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And they will all be filled with women and minorities if that provision is strickly upheld !
You might want to clarify that or liberals will take that as "we dont want women and minorities to work". lol
This quota bs is against the law. How they get away with this is beyond me. Jobs should NOT be given to someone based on their gender or skin color. And the Democrats tell us WE ARE THE RACISTS?! EVERYTHING they do has something to do with friggin race.
It's a better guarantee that the taxpayers won't have to pay for another bailout than what was in place before it.
The solution to the bailouts was to say 'No more bailouts.' Instead the Dems used a crisis largely created by government distortion of real estate and banking to increase the power of government at the expense of consumers. This monstrosity of a bill will add tens of billions of dollars to the cost of doing business and those costs will be passed on to the consumer. So we end up paying whether as taxpayers or consumers. So the bankers were made whole; the politicians increased their power; and the victims of all the chicanery get to pay the cost of the "reform." Don't you love it?
[quote=Wapasha;15064580]Refusing to regulate Fannie and Freddy helped cause the financial melt down, and there is still no regulation for Fannie and Freddie in this bill. Refusing to perform monthly inspections on that oil well happened even with regulations demanding the inspections be performed.
When they relaxed the federal regulations on Banks selling high risk investments, they paved the way for the mess that caused the banks to collapse. They sold sub-prime mortgages as AAA securities because they could. Then when it all blew up in their faces, they were bailed out by the gubmt (remember TARP) on the taxpayers dime.
Last edited by CaseyB; 07-16-2010 at 10:38 AM..
Reason: the thread isn't about the oil spill
Yay! Feds Get More Power & Responsibility w/ Financ. Reg.
Yay!
Better than giving it to the corporations that sank the economy. We didn't stand the risk of a second depression until the Repubs repealed the Glass-Steagall Act in 2000, deregulating the financial system. Only took 8 uears for Wall St to mess it up big-time.
Better than giving it to the corporations that sank the economy. We didn't stand the risk of a second depression until the Repubs repealed the Glass-Steagall Act in 2000, deregulating the financial system. Only took 8 uears for Wall St to mess it up big-time.
Glass Steagal Act was repealed by Clinton.. And the money GOES TO corporations.. Do you understand that if one of these corporations go bad, TAXPAYERS take them over under this bill?
Better than giving it to the corporations that sank the economy. We didn't stand the risk of a second depression until the Repubs repealed the Glass-Steagall Act in 2000, deregulating the financial system. Only took 8 uears for Wall St to mess it up big-time.
it wasnt glass-steagall...it was clinton and fannie/freddie and the chiefs of HUD (cisneros, and andrew Cuomo) easing the rules on mortgages...
You didn't need 2000+ pages to say "NO" to bank bailouts. There's no rule requiring the government to bail them out in the first place.
If you recall the House said "NO" to TARP the first time. Then they got a closed door visit from Paulsen and Bernake and passed it the second time. Congress got strong armed by the bankers to pass a bill containing a "blank check" to the banks.
Boy have some been taken to the cleaners with this bill.
it wasnt glass-steagall...it was clinton and fannie/freddie and the chiefs of HUD (cisneros, and andrew Cuomo) easing the rules on mortgages...
If Glass-Steagall was in place those bad mortgages wouldn't have had the same effect on Wall Street that they did. The bad mortgages would not have rippled throughout the entire financial economy.
We've had RE busts before and they were pretty much contained to the RE industry with just small amounts of fallout in related areas.
But this RE bust was the big Kahoona that took down Lehman and Bear and made GS and JPM billions richer.
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Yay! Feds Get More Power & Responsibility w/ Financ. Reg.
