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Historic financial overhaul signed to law by Obama
AP/Yahoo News ^ | July 21, 2010 | JIM KUHNHENN

Posted on 07/21/2010 2:30:35 PM PDT by jackspyder

WASHINGTON – Reveling over a new milestone in his presidency, a triumphant Barack Obama on Wednesday signed into law the most sweeping overhaul of lending and high-finance rules since the Great Depression, adding safeguards for millions of consumers and aiming to restrain Wall Street excesses that could set off a new recession ...

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: finance; law; obama
good grief!
1 posted on 07/21/2010 2:30:41 PM PDT by jackspyder
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To: jackspyder

Is this a press release or a report? Oh, my!


2 posted on 07/21/2010 2:33:23 PM PDT by nhwingut (Palin/Bachmann '12)
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To: jackspyder

No bias here. Move along.


3 posted on 07/21/2010 2:34:28 PM PDT by NurdlyPeon (Sarah Palin: America's last, best hope for survival.)
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To: jackspyder

We will be finding out just how much this helps us in the next few months. What we have heard so far doesn’t inspire confidence.


4 posted on 07/21/2010 2:40:48 PM PDT by Leftism is Mentally Deranged (liberalism: severe deterioration of the thinking apparattus)
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To: Leftism is Mentally Deranged

No need to wait.

We’re screwed.


5 posted on 07/21/2010 2:42:30 PM PDT by benewton
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To: jackspyder
JIM KUHNHENN - a propagandist fool for Obamaism.

Dollars to donuts he has not seen the bill, let alone read it. Most of the legislators who voted FOR it did not have a final copy and could not have read the bill.

America will repeal the bill. It is that bad.

This Congress must be ejected from Washington and exiled to progressive countries in Eastern Europe while we clean up their mess.

6 posted on 07/21/2010 2:43:42 PM PDT by Rapscallion (Obama - The anti-American dictator disguised as a President. Repeal Obamaism.)
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To: jackspyder

So who’s running the pool? Perhaps of the first company that goes down because of the rules. Perhaps also the first industry that shows an X percent decline because of the rules.


7 posted on 07/21/2010 2:44:34 PM PDT by jimfree (In 2012 Sarah Palin will continue to have more relevant quality executive experience than B. Obama.)
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To: jackspyder

The Man makes morons look promising.


8 posted on 07/21/2010 2:46:31 PM PDT by FourPeas (God Save America)
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To: jackspyder
In a liberals mind, the only cure to any problem is more government.

Even as these systems and schemes fail, all they do is scream and state that if we only take it to an ever greater scale, that eventually it will work.

A story told to me by a Yugoslav many years ago who was successful and working out of Italy (This is his analysis of socialism): “A state worker buys widgets at $2 a piece and buys a truck to move them to town where he sells them at $1 a piece. At the end of the month he realizes he's short money. He of course comes up with the most logical conclusion, we need two trucks!”

The ONLY answer we hear from Washington, from the administration, from a liberal media is “more government” to any problem. All their talk about private enterprise, eutrapeneurship, etc is lip service. Every single action, has been about more rules, new agencies, more government side spending......etc.

9 posted on 07/21/2010 2:50:06 PM PDT by Red6 (IMHO)
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To: jackspyder

It is getting to the point that to save the nation and instantly undue all the legislation that Barack and the Commucrats have burdened us with, we will have to use the courts to declare that he was never eligible.


10 posted on 07/21/2010 2:54:25 PM PDT by FreeAtlanta (Hey, Barack "Hubris" Obama, $10 is all it would take, why spend millions to cover it up?)
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To: nhwingut
"Is this a press release or a report? Oh, my!"

My sentiments exactly. If Bush had signed some financial regulation bill, the AP lead would say something like, "Republicans pushed through controversial financial reform legislation on a mostly party-line vote, but critics say the legislation is unlikely to prevent the kinds of abuses that caused the recent financial crisis."
11 posted on 07/21/2010 2:54:34 PM PDT by Steve_Seattle ("Above all, shake your bum at Burton.")
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To: jackspyder
"He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance."

- some old document
12 posted on 07/21/2010 2:54:43 PM PDT by SpaceBar
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To: FreeAtlanta

sorry, undo not undue


13 posted on 07/21/2010 2:54:54 PM PDT by FreeAtlanta (Hey, Barack "Hubris" Obama, $10 is all it would take, why spend millions to cover it up?)
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To: FreeAtlanta

I think you’re right. Everything he has done is invalid since he did not meet the qualifications for POTUS.


14 posted on 07/21/2010 2:56:07 PM PDT by jackspyder
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To: jackspyder

They do not play by our rules.... we need to press our new leadership from November on to prosecute these criminals to the fullest extent of the law. Here we sit once again with our mouths wide open in disbelief as they run another nail in America’s coffin.


15 posted on 07/21/2010 3:12:19 PM PDT by ronnie raygun (I'D RATHER BE TRIED BY 12 THAN CARRIED BY 6)
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To: jackspyder; All
Remember: the fascists will never stop. Never. Regulations will be added to these regulations.

The strangulation of freedom doesn't end.

Image and video hosting by TinyPic

16 posted on 07/21/2010 3:57:38 PM PDT by Recovering_Democrat
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To: Steve_Seattle

You could get a job writing for 98% of every media outlet—network OR local news.


17 posted on 07/21/2010 3:58:56 PM PDT by Recovering_Democrat
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To: SpaceBar
..."He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance."

- some old document

This bill was used to get unions more control of companies, and to get minorities and women more jobs where they can never be fired. Publicly traded companies will need to allow the unions and enviro groups to seat their members on the boards of said corporations. Also an enlarged staff at SEC, CFTC and the Fed stuffed with faithful and deserving Democrats selected by Chicago style patronage. I can't wait for the minions of Sheila Jackson Lee to be seated on the Board of _______ [you fill in the blank]. God help us.

The bill will punish businesses that are not unionized. That's the purpose of this bill. Now that's change that we can believe in -- NOT!

This DC dog and pony show is getting boring. The Obama administration has done nothing to investigate and prosecute those who were engaged in illegal activities during the bubble years. This picture of Frank and Dodd congratulating everyone on the 'reform' is f'in unbelievable! The two biggest culprits in the original damage to the economy. Why are these men not in jail?

Welcome to Marx-o-nomics.

We're in deep, deep economic trouble. And these liberals are going to friggin' sing and dance along, all the way, as they dance off a cliff.

WAKE UP AMERICA


SPEND, SPEND AND SPEND

18 posted on 07/21/2010 4:27:29 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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