political leaders across Europe have begun to push back against the campaign of Chancellor Angela Merkel of Germany to put the Continent’s economies into a straitjacket of unrelenting fiscal austerity. It is about time. Two years of insisting that weak economies carry out tax increases and spending cuts have brought nothing but recession and deepening indebtedness.

The German-inspired fiscal compact that 25 heads of government agreed to in December will become binding in January provided at least 12 of the 17 countries using the euro ratify it this year. That process has barely begun. Before it goes any further, euro-zone members need to amend its inflexible, one-size-fits-all deficit ceilings. Failure to do so guarantees a longer, deeper European recession and would likely hurt America’s nascent recovery.

Gail Collins: Pity the Poor Gun Lobby

There is nothing so dangerous as a lobbying organization that’s running out of stuff to lobby about.

I am thinking in particular of the National Rifle Association. These people are really in desperate straits. The state legislatures are almost all in session, but some of them have already pushed the gun-owner-rights issue about as far as it can go. You can only legalize carrying a concealed weapon in church once.

This year, in search of new worlds to conquer – or at least to arm – a couple of states are giving serious attention to bills that would allow gun owners to carry their concealed weapons in places like day-care centers and school buses.

People, do you think there is a loud public outcry for more guns on school buses? I truly believe that this is all the product of a desperate N.R.A., trying to show its base that there are still lots of new battles to be won.

At least, that’s the party line according Republican Rep. Cathy McMorris Rodgers (WA) who appeared along with Democratic Lt. Gov. Sheila Simon (IL) on “Hardball with Chis Matthews.”  That was her rote answer to Matthews questions about the recent legislation that has been passed through Republican state legislatures, radically restricting a woman’s legal right to seek an abortion and health care. I’m no fan of Chris Matthews but no matter how hard he tried to get her to answer his question, she evaded him repeatedly saying that it wasn’t the main issue for women. There was feint praise in Matthew’s words at the end when he thanked her from coming on his show and said she was “brilliant”. She sure was, at evading the issue.

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

March 22 is the 81st day of the year (82nd in leap years) in the Gregorian calendar. There are 284 days remaining until the end of the year.

On this day in 1784, the Emerald Buddha is moved with great ceremony to its current place in Wat Phra Kaew, Thailand.

The Emerald Buddha is the palladium of the Kingdom of Thailand, a figurine of the sitting Buddha, made of green jadeite (rather than emerald), clothed in gold, and about 45 cm tall. It is kept in the Temple of the Emerald Buddha (Wat Phra Kaew) on the grounds of the Grand Palace in Bangkok.

According to the legend, the Emerald Buddha was created in India in 43 BC by Nagasena in the city of Pataliputra (today’s Patna). The legends state that after remaining in Pataliputra for three hundred years, it was taken to Sri Lanka to save it from a civil war. In 457, King Anuruth of Burma sent a mission to Ceylon to ask for Buddhist scriptures and the Emerald Buddha, in order to support Buddhism in his country. These requests were granted, but the ship lost its way in a storm during the return voyage and landed in Cambodia. When the Thais captured Angkor Wat in 1432 (following the ravage of the bubonic plague), the Emerald Buddha was taken to Ayutthaya, Kamphaeng Phet, Laos and finally Chiang Rai, where the ruler of the city hid it. Cambodian historians recorded capture of the Buddha statue in their famous Preah Ko Preah Keo legend. However, some art historians describe the Emerald Buddha as belonging to the Chiang Saen Style of the 15th Century AD, which would mean it is actually of Lannathai origin.

Historical sources indicate that the statue surfaced in northern Thailand in the Lannathai kingdom in 1434. One account of its discovery tells that lightning struck a pagoda in a temple in Chiang Rai, after which, something became visible beneath the stucco. The Buddha was dug out, and the people believed the figurine to be made of emerald, hence its name. King Sam Fang Kaen of Lannathai wanted it in his capital, Chiang Mai, but the elephant carrying it insisted, on three separate occasions, on going instead to Lampang. This was taken as a divine sign and the Emerald Buddha stayed in Lampang until 1468, when it was finally moved to Chiang Mai, where it was kept at Wat Chedi Luang.

