Posted on 06/04/2009 12:31:44 AM PDT by WorkerbeeCitizen
House Republicans are finalizing their plan to overhaul the financial regulatory system, which would direct failing companies into bankruptcy instead of bailouts and would strip the Federal Reserve of its oversight authority on the financial industry, according to people close to the discussions.
These people described the plan as one that “stops rewarding failure,” ensures “taxpayers are never again asked to pick up the tab for bad bets on Wall Street” and restores “market discipline.”
Republican members of the House Financial Services Committee are aiming to complete their proposal with House Republican leadership by Tuesday. House Democrats and the Obama Administration are writing the details of their proposals, perhaps announcing their reform bill in the next couple of weeks, according to Administration officials.
(Excerpt) Read more at foxbusiness.com ...
How about the government not taking over private businesses and firing employees of these private businesses.
Idiots. These guys may be able to devise a plan that is absolutly brilliant, guaranteed to work perfectly within 30 days and cure the common cold as well. But if they can not, or will not go around the MSMwhores and presstitutues to communicate it to the masses. Why bother? They need to communicate in plain English, as a hugh portion of of the masses are, quite frankly, ignorant and / or stupid.
I would like to read it. Maybe at least one side can show some transparency??
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