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Well, another "we all know this" story. So far, NOTHING coming from obama's brain has achieved what he said it would.
Maybe that's why the GOP is united against this bill - they understand it is just more power and control the democrats are looking for, without addressing one of the biggest frauds in American history - Fannie & Freddie.
We couldn't find any who fully endorse the reforms backed by President Obama and Democrats in Congress.
"A vote for reform is a vote to put a stop to taxpayer-funded bailouts," Obama said in his speech in New York on Thursday.
I cannot find any experts -- of any party -- who are willing to agree with Obama on this one.
Just as he did with obamacare, student loans and the stimulus, he will try and ram this through as well, probably without a sufficient time to even read and digest the bill.
Well, another "we all know this" story. So far, NOTHING coming from obama's brain has achieved what he said it would.
Maybe that's why the GOP is united against this bill - they understand it is just more power and control the democrats are looking for, without addressing the one of the biggest frauds in American history - Fannie & Freddie.
Just as he did with obamacare, student loans and the stimulus, he will try and ram this through as well, probably without a sufficient time to even read and digest the bill.
So tell me sanrene, what alternative, well thought out, comprehensive proposals your guys have drafted to deal with the issue of TBTF?
Still hoping and praying for that elusive Obama "Waterloo", huh?
These guys want a failure of epic proportions despite the fact that such a failure would likely also bring down country as a whole.
Its just all about them, nation be damned.
Fact of the matter is there are many amendments being proposed to the Dodd bill but sanrene does not want to mention that because she is perfectly content with the looting of 13 trillion dollars from taxpayers due to corporate malfeasance.
"For the Brown/Kaufman Amendment to have a chance of reaching the Senate floor for an up or down vote, much less of passing, it will require a massive show of public support. The Progressive Change Campaign Committee and a New Way Forward have started a petition drive to support Brown/Kaufman.
This won't be an easy fight. Neither the Obama White House nor the Senate Democratic leadership currently supports breaking up Too Big to Fail Banks. Every indication is that Tim Geithner's Treasury Department even opposes including the Volker Rules--which would limit proprietary trading in the global financial casino by federally insured banks--in the final legislation. President Obama is likely to remain silent on breaking up Too Big to Fail banks, or even work behind the scenes to prevent Brown/Kaufman from making it to the Senate floor. Same for the Senate Democratic leadership who may want to block a floor vote which would force Democratic Senators to choose between standing with the people and passing Brown/Kaufman or standing with their big campaign contributors--who are spending $1 million a day to lobby against real financial reform--and voting it down."
I half agree. I agree that the bill is insufficient. But I disagree that Republican viewpoints are any better. The GOP will basically just always say the opposite of anything the Democrats say in an effort to ensure that nothing ever gets done...really not a constructive approach. If it's up to the GOP, nothing will ever change.
Just as we thought. Another obama bill that will NOT live up to his overblown, partisan rhetoric. I guess this is why the democrats are again in such a rush to get this passed.
The financial-regulatory bill now before the Senate is so filled with special-interest loopholes and exclusions that it makes the health-care "reform" bill, with its "Cornhusker Kickback" and "Louisiana Purchase," look like a model of rectitude.
None of the Goldman executives have been found to have done anything wrong, but some Democrats were ready to place them in the same role played in past financial crises by high-fliers like Charles Keating, Michael Milken and Ken Lay, all of whom came to personify the excesses of the moment.
The hearings were the culmination of a Democratic strategy to take full advantage of the opportunity created by the S.E.C. civil case.
Nor surprising the democrats and obama are playing politics with the issue.
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