The Emerald Buddha remained in Chiang Mai until 1552, when it was taken to Luang Prabang, then the capital of the Lao kingdom of Lan Xang. Some years earlier, the crown prince of Lan Xang, Setthathirath, had been invited to occupy the vacant throne of Lannathai. However, Prince Setthathirath also became king of Lan Xang when his father, Photisarath, died. He returned home, taking the revered Buddha figure with him. In 1564, King Setthathirath moved it to his new capital at Vientiane.

In 1779, the Thai General Chao Phraya Chakri put down an insurrection, captured Vientiane and returned the Emerald Buddha to Siam, taking it with him to Thonburi. After he became King Rama I of Thailand, he moved the Emerald Buddha with great ceremony to its current home in Wat Phra Kaew on March 22, 1784. It is now kept in the main building of the temple, the Ubosoth.

Spring officially sprang at 1:14 AM Eastern Daylight Time on Tuesday. Partially because this is a “Leap Year”, in some times zones the Spring Equinox came as early as March 19 ending the winter that wasn’t for which many of us were relieved.

In case you did know the Spring Equinox is also called the “Vernal Equinox”, ver bring the Latin derivative for “spring.”  It occurs when the sun crosses the celestial equator and night and day are equal. It is really just a moment in time and if you blink, you missed it. In 45 BC, Julius Caesar set the date for the start of Spring on March 25th but sometime between the 4th and 16th centuries, the calendar drifted with respect to the equinox, such that the equinox began occurring on about March 21st.  

There are lots celebrations in many countries and cultures including the internet. Google celebrated with one of its popular animated “doodles.”

In Iran, ancient new year’s festival of Nowruz is celebrated:

According to the ancient Persian mythology Jamshid, the mythological king of Persia, ascended to the throne on this day and each year this is commemorated with festivities for two weeks. These festivities recall the story of creation and the ancient cosmology of Iranian and Persian people.

In many Arab countries, Mother’s Day is celebrated on the Spring equinox and the Jewish celebration of Passover starts on the first full moon after the Northern Hemisphere vernal equinox.

Most Christian churches calculate Easter as the first Sunday after the first full moon on or after the March equinox but the Eastern Orthodox Churches use the older Julian calendar so the actual date of Easter differs.

In Japan the Spring Equinox became an official holiday in 1948, Shunbun no hi.

We Pagans celebrate Ostara, one of the Eight Sabats of the Wheel, as a season of rebirth. The name is derived from Eostre, the Anglo-Saxon goddess of spring and fertility, and many symbols are associated with Ostara, including colored eggs and, what else? Rabbits:

In medieval societies in Europe, the March hare was viewed as a major fertility symbol — this is a species of rabbit that is nocturnal most of the year, but in March when mating season begins, there are bunnies everywhere all day long. The female of the species is superfecund and can conceive a second litter while still pregnant with a first. As if that wasn’t enough, the males tend to get frustrated when rebuffed by their mates, and bounce around erratically when discouraged.

Colored eggs are one of the symbols of fertility with an interesting, and this unconfirmed scary, history from Witches’ Voice :

(T)he traditional coloring and giving of eggs at Easter has very pagan associations. For eggs are clearly one of the most potent symbols of fertility, and spring is the season when animals begin to mate and flowers and trees pollinate and reproduce. In England and Northern Europe, eggs were often employed in folk magic when women wanted to be blessed with children. There is a great scene in the film The Wicker Man where a woman sits upon a tombstone in the cemetery, holding a child against her bared breasts with one hand, and holding up an egg in the other, rocking back and forth as she stares at the scandalized (and very uptight!) Sargent Howie. Many cultures have a strong tradition of egg coloring; among Greeks, eggs are traditionally dyed dark red and given as gifts.

As for the Easter egg hunt, a fun game for kids, I have heard at least one pagan teacher say that there is a rather scary history to this. As with many elements of our “ancient history, ” there is little or no factual documentation to back this up. But the story goes like this: Eggs were decorated and offered as gifts and to bring blessings of prosperity and abundance in the coming year; this was common in Old Europe. As Christianity rose and the ways of the “Old Religion” were shunned, people took to hiding the eggs and having children make a game out of finding them. This would take place with all the children of the village looking at the same time in everyone’s gardens and beneath fences and other spots.

