Posted on 10/08/2008 1:52:28 PM PDT by jessduntno
Obama calls Delaware's banking laws "pretty loose"
An hour into Tuesday night’s presidential debate, Barack Obama referenced the tax laws in Delaware, calling the laws “pretty loose” and attributing them to why credit card companies locate here.
“That's how in banking it works. Everybody goes to Delaware, because they've got very -- pretty loose laws when it comes to things like credit cards” Obama said. “And in that situation, what happens is, is that the protections you have, the consumer protections that you need, you're not going to have available to you.”
If only Obama knew someone in Delaware who had power to change things, tighten up those laws. Someone in a big leadership role.
Like a Senator.
Nice that he threw "Jumpin Joe-Joe" under the bus with that one...
Can’t believe McCain didn’t jump all over this one...reminding Barry that his VP is the United States Senator from Delaware and has been in his job for 36 years. McCain is not the sharpest tool in the drawer in recognizing openings and pouncing on them.
Yeah, how dare the states be “laboratories of democracy” (Supreme Court Justice Louis Brandeis) where ideas were tried, the bad ones failed, the best ones succeeded and were picked up by other states.
No, this cannot be. All laws must be implemented nationwide by those who “know better” than everyone else.
Does “That One” know how long and hard slo Joe has worked to make it so?
He also said aaand alot. Some one alerted me to this yesterday. Made me nuts last night.
Keep in mind, Obama was saying he will FORCE you to insure your kids through his program, and he will prevent you from shopping for a better deal in another state.
Do people realize how crazy (socialist) it is to say that because a company in one other state might not offer a good plan, you can’t look in all 49 other states?
AND what about the people who live in the hypothetical “bad state”? They’re screwed.
“pretty loose”. I think that’s how Larry Sinclair described his crack whore Obama.
Next question: When will Obama outlaw getting a credit card from a company headquartered in Delaware??
Delaware is the state of incorporation for many companies because it offers a stable business environment, and I guess Obama doesn’t know the courts in Delaware as a result are the most sophisticated in handling corporate legal issues.
It should be plain to everyone Obama was pointing to an “evil” that doesn’t exist.
BIOGRAPHY - STATE BANK COMMISSIONER
Robert A. Glen
Robert A. Glen was appointed by Governor Carper and confirmed by the Delaware State Senate to become the eleventh Delaware State Bank Commissioner in January 1999 and was reappointed by Governor Minner in 2003 and again in 2007. Mr. Glen was the Deputy Bank Commissioner for Supervisory Affairs for the State of Delaware from 1994 through 1998. Previously, he served as a Deputy Attorney General in the Delaware Department of Justice, focusing on State securities regulation and enforcement, and was associated with the law firm of Skadden, Arps, Slate, Meagher & Flom in the Wilmington, Delaware office. Mr. Glen has a J.D. from the University of Pennsylvania Law School, a Master of Science in Accounting from the New York University Graduate School of Business Administration, a B.A. from Williams College and is a graduate of the Stonier Graduate School of Banking.
“Can’t believe McCain didn’t jump all over this one...reminding Barry that his VP is the United States Senator from Delaware and has been in his job for 36 years. McCain is not the sharpest tool in the drawer in recognizing openings and pouncing on them.”
He passed on two many openings to count. Obama threw him slow floating pitches and McCain failed to even take a swing.
CONTACT INFORMATION
Phone: (302) 739-4235
(302) 577-6722
Fax: (302) 739-3609
Licensing/consumer complaints fax: (302) 739-2356
E-mail The Office of the State Bank Commissioner
I think McCain is trying to keep his mind on what he wants to say instead of listening to what Obama said. And that may not be easy for him.
If McCain “got partisan”, he’d be afraid of “offending the moderates”.
Wow, funny Southside Barry would say this considering that Biden is the “senator from MBNA” which also employs Biden’s son? These guys should get their stories straight.
http://www.mindfully.org/Reform/2008/Hunter-Biden-MBNA25aug08.htm
Delaware is a state made prosperous in part by those “loose” banking laws. Maybe he doesn’t think he needs those three votes, but who cares?
I’m not sure, but I think that Delaware was the first state to provide incorporations. And so, for historical reasons, Delaware has been a central player.
My thoughts exactly when Obama tossed Delaware under the bus.
But who is Biden?
The folks in Florida seem to not have heard the name before.
From today’s headline:
“”Hundreds show for Biden economy talk in Tampa”””
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