Bull On Wall Street

Investors.com ^ | April 22, 2010 | INVESTORS BUSINESS DAILY Staff

[Kaslin]

Regulation: President Obama went to New York City Thursday to make clear his displeasure with what he called Wall Street's "failure of responsibility." But that's the very thing government is guilty of.

[rovenstinez]

A dog barking at the moon.

[La Enchiladita]

Wall Street needs regulation — but regulation that will work without turning one of our most sophisticated industries into a wholly owned subsidiary of the U.S. government. That's exactly what current reform proposals would do,

So, why are Republican senators reportedly set to cave in?

Sen. Chris Dodd's reform bill, gives the federal government unprecedented control over Wall Street without changing any of the perverse incentives that created our financial mess.

Again, why cave?

[Kaslin]

Who says they are going to cave in? Have you forgotten that we are in the minority? Unless at least 15 of them in the senate and 150 in the House vote with us there is no chance for our side to win

[gogogodzilla]

Do you really need to ask this??? There is a reason why the Republican party didn’t attract many of it’s base out to vote for it in 2008.

[La Enchiladita]

The only Republicans speaking up on this are House Representatives, Joe Wilson and Mike Pence being two who have come to my attention. They are using this issue to point out how this “need” for bailouts came about, the Democrat-sanctioned bad loans. Yes, Republicans are in the minority but there are maneuvers they can use and they can speak up and point out the TRUTH of the mess created by Dems which they are about to make much worse. That is my point. Instead, we are hearing conciliatory noises from Senate Republicans like Bob Corker. Conservatives are not in the mood for warm, fuzzy bipartisan talk from those supposedly on our side.