It is said, however, that those people who sought to seek out heathens and heretics would bribe children with coins or threats, and once those children uncovered eggs on someone’s property, that person was then accused of practicing the old ways. I have never read any historical account of this, so I cannot offer a source for this story (though I assume the person who first told me found it somewhere); when I find one, I will let you know!

Oh, and that egg and, this year’s broom balancing thing, a myth that was debunked. Sorry.

Whatever you believe, or not, get out there in the garden or the park and celebrate the warmth of the sun, the longer days, renewal and rebirth.

Recently, I was driving along the Hutchinson River Parkway to pick up a friend who was in town and meet up with another friend for dinner in the area. It was a lovely warm evening and during the the drive we talked about the historic significance of the region. Dinner was fun and after dropping my friend at his hotel, I followed my usual route back to NYC that closely hugs the Hutchison River as it winds through the Bronx. As I was preparing my daily open thread, On This Day In History, I came across this Wikipedia entry for Anne Hutchinson for whom the river and parkway are named:

1638 – Anne Hutchinson is expelled from Massachusetts Bay Colony for religious dissent.

Anne Hutchinson (1591-1643) was one of the most prominent women in colonial America, noted for her strong religious convictions, and for her stand against the staunch religious orthodoxy of 17th century Massachusetts. She was a Puritan whose religious ideas were at odds with the established Puritan clergy in the Boston area, and her popularity and charisma created a schism in the Boston church which threatened to destroy the Puritans’ religious experiment in New England. Creating the most challenging situation for the ruling magistrates and ministers during her first three years in Boston, she was eventually tried and convicted, then banished from the Massachusetts Bay Colony with many of her followers. [..]

In 1634, after the birth of her 14th child, Hutchinson followed (John) Cotton to New England with her husband and 11 living children, and soon became well established in the growing settlement of Boston, in the English colonies. She was a midwife, and very helpful to those needing her assistance, as well as being very forthcoming with her personal religious opinions and understandings. Soon she was hosting women at her house once a week, providing commentary on recent sermons, and sharing her religious views, including criticism of many local ministers. These meetings became so popular, that she soon began offering meetings to men as well, to include the young governor of the colony, Harry Vane, and over 60 people a week were visiting her house to learn from her interpretations and views of religious matters. As a follower of Cotton, she espoused a “covenant of grace,” while accusing all of the local ministers (except for Cotton and her husband’s brother-in-law, John Wheelwright) of preaching a “covenant of works.” Several ministers complained about Hutchinson to John Winthrop, who served several terms as governor of the colony, and eventually the situation erupted into what is known as the Antinomian Controversy, resulting in Hutchinson’s 1637 trial, conviction, and banishment from the colony.

She was quite the activist for her day and stood trial for heresy, literally standing throughout the proceedings while, in what was believed, to be an advanced stage of pregnancy. She faced two trials, civil and church, and was expelled from Massachusetts by Gov. John Winthrop after being convicted by the church on March 22, 1638.

After her conviction, Anne. along with her husband, children and some of her followers, with the encouragement of Roger Williams, established the colony of Portsmouth “in what would become the Colony of Rhode Island and Providence Plantations:”

During Hutchinson’s imprisonment, several of her supporters prepared to leave the colony and settle elsewhere. A group of her followers, including her husband Will, met on 7 March 1638, at the home of the wealthy Boston merchant William Coddington. Ultimately 23 men signed what is known as the Portsmouth Compact, forming themselves into a “Bodie Politick” and electing Coddington as their governor, but giving him the Biblical title of “judge.” Of the signers, 19 of them initially planned to move to New Jersey or Long Island, but Roger Williams convinced them to settle in the area of his Providence Plantations settlement. Coddington purchased Aquidneck Island, in the Narragansett Bay, from the Narragansetts and the settlement of Pocasset (soon renamed Portsmouth) was founded. Anne Hutchinson followed in April, after the conclusion of her church trial.

