Posted on 07/16/2010 9:13:02 AM PDT by tobyhill
Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees
Republicans said the bill is a vast federal overreach that will drive financial-sector jobs overseas. Before the final vote was even cast, House Republican leader John Boehner called for its repeal.
At an eye-glazing 390,000 words -- half the size of the King James Bible -- the legislation doesn't offer a quick remedy, however. Rather, it lays down prescriptions for regulators to act. In many cases, the real impact won't be felt for years.
A year in the making and 22 months after the collapse of Lehman Brothers triggered a worldwide panic in credit and other markets, the bill cleared its final hurdle with a 60-39 Senate vote. It now goes to the White House for President Barack Obama's signature, expected as early as Wednesday.
"We're going to be driving jobs and business overseas with this massive piece of legislation," said Sen. Saxby Chambliss, R-Ga. "I'd love for it to be repealed."
(Excerpt) Read more at foxnews.com ...
“”We’re going to be driving jobs and business overseas with this massive piece of legislation,” said Sen. Saxby Chambliss, R-Ga. “I’d love for it to be repealed.”
Just don’t make him DO ANYTHING about it. Chain himself to a stairwell, stand in the hall screaming, organizing a REAL, no-shit demonstration.
Cant think of an serving POS in DC that gives a shit about us or what happens to us...if they did, the ones screwing us would be getting attacked by those who care...and I dont see anyone with their hair on fire. Do YOU?
Dump these chumps.
The Republicans can’t control their own... hopefully the voters will in November.
Here comes the useless GOP to the rescue.
Meanwhile their own RINOs passed the bill.
You can’t make this stuff up!
Like I tell the other neanderthal spoiled little children stamping their feet and having a whine fest about this, would you rather have Martha Coakley in there?
How about Ted Kennedy still in there.
Please, everyone spare the temper tantrum. Kleenex?
How about stopping these horrible bills before they become law? Unless you secretly want them to pass to begin with.
Yes. I would rather have Coakley in there. Not some phony RINO who the Dems use as an example of bipartisanship.
What has Brown done for you? May I ask.
Two bills that mattered. $15 Billion (so-called jobs) bill back in Feb... and the Wall St bill.
Guess what? Both times Brown voted with Dems.
So STFU!
Snowe & Collins again?
Snowe & Collins again?
Snowe & Collins again?
Yup!
These two deceitful broads need to just change parties. Or is it the Pubbie party and the voters there who just don’t get it?
Both of them need to be “Spectered”...
It came down to 4 RINOS which they cant rein in but the majority of them voted no.
Obviously Brown was benedict arnold in disguise. Steele has got to go and clean from there.
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