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Old 01-06-2011, 08:12 AM
 
31,387 posts, read 37,048,770 times
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Quote:
Originally Posted by sickofnyc View Post
Certainly not me, nor do I hope anyone else does. I love when life becomes funnier than fiction.
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Old 01-06-2011, 08:24 AM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720
What is in the financial reform bill that folks are afraid of losing ?
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Old 01-06-2011, 08:32 AM
 
13,186 posts, read 14,978,392 times
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Quote:
Originally Posted by HappyTexan View Post
What is in the financial reform bill that folks are afraid of losing ?
Nothing that wouldn't get a knee jerk dismissal from you .
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Old 01-06-2011, 08:37 AM
 
Location: PA
5,562 posts, read 5,682,859 times
Reputation: 1962
Quote:
Originally Posted by sickofnyc View Post
Bachmann to introduce bill repealing Wall Street reform | StarTribune.com

Gee, I wonder if there's anything in it for her???

I am confused.. giving the power to the treasury to bail out wall street and the idea of repealing this is bad how?
I think this is kinda funny the issue really is that the government let wall street get away with terrible banking practices. Mostly set by freddie mae and mac both government agencies. I have no issues with repealing this and i would ask that all the money that was used to bail them out be returned to the tax payers.
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Old 01-06-2011, 08:43 AM
 
6,484 posts, read 6,617,004 times
Reputation: 1275
Quote:
Originally Posted by sickofnyc View Post
Bachmann to introduce bill repealing Wall Street reform | StarTribune.com

Gee, I wonder if there's anything in it for her???
re-election? That would be my guess. Maybe a country that prospers if there is less government heavy-handedness on the economy? That'd be a good guess, too.
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Old 01-06-2011, 08:45 AM
 
27,624 posts, read 21,125,541 times
Reputation: 11095
Quote:
Originally Posted by LibertyandJusticeforAll View Post
I am confused.. giving the power to the treasury to bail out wall street and the idea of repealing this is bad how?
I think this is kinda funny the issue really is that the government let wall street get away with terrible banking practices. Mostly set by freddie mae and mac both government agencies. I have no issues with repealing this and i would ask that all the money that was used to bail them out be returned to the tax payers.
It cracked down on the mortgage industry, taking aim at "liar loans" handed to borrowers with no income by lenders with no skin in the game. Most derivatives will now be traded through regulated clearinghouses, so markets can see what they're worth and who's at risk. There were new protections for investors, new restrictions for hedge funds and lots of other excellent proposals that will now be the law of the land.
Wall Street Reform and Consumer Protection Surprisingly Passes - TIME

I don't know what part of the bill Bachmann was told to attack, but it's obvious that she is self-serving in doing this.
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Old 01-06-2011, 08:46 AM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720
Quote:
Originally Posted by LibertyandJusticeforAll View Post
I am confused.. giving the power to the treasury to bail out wall street and the idea of repealing this is bad how?
I think this is kinda funny the issue really is that the government let wall street get away with terrible banking practices. Mostly set by freddie mae and mac both government agencies. I have no issues with repealing this and i would ask that all the money that was used to bail them out be returned to the tax payers.
Do you really think the Treasury would not bail out Wall Street should a crisis happen again ?

So now they would let the US crash vs before they couldn't let it happen ?
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Old 01-06-2011, 08:47 AM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720
Quote:
Originally Posted by padcrasher View Post
Nothing that wouldn't get a knee jerk dismissal from you .
Says volumes for what you think is in this bill that you are so afraid of losing.
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Old 01-06-2011, 08:48 AM
 
21,026 posts, read 22,150,071 times
Reputation: 5941
Quote:
Originally Posted by HappyTexan View Post
Ok, but the votes came from in her state.
In the end..the people put her in office regardless of who gave her money or how much.
I NEVER said votes came from anywhere but Minnesotans, the ONLY people who can vote for her.

HOWEVER, in this country it's unfortunate but MONEY talks, MONEY makes a campaign, MONEY makes a winner....and MOST of her money came from out of state and out of country.

She had more money than any other candidate in the country.

She first LIED and said she wasn't running for President but then WHY did she spend most of her time campaigning for MN rep while OUT OF THE STATE.


She LIED about her opponent and simply had more money to get out her lies....


She has lied consistently.


She has made outrageous statements to get her BOTOXED face in front of any camera....





Do YOU think the census lead to concentration camps?


Can you give me the address of these camps???
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Old 01-06-2011, 08:49 AM
 
Location: Great State of Texas
86,052 posts, read 84,481,831 times
Reputation: 27720
Reinstating Glass-Steagall would do this country more good than all the items in that financial reform bill. But that never came up.

Rather than fix what broke, leave it be and add layers upon layers of "oversight" which won't stop it from happening again. These oversight boards will just monitor and WARN. How is that reform ?
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