Hutchinson, her children, and others accompanying her traveled for more than six days by foot in the April snow to get from Boston to Roger Williams’ settlement at Providence. They then took boats to get to Aquidneck Island, where many men had gone ahead of them to begin constructing houses. In the second week of April, she reunited with her husband, from whom she had been separated for nearly six months. [..]

She lived there for a few years, but after her husband’s death, threats of Massachusetts taking over Rhode Island compelled her to move totally outside the reach of Boston, into the lands of the Dutch. Sometime in 1642 she settled with her younger children in New Netherland near an ancient landmark called Split Rock in what would later become Bronx, New York City. Here she had a home built, but tensions with the native Siwanoy were high, and following inhumane treatment by the Dutch, the natives went on a series of rampages known as Kieft’s War, and in August 1643, all but one of the 16 members of Hutchinson’s household were massacred during an attack. The lone survivor, nine-year old Susanna Hutchinson, was taken captive, and held for several years before being returned to family members in Boston.

Hutchinson is a key figure in the study of the development of religious freedom in England’s American colonies and the history of women in ministry. She challenged the authority of the ministers, exposing the subordination of women in the culture of colonial Massachusetts. Although her religious ideas remain controversial, her implicit rejection of state authority to prescribe specific religious rites and interpretations, was later enshrined in the American Constitution. Massachusetts honors her with a State House monument calling her a “courageous exponent of civil liberty and religious toleration.”

The inscription on the base of the statue in front of the State House in Boston, Massachusetts that honors Anne and her daughter, Suzanna reads:

IN MEMORY OF

ANNE MARBURY HUTCHINSON

BAPTIZED AT ALFORD

LINCOLNSHIRE ENGLAND

20 JULY 1595 [sic]

KILLED BY THE INDIANS

AT EAST CHESTER NEW YORK 1643

COURAGEOUS EXPONENT

OF CIVIL LIBERTY

AND RELIGIOUS TOLERATION

Click on image to enlarge

Beside being one of the few women who have a river named for them, Anne Hutchinson is thought to be the basis for the character of Hester Prynne in Nathaniel Hawthorne‘s The Scarlet Letter. The parallel being “that Hutchinson is the heretic who metaphorically seduces the Puritan community, while in Hawthorne’s novel Hester Pyrnne literally seduces the minister of her community.”

Considering the recent debate over women’s access to health care and our First Amendment rights, remembering the early history of religion and the role that women played is a reminder that this conversation has been going on for a lont time.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Wednesday is Ladies’ Day.

Maureen Dowd: Heart of Darkness

When the gentleman from North Carolina mentioned “Uncle Chang,” it hit with an awkward clang.

“We are spending $10 billion a month that we can’t even pay for,” said Congressman Walter Jones, that rarest of birds, a Southern Republican dove. “The Chinese – Uncle Chang is lending us the money to pay that we are spending in Afghanistan.”

On Tuesday morning, members of the House Armed Services Committee tried to grill Marine Corps Gen. John Allen, the commander in Afghanistan who succeeded David Petraeus, about the state of the mission.

The impossible has happened in the past few weeks. A war that long ago reached its breaking point has gone mad, with violent episodes that seemed emblematic of the searing, mind-bending frustration on both sides after 10 years of fighting in a place where battle has been an occupation, and preoccupation, for centuries.

Katrina vanden Heuvel; The man blocking America’s recovery

He is the most powerful federal employee you’ve never heard of. Edward DeMarco has slowed the economic recovery with the stroke of a pen. His actions are costing taxpayers tens of billions of dollars, forcing millions of homeowners to lose their homes, and contributing to the falling housing prices that are a brake on the recovery.

Not bad for an obscure “acting director” who should have departed his position long ago.

Edward DeMarcoheads the Federal Housing Finance Agency (FHFA). He’s a temp, in office only because – no surprise – Senate Republicans, led by Richard Shelby (Ala.), refused even to allow a vote on the man President Obama nominated for the post.

And DeMarco is philosophically opposed to the common-sense solutions needed to deal with the housing crisis.

