Financial Bill

[Gipper]

Well they passed this piece of legislative garbage. I have not read it (same as our doofus congresspeople) since it is over 2,000 pages...(another example of their circumventing the Constitution)....

And they allowed Frank and Dodd to author this legislation. That is like allowing Mel Gibson and OJ Simpson to write domestic violence legislation.

Do you think BO reads the bill before signing it? I would guess not. He has a tee time.

 

[dogtowner]

Prezbo thinks it will prevent what happened as a result of Frank Raines at Fannie buying all the junk paper that he knew represented the sub sub sub prime loans his own regulations prevented him from buying as normal paper.

It does nothing to avert that sort of thing (it specifically exempts F&F).

But it will drive up prices on the consumables grown or manufactured in this country. AND add even more fees by our financial companies to cover the new taxes they will see !

It just gets better and better !

 

[Gipper]

Unbelievable!!!

Great Depression II coming soon to your town...thanks to DF Democrats.

 

[Pandora]

Unbelievable!!!

Great Depression II coming soon to your town...thanks to DF Democrats.

That picture looks more like one of those wicked cartoons. Man is America in for it!

 

[YehYah]

Well they passed this piece of legislative garbage. I have not read it (same as our doofus congresspeople) since it is over 2,000 pages...(another example of their circumventing the Constitution)....

And they allowed Frank and Dodd to author this legislation. That is like allowing Mel Gibson and OJ Simpson to write domestic violence legislation.

Do you think BO reads the bill before signing it? I would guess not. He has a tee time.

HEY GIP! 2315 to be exact and I read the first 30 pages
before becoming extremely ill. It reads like it might be the
side effects disclaimers from the hallucinogenic drugs that DODD and FRANKIE are on. As far as BO reading it, I don't think he'll be in office that long!!

________________________

You can lead a jackass to water: but then he would probably just sh*t in it....

 

[Gipper]

HEY GIP! 2315 to be exact and I read the first 30 pages
before becoming extremely ill. It reads like it might be the
side effects disclaimers from the hallucinogenic drugs that DODD and FRANKIE are on. As far as BO reading it, I don't think he'll be in office that long!!

Yes. But, the lawyers will make tons of money analyzing this commie law. It no doubt will cause tremendous problems and may lead to another great depression.

We are no longer a capitalist nation or even a constitutional republic. We are now a socialist nation lead by left wing elitists, yet the DF libs still blame every problem on capitalism and Wall Street. Crazy!!!

 

[YehYah]

Yes. But, the lawyers will make tons of money analyzing this commie law. It no doubt will cause tremendous problems and may lead to another great depression.

We are no longer a capitalist nation or even a constitutional republic. We are now a socialist nation lead by left wing elitists, yet the DF libs still blame every problem on capitalism and Wall Street. Crazy!!!

This monstrosity will create massive bureaus, oversight councils and committees that will hire contractors and subcontractors out the wazoo. Financial firms will have gov. paid know nothing slackers looking over their shoulder telling them how to do their job. If the gov. decides that they don't like how the firm is conducting it's business they can dismantle it at the firm expense. Imagine that paying for your own demise. I'm sure there was an oversight committee that was supposed to have been watching B.P.. Anytime the gov. oversees anything except taking our hard earned money via I.R.S. it's always a freaking disaster, like social insecurity (Who was it that was supposed to have been watching that LOCK BOX anyway?) and bankrupt medicare. Can't wait to tear into social security, so tune in tomorrow...

__________________________

You can't lead a liberal to water: But if you could he would probably just sh*t in it

 

[top gun]

It's a great day when Conservatives right here on this board bash Wall Street regulation while our country is still trying to emerge from the disaster of the many previously initiated Republican Wall Street DEregulation laws & guidelines.

Might of heard of it... The Bush Recession... greatest economic downturn since The Great Depression?

Oh well this is good. Reminds the entire counrtry... OH NO NOT AGAIN PLEASE DON'T VOTE REPUBLICANT!!!

 

[dogtowner]

It's a great day when Conservatives right here on this board bash Wall Street regulation while our country is still trying to emerge from the disaster of the many previously initiated Republican Wall Street DEregulation laws & guidelines.

Might of heard of it... The Bush Recession... greatest economic downturn since The Great Depression?

