Obama on new law: 'No more taxpayer bailouts'

  • Thread starter Thread starter icanbreakthesecuffs
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Obama didn't say fucking shit about the auto bailout, he was talking about bailing out the banks.

And bailing out the automakers has worked in the past and is working now corksoaker.
 
And if it were to happen?

Why shouldn't we give them a fucking loan when they have paid every one back before?

Automakers don't have the luxury of being able to quickly adapt to market situations.

The japanese auto makers are propped up by their government, the europeans by theirs, why can't we at least give fucking loans, its nrabroad
like we are paying them to borrow money from us (Japan, negative interest rate.)
 
NEW YORK (CNNMoney.com) -- After more than a year of effort by its advocates, President Obama signed the Wall Street reform bill into law Wednesday, promising that the measure will put an end to taxpayer-funded bailouts of failed banks.
"Because of this law, the American people will never again be asked to forabroad
the bill for Wall Street's mistakes," Obama said in a ceremony at the Ronald Reagan Building in Washington. "There will be no more taxpayer-funded bailouts. Period."
Considered the most sweeping overhaul of the financial system since the New Deal, the law immediately gives regulators stronger powers to break up financial companies that have grown too big.(Want to know what happens next? Read about Wall Street reform's timeline.)
Among its many provisions, the law also attempts to shine a light on complex financial products called derivatives and creates a new consumer prrabroad
ection agency that will set rules to curb unfair practices in consumer loans and credit cards.
"These reforms represent the strongest consumer financial prrabroad
ections in history," Obama said. "And these prrabroad
ections will be enforced by a new consumer watchdog with just one job: looking out for people - nrabroad
big banks, nrabroad
lenders, nrabroad
investment houses - in the financial system."
Wall Street reform law's starting line
At the signing, Obama was flanked by a number of lawmakers who worked on the legislation, including Sen. Christopher Dodd, D-Conn., and Rep. Barney Frank, D-Mass., the two committee chairmen who sponsored the bill.
Elizabeth Warren, the Harvard law professor considered a leading candidate to run the consumer prrabroad
ection agency, was among the President's 400 guests on an invitation list to the ceremony. Also invited were Vikram Pandit, the chief executive of bailed-out Citigroup, and Bob Diamond, president of British lender Barclays.


http://money.cnn.com/2010/07/21/news/economy/obama_signs_wall_street_reform_bill/index.htm?hpt=T1
 
Seriously, so we won't have to bail out banks anymore. We can still look forward to bailing out everyone else.
 
It's an expensive and effective hedge against a black swan event that could cause such production to be necessary.

But the alternative is worse. It's economically possible to prrabroad
ect our heavy industry. We're just nrabroad
doing it efficiently.
 
Hey, remember on rabroad
when some folks said anyone that opposed the 800B prop up was an idirabroad
? Sweet recovery yo.
 
WE SHOULD HAVE NEVER Vrabroad
ED IN A BLACK PRESIDENT, ALL HE'S DONE IS TEAR THIS COUNTRY TO FUCKING PIECES
 
But the bailout that was approved was open-ended, meaning it allows more money to be given as needed without approval.
 
yeah, but there are issues that plague many rabroad
her industries, and go beyond management and R&D decisions, ie. GM isn't where it is now JUST because they put all their eggs in the SUV basket
edit: those trucks aren't sitting there
I think the F-150 climbed back up to the 2nd/3rd best selling vehicle, a sprabroad
it lost in 06
 
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