When Fannie Mae and Freddie Mac – holders or guarantors of about 60 percent of housing mortgages – were bailed out, the FHFA was tasked with supervising their activities, with a mandate to minimize taxpayer losses. That gives DeMarco extraordinary power.

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

March 21 is the 80th day of the year (81st in leap years) in the Gregorian calendar. There are 285 days remaining until the end of the year.

March 21st is the common date of the March equinox (although astronomically the equinox is more likely to fall on March 20 in all but the most easterly longitudes). In astrology, the day of the equinox is the first full day of the sign of Aries. It is also the traditional first day of the astrological year.

On this day in 1804, the Napoleonic Code approved in France.

After four years of debate and planning, French Emperor Napoleon Bonaparte enacts a new legal framework for France, known as the “Napoleonic Code.” The civil code gave post-revolutionary France its first coherent set of laws concerning property, colonial affairs, the family, and individual rights.

In 1800, General Napoleon Bonaparte, as the new dictator of France, began the arduous task of revising France’s outdated and muddled legal system. He established a special commission, led by J.J. Cambaceres, which met more than 80 times to discuss the revolutionary legal revisions, and Napoleon presided over nearly half of these sessions. In March 1804, the Napoleonic Code was finally approved.

The Napoleonic Code, or Code Napoléon (originally, the Code civil des Français), is the French civil code, established under Napoléon I in 1804. The code forbade privileges based on birth, allowed freedom of religion, and specified that government jobs go to the most qualified. It was drafted rapidly by a commission of four eminent jurists and entered into force on March 21, 1804. The Napoleonic Code was not the first legal code to be established in a European country with a civil legal system, it was preceded by the Codex Maximilianeus bavaricus civilis (Bavaria, 1756), the Allgemeines Landrecht (Prussia, 1794) and the West Galician Code, (Galicia, then part of Austria, 1797). It was, however, the first modern legal code to be adopted with a pan-European scope and it strongly influenced the law of many of the countries formed during and after the Napoleonic Wars. The Code, with its stress on clearly written and accessible law, was a major step in replacing the previous patchwork of feudal laws. Historian Robert Holtman regards it as one of the few documents that have influenced the whole world.

Contents of the Code

The preliminary article of the Code established certain important provisions regarding the rule of law. Laws could be applied only if they had been duly promulgated, and only if they had been published officially (including provisions for publishing delays, given the means of communication available at the time); thus no secret laws were authorized. It prohibited ex post facto laws (i.e., laws that apply to events that occurred before them). The code also prohibited judges from refusing justice on grounds of insufficiency of the law-therefore encouraging them to interpret the law. On the other hand, it prohibited judges from passing general judgments of a legislative value (see above).

With regard to family, the Code established the supremacy of the husband with respect to the wife and children; this was the general legal situation in Europe at the time. It did, however, allow divorce on liberal basis compared to other European countries, including divorce by mutual consent.

As per the military command, War Is Actually Going Fine

Never mind the riots, the fratricides, the burned holy books and the bloody slaughter of civilians. The commander of the Afghanistan war believes the decade-long conflict is “on track.”

That’s Gen. John Allen’s message to Congress at perhaps the most politically precarious moment in the decade-long war. Allen, in Washington for his first round of congressional testimony since taking command in July, told the House Armed Services Committee, “our troops know the difference they are making and the enemy feels it every day.”

Since Allen took charge of the war, the following has happened in Afghanistan: A U.S. special operations Chinook helicopter crashed, killing 27 troops, possibly after an insurgent attack. A different U.S. helicopter killed 24 Pakistani troops during a chaotic exchange of fire that lasted hours. Photos of Marines urinating on Afghan corpses emerged. U.S. troops burned the Koran at a giant wartime prison, prompting nationwide riots. In apparent retaliation, an Afghan employee of the Interior Ministry murdered two U.S. officers. A U.S. staff sergeant in Panjwei allegedly murdered 16 Afghan civilians, mostly women and children. The Taliban has suspended peace talks with the U.S. and Afghan President Hamid Karzai has proclaimed himself “at the end of the rope” with Washington.

“To be sure,” Allen testified, “the last couple months have been trying.”

