Can someone explain exactly how this financial reform bill would help avoid

Water Over Gold

New member
future bailouts? Democrats keep saying this is blatantly false, but they never explain why. It would seem the preferred tactic is to link this criticism with Frank Luntz and then ignore it.

Could someone explain why this bill would prevent future bailouts beyond any shadow of a doubt?? Or is the reason they never explain why this isn't true is because there is a small possibility it actually will be true??

http://tpmdc.talkingpointsmemo.com/2010/04/schumer-to-gop-on-financial-reform-you-lie.php?ref=fpa

Pressed by reporters as to whether he agreed with that interpretation Senate Majority Leader Harry Reid was unwilling to go that far, saying only that the GOP contention that financial reform will lead to more bailouts is "not true."

At the event, Democratic leadership took the unusual step of showing video clips of GOP leaders intoning against the financial reform bill, followed by a clip of Sen. Bob Corker (R-TN) rebutting their claims.
 
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