Skip to comments.Sweeping Wall Street Reform Bill Advances
Posted on 05/20/2010 12:21:17 PM PDT by Steelfish
Sweeping Wall Street Reform Bill Advances Legislation is one of President Barack Obama's top domestic priorities WASHINGTON - U.S. Senate Democrats nabbed the 60 votes needed on Thursday to advance the biggest overhaul of financial regulation since the 1930s, paving the way for a final vote on passage within days.
The legislation is one of President Barack Obama's top domestic priorities. The bill calls for new ways to watch for risks in the financial system and makes it easier to liquidate large financial firms that are failing.
It also writes new rules for complex securities blamed for helping precipitate the 2008 economic crisis. And it creates a new consumer protection agency.
The Senate voted 60-40 to end debate on the bill as U.S. stocks fell sharply. Barney Frank, the Democratic head of a key House committee, told CNBC television news it is important to get financial reform approved quickly to ease market uncertainty. He said he expected Obama could sign a bill into law well before July 4.
(Excerpt) Read more at msnbc.msn.com ...
No he is not still 41 to H/C. My mistake. I could have sworn he was for smaller govt, lower deficit and spending. I guess it only matters when you are running for office then you can abandon all that. Where are all those people who wanted him to be president, now? Sheesh what a dud he has turned out to be for our side.
I’ve said it before, I will say it again...give Maine and Massachusettes back to the king...we don’t need them and their liberal a holes here.
Ask yourself just WHAT problem(s) is Obama trying to fix, hmmm?
Do you trust the man? I sure don't. He's already ruined healthcare & the country with closed door deals. I guess you'll feeeeeeeeeeeel happy when he does it this time, too?
Maine used to be part of Mass-hole.
Apparently we just doubled-up the stupidity by having them be 2 different states.
Two years of words — some of them very good words — have slowed and turned Hussein not one bit. Question: do Secret Service personnel pledge to protect the president, or to “preserve, protect, and defend” the US Constitution? Hussein is clearly at war against the Constitution as well as the American people, so where does their duty lie?
In his 1970 book Between Two Ages: Americas Role in the Technetronic Era, Zbigniew Brzezinski wrote the following.
The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities.
Brzezinski is an Obama advisor, anti-Israel and globalist.
Add electronic medical record from Obamacare to this.
After Brown YES vote on cloture to seal the deal, the Dow dropped another 150 points for the day. Thanks for everything Mr. Brown. Obama is waiting for you to make it to your weekly appointment to play a game of hoops.
While serving as Treasury Secretary he was an outspoken opponent of Federal regulation of over-the-counter credit derivatives.
That pretty much finished off the downturn. It was hovering around -200 until this crap passed.
Politics makes for strange bedfellows. Bank of America (who I trust less than anyone else in financial services, with the exception of Goldman Sachs) has adamantly opposed this reform bill. That's reason enough for me to take an objective view of the whole thing.
Time for Texas to split into 5 states as was guaranteed.
In fact, maybe we should split Az into two states too.
This bill is a big deal and will allow the IRS to have even more power over financial transactions. In fact, it might be a good time to take money out of your savings account, buy a safe and put gold in it.
Brown is a phony rino and will not be re-elected even in liberal MA. He will just not have the base of support from the Tea Party activists.
I live in Maine, and I sure as hell don’t want to be part of gun-grabbing, liberal Canada, thank-you very much.
None of them are.
What a disaster this guy is turning out to be. How long before he flips and caucuses with the Dems?
Well, it ended the uncertainty all right - we ARE going down the sh!tter.
We need hunters.
Brown, I knew it. Collins, Snowe and Brown are the bane of our existence.