MSNBC Political Analyst Ezra Klein sits in for Chris Hayes, and is joined by Elise Jordan, former speechwriter for Secretary of State Condoleezza Rice, CBS contributor Nancy Giles, The New York Times’ Jodi Kantor, and Wired.com’s Spencer Ackerman, for an in-depth discussion on the U.S. military presence in Afghanistan that has spanned over a decade.

Some really great news, all be it, in the grand scheme of things not all that earth shaking but a win for an wounded Iraq veteran and her bomb sniffing dog, Sgt. Rex who will be reunited thanks to the efforts of New York Sen, Chuck Schumer and an animal loving blogosphere.

Wounded combat dog to rejoin Marine veteran

U.S. Sen. Charles Schumer said Monday night that the Air Force has agreed to release Sgt. Rex into the care of former Cpl. Megan Leavey, of Rockland County, just north of New York City.

Leavey was injured with Rex in 2006 while trying to disarm an explosive. They convalesced together.

Rex is credited with saving lives and uncovering explosives that saved more.

Schumer had intervened when Leavey, a Purple Heart recipient, was first denied in her effort to adopt Rex in 2007. Rex had recovered with Leavey from their injuries, and Rex was returned to service.

Now Rex, a black and brown German Shepherd, is 10 years old and can’t continue his military service, but Schumer said bureaucracy still stood in the way of the adoption.

“We salute the Air Force and the Marines for doing the right thing and allowing Rex to be with Corporal Leavey,” Schumer said Monday night. “One canine, one human, both heroes. They should be united shortly, and we’re glad it’s happening.” [..]

Schumer, a Democrat, had sought to help Leavey cut through red tape to reunite the pair. He also started a national online petition to help persuade the Air Force to act quicker.

“It’s only appropriate and right that the two of them enjoy their retirement from the service together,” Schumer said. “I again want to thank the Air Force and Marines for moving so quickly, and I want to thank the thousands of New Yorkers and Americans who showed their support online.”

Leavey recently told MSNBC that Rex is her partner and she loves him.

“We have been through so much together,” she said. “… I’ve spent day and night with this dog. It’s a very strong bond.”

Thank you, especially. to our dear friend and blog partner, davidseth, who brought this to the attention of our readers at The Stars Hollow Gazette, Docudharma and Daily Kos, with his website, Dream Antilles h.

Thank you to our dog loving friend, noweasels, at Daily Kos who had a recommended diary to get more signatures on the petition.

Thank you to Sen. Schumer, who has worked to petition the Department of Defense to reunite Cpl. Leavey and Sgt Rex.

And thank you, thank you, thank you, to everyone who signed the petition, sent an e-mail, recommended an article to reunite these two veterans.

My late, beloved dog, Mulder, would approve.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

New York Times Editorial: You Scratch My Back. …

With their eye on campaign cash, President Obama and lawmakers from both parties have decided they can all get more from corporate constituents if they cooperate to enact legislation that big donors want.

The legislation is the JOBS Act, or Jump-Start Our Business Start-Ups Act, which passed the House with White House support this month and will be voted on this week in the Senate. JOBS, named in Orwellian fashion, is not about jobs. It is about undoing investor safeguards in federal law, including parts of the Sarbanes-Oxley law and other landmark protections, so that companies can raise money without having to follow rules on disclosure, accounting, auditing and other regulatory mainstays.

Simon Johnson: Fiscal Affairs: A Colossal Mistake of Historic Proportions: The “JOBS” Bill

From the 1970s until recently, Congress allowed and encouraged a great deal of financial market deregulation — allowing big banks to become larger, to expand their scope, and to take on more risks. This legislative agenda was largely bipartisan, up to and including the effective repeal of the Glass-Steagall Act at the end of the 1990s. After due legislative consideration, the way was cleared for megabanks to combine commercial and investment banking on a complex global scale. The scene was set for the 2008 financial crisis — and the awful recession from which we are only now beginning to emerge.

With the so-called JOBS bill, on which the Senate is due to vote Tuesday, Congress is about to make the same kind of mistake again — this time abandoning much of the 1930s-era securities legislation that both served investors well and helped make the US one of the best places in the world to raise capital. We find ourselves again on a bipartisan route to disaster.