Wall Street Reform Passes

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    Jul 15, 2010 8:32 PM GMT
    The Recovery Act, health reform, and now Wall Street reform. In a year and a half, this administration has made bigger, bolder progress than any president in decades!
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    Jul 15, 2010 8:35 PM GMT
    Do your own research. It's not my job to educate the ignorant.
  • Posted by a hidden member.
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    Jul 15, 2010 8:40 PM GMT
    Don't assume. You just make an even BIGGER ass out of yourself.
  • Posted by a hidden member.
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    Jul 15, 2010 8:44 PM GMT
    Like I said, it's not my job to educate the ignorant. Google it yourself. Then, cut and paste your own fox news tidbits.
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    Jul 15, 2010 8:52 PM GMT
    catfish5 saidLike I said, it's not my job to educate the ignorant. Google it yourself. Then, cut and paste your own fox news tidbits.



    LMFAO

    Nicely done.

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    Jul 15, 2010 9:10 PM GMT
    southbeach1500 said
    rickrick91 said
    catfish5 saidLike I said, it's not my job to educate the ignorant. Google it yourself. Then, cut and paste your own fox news tidbits.



    LMFAO

    Nicely done.


    And still not even one thing that is so "good" about it has been posted.

    Oh wait, I get it, it's a great new law because Obama and the Democrats supported it.

    Got it.


    Is that the best you can do? Go consult fox news or Sarah Palin and get back to us on this.
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    Jul 15, 2010 9:17 PM GMT
    southbeach1500 said
    rickrick91 said
    catfish5 saidLike I said, it's not my job to educate the ignorant. Google it yourself. Then, cut and paste your own fox news tidbits.



    LMFAO

    Nicely done.


    And still not even one thing that is so "good" about it has been posted.

    Oh wait, I get it, it's a great new law because Obama and the Democrats supported it.

    Got it.



    How unfair of you to not give credit to the three Republicans who voted for it, SB.
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    Jul 15, 2010 9:41 PM GMT
  • creature

    Posts: 5197

    Jul 15, 2010 10:16 PM GMT
    I was reading about it on Politico. Some democrats don't think it goes too far, as there is some wiggle room for Wall Street to make some bad investments. But it's a very good start. Much like healthcare, and really, like most laws -- the important thing is to provide the foundation. Nothing comes out perfect from the get go and expecting it to be is delusional.

    Next on the agenda -- energy reform!
  • creature

    Posts: 5197

    Jul 15, 2010 10:19 PM GMT
    And thank you catfish for acknowledging what this administration has done. Although there is still more to do, it's quite an accomplishment for just a year and a half.
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    Jul 15, 2010 10:19 PM GMT
    creature saidAnd thank you catfish for acknowledging what this administration has done. Although there is still more to do, it's quite an accomplishment for just a year and a half.



    this.
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    Jul 15, 2010 10:37 PM GMT
    dancerjack said
    creature saidAnd thank you catfish for acknowledging what this administration has done. Although there is still more to do, it's quite an accomplishment for just a year and a half.



    this.



    these (nuts).
  • Posted by a hidden member.
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    Jul 15, 2010 10:37 PM GMT
    http://news.yahoo.com/s/ap/20100715/ap_on_bi_ge/us_financial_overhaul
  • solak

    Posts: 493

    Jul 15, 2010 11:42 PM GMT
    Large Wall Street banks must be dancing in their penthouses..

    "By leaving so much to the discretion of existing regulators, the new law is a boon to Wall Street lobbyists, who will now be working behind the scenes to influence the regulators.."

    “There are the six largest banks, which account for about 60 percent of the financial system, and then there is everybody else, from regional banks down to credit unions. The top six get a subsidy in the form of lower borrowing costs. And everybody else pays for it.

    http://www.msnbc.msn.com/id/38266914/ns/business-eye_on_the_economy/

    6 largest banks will eat market share of the small mom and pop banks/credit unions..

    kill competition, raise fees to the public as they have less options, and payoff DC for it...

    business as usual, nothing to see here icon_cool.gif
  • solak

    Posts: 493

    Jul 15, 2010 11:53 PM GMT
    solak saidLarge Wall Street banks must be dancing in their penthouses..

    "By leaving so much to the discretion of existing regulators, the new law is a boon to Wall Street lobbyists, who will now be working behind the scenes to influence the regulators.."

    “There are the six largest banks, which account for about 60 percent of the financial system, and then there is everybody else, from regional banks down to credit unions. The top six get a subsidy in the form of lower borrowing costs. And everybody else pays for it.

    http://www.msnbc.msn.com/id/38266914/ns/business-eye_on_the_economy/

    6 largest banks will eat market share of the small mom and pop banks/credit unions..

    kill competition, raise fees to the public as they have less options, and payoff DC for it...

    business as usual, nothing to see here icon_cool.gif


    to requote myself, no wonder why Wall St. heavily voted left, they get to pull and tug at the puppets in DC..

    politcaldonationsgraph.png

    no payout, no bailouticon_idea.gif

    hopefully our gay votes will get reimbursed as well, but i'll have my pocket book open with further donations in case I'm still deemed a 2nd class citizen.icon_lol.gif
  • Webster666

    Posts: 9217

    Jul 16, 2010 12:30 AM GMT
    catfish5 saidDon't assume. You just make an even BIGGER ass out of yourself.




