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Who could possibly want to stop Wall Street reform and consumer protection, anyway? Mitt Romney and the GOP, that's who.
Quote:
Romney wants to kill the baby in its cradle before it grows strong enough to corral the gang of bankers and billionaires who crashed the economy in the fall of 2008 with their greed and arrogance. While waiting for Romney to come in and kill the reform, House Republicans have crippled the new law by refusing to approve regulations issued by the Treasury Department designed to implement the reform.
There were no birthday bashes with bottles of bubbly in the Hamptons Saturday to celebrate the first birthday of the Dodd-Frank legislation becoming law. However, if Mitt Romney becomes president, there will be plenty of parties on Wall Street to celebrate the law's demise. The bash to celebrate the death of Dodd-Frank will be catered by the same band of banksters who gave us the Great Recession which cost millions of Americans their jobs and then their homes.
The Bush administration and Congress rubbed salt in the wounds of working families when it forked over $7.7
trillion to the gang who caused the problem in the first place with few strings attached. The purpose of the bailout bucks was to give banks enough money to start making loans again to ease the consumer credit crunch and stimulate the economy. Instead the lords of finance used the money for golden parachutes, Caribbean getaways, and the naming rights to the New York Mets' grand new stadium. The new law would make sure that this never happens again.
Well, Wall Street actually should be pretty happy with Obama too, as Timothy Geithner is Wall Street's concierge... and God knows, Barack was so generous with them. But I guess they think the Mittster will be even more enthusiastic about their neverending quest to screw somebody over to make a buck.
Could this be why Romney is getting such large campaign contributions...or do they just think he's a really great guy...
Some surely think he's a great guy, he's a puppet and Ryan is one of the puppet masters.
God fordbid if something would happen to Romney and Ryan became president, nobody thinks of that, people don't use their heads, I trust Joe more than sneaky Paulie anyday
Do you know how many elderly people with arthritic hands and no one under the age of 18 in their homes have to put up with child safety caps on their prescription medicines?
I'm sorry if little Suzie puts everything in her mouth. Parents should watch her not have the government do it for them.
I'm sorry if 2 year olds fall off their plastic tricycles about a foot and a half high off the ground but making them wear helmets is assinine. If they were standing up and fell down they'd fall a longer distance. Why don't we just put a helmet on them when they come out of the womb.
A top Republican donor and outspoken critic of the Dodd-Frank financial reforms has called on Mitt Romney to pursue tougher regulations and force big banks to be more transparent.
Paul Singer, a billionaire hedge fund manager and chairman of Elliott Associates, recently raised the issue with Romney officials, according to the Financial Times, when he sent the officials his firm’s quarterly investor letter, which argues that a financial “black hole” looms without tougher controls on banks.
The letter states that Dodd-Frank is “ill conceived” and complains that the law does not demand the level of transparency that is necessary for creditors and counter-parties to understand “how their claim on specific vehicles in a complicated capital structure will be treated in the liquidation process.”
Romney opposes Dodd-Frank, but he has been vague in offering an alternative. He has pledged on his website to “tear down the vast edifice of regulations the Obama administration has imposed on the economy” by, among other things, repealing Dodd-Frank.
I think that it is despicable that not one person has been held accountable for what led up to the bailouts and the "too big to fail" bull ****, but even if Obama could have done more, at least there is some type of consumer protection in place as opposed to the Wall Street boot licking that Romney intends to do if elected.
Do you know how many elderly people with arthritic hands and no one under the age of 18 in their homes have to put up with child safety caps on their prescription medicines?
I'm sorry if little Suzie puts everything in her mouth. Parents should watch her not have the government do it for them.
I'm sorry if 2 year olds fall off their plastic tricycles about a foot and a half high off the ground but making them wear helmets is assinine. If they were standing up and fell down they'd fall a longer distance. Why don't we just put a helmet on them when they come out of the womb.
Gee, I sure hope you aren't one of those anti-abortion people who idolize fetuses.. given how much you hate little kiddies themselves.
Do you know how many elderly people with arthritic hands and no one under the age of 18 in their homes have to put up with child safety caps on their prescription medicines?
I'm sorry if little Suzie puts everything in her mouth. Parents should watch her not have the government do it for them.
I'm sorry if 2 year olds fall off their plastic tricycles about a foot and a half high off the ground but making them wear helmets is assinine. If they were standing up and fell down they'd fall a longer distance. Why don't we just put a helmet on them when they come out of the womb.
What does Dodd-Frank have to do with child safety? Nothing, so let's not deflect.
For those that do not know, Dodd-Frank is a piece of legislation that increased government oversight of trading in complex financial instruments such as derivatives.
Romney will repeal with no plan to replace it with anything...why would that be?
Last edited by sickofnyc; 09-04-2012 at 07:33 AM..
What does Dodd-Frank have to do with child safety? Nothing, so let's not deflect.
For those that do not know, Dodd-Frank is a piece of legislation that increased government oversight of trading in complex financial instruments such as derivatives.
Romney will repeal with no plan to replace it with anything...why would that be?
Romney has been bought by his fellow millionaires on Wall Street and of course they expect something in return. Deregulation of finances, more aggressive miliary action, former Bush advisors and staff in Romney's lineup.....who in their right mind would want to re-live the Bush years???
Romney has been bought by his fellow millionaires on Wall Street and of course they expect something in return. Deregulation of finances, more aggressive miliary action, former Bush advisors and staff in Romney's lineup.....who in their right mind would want to re-live the Bush years???
Only the Obama basher, birthers and bigots can answer that.
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