Water Over Gold
New member
A) Why did we wait almost 2 years after the "crises" to decide maybe we needed to do something about Wall Street??
B) Didn't the housing crises (created by easy credit: a product of Federal Reserve policies) precipitate the economic crises??
C) Why is the Federal Reserve being given more power in the form of a consumer protection agency (lol) when they failed so miserably the first time??
D) Why is no one discussing re-instituting Glass-Steagall as part of this reform?? (separate commercial banking from investment banking)
E) Do Democrats think Americans are going to believe CHRIS DODD (of ALL people) wrote a financial reform bill?? (considering he is one of Wall Street's favorite whores in congress.......author of AIG bonus language in original bailout etc.)
http://news.yahoo.com/s/ap/us_obama_financial_reform#mwpphu-container
The U.S. is destined to endure a new economic crisis that sticks taxpayers with the bill unless Congress tightens oversight of the financial industry, President Barack Obama said Saturday.
The overhaul is the next major piece of legislation that Obama wants to sign into law this year, but solid GOP opposition in the Senate is jeopardizing that goal.
"Every day we don't act, the same system that led to bailouts remains in place, with the exact same loopholes and the exact same liabilities," Obama said in his weekly radio and Internet address. "And if we don't change what led to the crisis, we'll doom ourselves to repeat it.
"Opposing reform will leave taxpayers on the hook if a crisis like this ever happens again," the president said.
dave........."The dems want to put regulation back in place to stop this from happening again"
WHAT IS IN THIS BILL that would do that??
dave.........I understand Democrats are trying to make it sound like derivatives trading was the whole problem, but it wasn't. Countrywide contributed (Chris Dodd's favorite company), Federal Reserve policies contributed, the fact that commercial and investment banking are intertwined contributed.
poboy..........."The concept was to elevate the poor through the power of home ownership. "
Except for that small detail where they didn't actually have the money to pay for the home..........which is why we have so many foreclosures now.................the plan was retarded from the very beginning.
ned........."banks setting up investment to fail and profiting from the failure,"
Because they KNEW you can't actually SELL lots of homes to poor people who can't pay for the homes. You can re-sell their mortgage however.
B) Didn't the housing crises (created by easy credit: a product of Federal Reserve policies) precipitate the economic crises??
C) Why is the Federal Reserve being given more power in the form of a consumer protection agency (lol) when they failed so miserably the first time??
D) Why is no one discussing re-instituting Glass-Steagall as part of this reform?? (separate commercial banking from investment banking)
E) Do Democrats think Americans are going to believe CHRIS DODD (of ALL people) wrote a financial reform bill?? (considering he is one of Wall Street's favorite whores in congress.......author of AIG bonus language in original bailout etc.)
http://news.yahoo.com/s/ap/us_obama_financial_reform#mwpphu-container
The U.S. is destined to endure a new economic crisis that sticks taxpayers with the bill unless Congress tightens oversight of the financial industry, President Barack Obama said Saturday.
The overhaul is the next major piece of legislation that Obama wants to sign into law this year, but solid GOP opposition in the Senate is jeopardizing that goal.
"Every day we don't act, the same system that led to bailouts remains in place, with the exact same loopholes and the exact same liabilities," Obama said in his weekly radio and Internet address. "And if we don't change what led to the crisis, we'll doom ourselves to repeat it.
"Opposing reform will leave taxpayers on the hook if a crisis like this ever happens again," the president said.
dave........."The dems want to put regulation back in place to stop this from happening again"
WHAT IS IN THIS BILL that would do that??
dave.........I understand Democrats are trying to make it sound like derivatives trading was the whole problem, but it wasn't. Countrywide contributed (Chris Dodd's favorite company), Federal Reserve policies contributed, the fact that commercial and investment banking are intertwined contributed.
poboy..........."The concept was to elevate the poor through the power of home ownership. "
Except for that small detail where they didn't actually have the money to pay for the home..........which is why we have so many foreclosures now.................the plan was retarded from the very beginning.
ned........."banks setting up investment to fail and profiting from the failure,"
Because they KNEW you can't actually SELL lots of homes to poor people who can't pay for the homes. You can re-sell their mortgage however.