    I think I have a new best friend !
    ___________________________________________

    What I find hilarious is that the pompous Republicans thought they had an impenetrable road block when a Republican won Ted Kennedy's Senate seat. So far, he's voted for common sense instead of being in lock step (goose step ?) with the party of, "No."


    Senator Scott Brown, Republican, from Massachusetts
    2ns00af.jpg

  • Jul 16, 2010 2:00 AM GMT
    catfish5 saidThe Recovery Act, health reform, and now Wall Street reform. In a year and a half, this administration has made bigger, bolder progress than any president in decades!


    Bigger yes. Bold progress? If that's what you want to call it.

  • Posted by a hidden member.
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    Jul 16, 2010 2:13 AM GMT
    Actually, what passed is heavily rigged to protect those who own banks. Thank God. Now we, i.e. me, can not be haranged for not issuing "liar loans."

    Woo Hoo!!
  • calibro

    Posts: 8888

    Jul 16, 2010 2:45 AM GMT
    actually, the reform bill is essentially a joke and i don't think obama did much in office after his first week in office
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    Jul 16, 2010 2:50 AM GMT
    Webster666 said
    catfish5 saidDon't assume. You just make an even BIGGER ass out of yourself.




    I think I have a new best friend !
    ___________________________________________

    What I find hilarious is that the pompous Republicans thought they had an impenetrable road block when a Republican won Ted Kennedy's Senate seat. So far, he's voted for common sense instead of being in lock step (goose step ?) with the party of, "No."


    Senator Scott Brown, Republican, from Massachusetts
    2ns00af.jpg


    Good Lord.. I would vote republican for that handsome man
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    Jul 16, 2010 4:12 AM GMT
    sdgman said
    Webster666 said
    catfish5 saidDon't assume. You just make an even BIGGER ass out of yourself.




    I think I have a new best friend !
    ___________________________________________

    What I find hilarious is that the pompous Republicans thought they had an impenetrable road block when a Republican won Ted Kennedy's Senate seat. So far, he's voted for common sense instead of being in lock step (goose step ?) with the party of, "No."


    Senator Scott Brown, Republican, from Massachusetts
    2ns00af.jpg


    Good Lord.. I would vote republican for that handsome man


    I believe that's how he DID get elected. It certainly wasn't on substance. Oh, and Martha Coakley ran the worst campaign in the history of politics. That helped.

    I'd do him if he disavowed the Republican party, as a reward. ;)
  • Posted by a hidden member.
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    Jul 16, 2010 4:17 AM GMT
    calibro saidactually, the reform bill is essentially a joke and i don't think obama did much in office after his first week in office


    I don't' think it's a joke, but it certainly doesn't go far enough or deep enough. We have a fundamentally broken political system, which is making real reform nearly impossible. I think Obama has done a lot, but I also think he may have overreached and should have struck while the iron was hot with financial reform. It should have been in the reverse order: Financial reform then healthcare. No one was ambiguous about financial reform. It was a winning issue until time passed and people got increasingly disenchanted with how long healthcare reform took. Some of that is on Obama, but I would argue that the system itself (particularly the Senate) is so fundamentally broken that we need to reform the filibuster rules and then get the money out of politics before any real progress will be made. The entire left and liberal wing of the country should unite around those two issues and let everything else go until we win.
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    Jul 16, 2010 2:00 PM GMT
    southbeach1500 said[/cite]
    catfish5 saidDo your own research. It's not my job to educate the ignorant.

    Let's be honest.

    You don't know what's in it, and I don't either.[/quote]

    southbeach1500 saidWhat is most disturbing is that nobody who voted for this latest 2000 page law has read all 2000 pages - and the president, who signed it into law, hasn't read it either.

    This is something else that is terribly wrong with our government.



    And just exactly how do you know they didn't read it? In fact, the only person that you can prove who didn't read it is yourself. Which is truly laughable considering the posts that I just quoted contain rants from you about people not reading something and you having not read it yourself. The something wrong is not just with the government, it is wrong with this country: People don't read to make judgments for themselves. And clearly you can't, won't or don't.
  • DCEric

    Posts: 3713

    Jul 16, 2010 2:10 PM GMT
    still waiting for immigration reform, one of us still risks deportation, the other self excile. Latest deadline: September 17th, 2010....

    tick....tock.....tick.....tock
  • Posted by a hidden member.
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    Jul 16, 2010 2:12 PM GMT
    Christian73, I couldn't agree more! Well thought out post,

    I don't' think it's a joke, but it certainly doesn't go far enough or deep enough. We have a fundamentally broken political system, which is making real reform nearly impossible. I think Obama has done a lot, but I also think he may have overreached and should have struck while the iron was hot with financial reform. It should have been in the reverse order: Financial reform then healthcare. No one was ambiguous about financial reform. It was a winning issue until time passed and people got increasingly disenchanted with how long healthcare reform took. Some of that is on Obama, but I would argue that the system itself (particularly the Senate) is so fundamentally broken that we need to reform the filibuster rules and then get the money out of politics before any real progress will be made. The entire left and liberal wing of the country should unite around those two issues and let everything else go until we win. [/quote]