Oh well this is good. Reminds the entire counrtry... OH NO NOT AGAIN PLEASE DON'T VOTE REPUBLICANT!!!

So funny.

Frank Raines ignores his own regulations buying paper he knew was bad and you want to lame the GOP ? Had Dodd, Frank and Obama been providing the oversight they were charged to do instead of counting campaign contributions then we might have avoided this.

 

[top gun]

So funny.

Frank Raines ignores his own regulations buying paper he knew was bad and you want to lame the GOP ? Had Dodd, Frank and Obama been providing the oversight they were charged to do instead of counting campaign contributions then we might have avoided this.

The only thing that the Dems did was agree with pubbies on mortgages for lower income people... be it for completely different reasons.

Pubbies saw this a huge windfall of profits for banks.

Dems saw this as a way to improve lower income neighborhoods by having more owners and less renters which is a key element to better kept and appreciating in value neighborhoods.

And that was only one part... the mortgage industry. And sub-prime loans tallied up to be only about 12% of all failed mortgages. And least we forget good old Wall Street and all of their deregulated Las Vegas style trickery.

Spin if you must but the history is clear... you can't escape the facts... pubbies are the DEregulaters and on Bush's watch their whole house of cards collapsed.

 

[dogtowner]

The only thing that the Dems did was agree with pubbies on mortgages for lower income people... be it for completely different reasons.

Pubbies saw this a huge windfall of profits for banks.

Dems saw this as a way to improve lower income neighborhoods by having more owners and less renters which is a key element to better kept and appreciating in value neighborhoods.

And that was only one part... the mortgage industry. And sub-prime loans tallied up to be only about 12% of all failed mortgages. And least we forget good old Wall Street and all of their deregulated Las Vegas style trickery.

Spin if you must but the history is clear... you can't escape the facts... pubbies are the DEregulaters and on Bush's watch their whole house of cards collapsed.

Cant address the Frank Raines matter huh ? Of course not.
Cant address Dodd and Frank telling us all was fine with F&F days before they imploded ? OF COURSE NOT.
Just quit while you're behind.

 

[top gun]

I addressed it all. The fact Mr. ENRON that you can't hide your massive DEregulating past is your problem.

 

[dogtowner]

I addressed it all. The fact Mr. ENRON that you can't hide your massive DEregulating past is your problem.

Whats the point of regulation when Frank Raines is not required to adhere ? Same problem with prezbo's dingbat asleep at the Deepwate Horizon switch.

 

[Pidgey]

Actually, deregulation isn't a bad thing AS LONG AS... the person or entity that makes bad financial decisions will NOT be bailed out and WILL be prosecuted for fraud if applicable. THAT... in most cases is where your legislators (both sides of the aisle) utterly failed you--they seem to have neglected to write in "or else" language into the code. And where they did, they seem quite reluctant to utilize it.

The worst thing about the latest FinReg is that most of the truly good stuff was stripped out and it's pretty toothless. It's annoying to me that most of you in this discussion actually want the same thing--you'd like for the thieving to stop--but you're too locked in mortal combat to realize it. They had a saying for this kind of thing a long time ago: "Divide et impera" (Divide and Conquer).

 

[pocketfullofshells]

Actually, deregulation isn't a bad thing AS LONG AS... the person or entity that makes bad financial decisions will NOT be bailed out and WILL be prosecuted for fraud if applicable. THAT... in most cases is where your legislators (both sides of the aisle) utterly failed you--they seem to have neglected to write in "or else" language into the code. And where they did, they seem quite reluctant to utilize it.

The worst thing about the latest FinReg is that most of the truly good stuff was stripped out and it's pretty toothless. It's annoying to me that most of you in this discussion actually want the same thing--you'd like for the thieving to stop--but you're too locked in mortal combat to realize it. They had a saying for this kind of thing a long time ago: "Divide et impera" (Divide and Conquer).

yea, its not a bad thing if millions lose there pensions, Stocks, or a company tanks and drags the whole econ with it, becuse we did not feel the need to make sure they did things ethicly and legaly..

personaly I think since the right thinks the Death Penalty is such a great determent we should just line up the CEO, CFO, and top guys from the companies against a wall and shoot them ...maybe that would wake up some white color criminals. Regulators...mount up