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Um.. you have that backwards.. before voting YES you would have to have read the bill.. I would EXPECT anyone to vote no until they have time to read the bill in full.. You dont vote yes by default until you read the bill.. you vote NO..
Oh.............thats their excuse. They didnt have time to read it.......lol
So does this count as Republican Obstructionism? I mean considering what happened on Wall Street and how it affected Main Street why wouldn't you support Wall Street Reform? Oh that's right - because Obama does too. LOL.
I'll give Scott Brown this much - he knows his constituency. Voting lock step with the rest of the Republican Consortium has a short shelf life (if any at all) and alot of them are going to learn this the hard way.
It is 100% Republican obstructionism... a political ploy for the November elections... However I also think (like Feingold) that this bill does NOT go far enough... who do I have to thank for that? The democrats connected to Big Business... Its an "okay" law but it could of been a LOT better... I would not have been so kind to Wall Street...
So does this count as Republican Obstructionism? I mean considering what happened on Wall Street and how it affected Main Street why wouldn't you support Wall Street Reform? Oh that's right - because Obama does too. LOL.
I'll give Scott Brown this much - he knows his constituency. Voting lock step with the rest of the Republican Consortium has a short shelf life (if any at all) and alot of them are going to learn this the hard way.
No, obstructionism would have been if it had failed to pass. Unfortunately, it passed.
Why did Republicans largely, except a few RINOs, vote against it?
Possibly because this bill is a monstrous 2300 pages long with a bunch of non-relavant pork in it.
Possibly because those who are largely responsible for the failures of Freddie Mac/Fannie Mae (Dodd, Frank) had a large hand in crafting this bill. Can you say putting the fox in charge of the hen house?
Possibly because problems of Freddie Mac/Fannie Mae are not even addressed in this bill. As I've stated before, it is like trying to cure malaria while ignoring mosquitoes.
Possibly because there are huge favors to the unions in this bill that have absolutely nothing to do with financial reform.
Possibly because this bill allows the President and Sec. of the Treasury the power to completely by-pass Congress in determining what institutions/corporations the government wil send taxpayer $$ for loans & bailouts. One more step towards making Congress obsolete and placing unbalanced power in the executive branch!
It did not matter if it was one party or a bi partisan bill the banksters won, our wimp ass leaders would never bite the hands that feeds them.The {R}s by sitting back and doing hardly nothing will be rewarded because the Wall street money is swinging back there way.Happy days are here again
I'm not naive enough to actually believe that a bill put out by bought-and-sold legislators will actually prevent another financial collapse. Is anyone really that naive? Unfortunately, yes.
Way too many are. The MSM says "historic reform since the Great Depression".
What we have is not fixed or strengthened regulations, we have a whole new layer of regulators and oversight committees on top of the regulators.
So the regulators are being regulated now and giving them advice on regulation. Bigger government seems to be the answer of the day.
-If that's the case why wasn't Glass-Steagall reinstated ?
-Way too many new Offices and Committees are formed in addition to what we have now.
-The "skin in the game" regulation for the risky securities only requires the market maker to retain 5%..not alot of skin IMO.
-Banks (like GS) have 7 years to divest of hedge fund trading or turn them into "investment funds" or spin subsidiaries.
-Hedge Funds must disclose but only to the "systemic risk regulator" who reports to the SEC and Congress so investors are still out in the cold.
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