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Congress Sends Obama Sweeping Wall Street Bill
AP via Yahoo ^ | 15 July 2010 | Jim Kuhnhenn

Posted on 07/15/2010 12:12:22 PM PDT by edpc

WASHINGTON – Congress sent legislation to President Barack Obama Thursday that imposes sweeping new regulations on Wall Street and creates new protections for millions of consumers.

The Senate's 60-39 vote came nearly two years after a financial crisis knocked the economy to its knees.

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


TOPICS: Breaking News; Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: business; congress; doddfrank; economy; finreg; frankdodd; obama; politcs; unfunnybandit; wallst
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At a whopping 2,300 pages, the legislation is designed to rein in big banks and protect consumers in hopes of averting a repeat of the 2008 financial crisis. Its ultimate impact, however, will depend on the government regulators assigned to implement it.

Another monster, phone book-sized bill we "needed to pass to see what's in it" and "how it works."

1 posted on 07/15/2010 12:12:24 PM PDT by edpc
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To: edpc

...sweeping Wall Street right out of business.


2 posted on 07/15/2010 12:13:12 PM PDT by snarkbait (<<For Rent>>)
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To: edpc

This bill has DISASTER written all over it.

And the Democrats will own it.


3 posted on 07/15/2010 12:15:04 PM PDT by smokingfrog (freerepublic.com - Now 100% flag free.)
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To: edpc

Stock Markets in free fall after the vote... DOW down almost 100


4 posted on 07/15/2010 12:16:04 PM PDT by The Magical Mischief Tour
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To: edpc

Barack the Kenyan and his comrades just stuck it to the “consumers” (Americans) with this crap. Thanks Barry!


5 posted on 07/15/2010 12:17:18 PM PDT by FlingWingFlyer (Holder needs to resign! Now!)
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To: edpc

6 posted on 07/15/2010 12:18:00 PM PDT by WOBBLY BOB (drain the swamp! ( then napalm it and pave it over ))
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To: edpc

..the banks will pass along every single cent to customers, bye bye free checking,bye bye sign up bonuses,bye bye a bunch of tellers (more unemployment)...just what the witch doctor ordered.


7 posted on 07/15/2010 12:18:54 PM PDT by Doogle (IT'S THAT TIME AGAIN....PLEASE donate, because it's the RIGHT thing to do)
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To: edpc

There are 41 republicans, so 1 voted with the dems, and one abstained. Who were they?


8 posted on 07/15/2010 12:19:18 PM PDT by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: edpc

Two Thousand Three Hundred Pages.
Passed in a matter of days.

More clowerd/piven.


9 posted on 07/15/2010 12:19:26 PM PDT by Texas resident (Outlaw fisherman)
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To: edpc

The headline is completely false. No bill has been sent to 0bama. The Senate merely voted to end debate. I’m not saying it won’t happen. It’s just false to say it has.


10 posted on 07/15/2010 12:21:28 PM PDT by BubbaBasher ("Liberty will not long survive the total extinction of morals" - Sam Adams)
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To: edpc

and creates new protections for millions of consumers.

yeah......riiiiight....................


11 posted on 07/15/2010 12:21:39 PM PDT by Buckeye McFrog
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To: edpc

Now they REALLY own the economy and forthcoming problems.


12 posted on 07/15/2010 12:22:21 PM PDT by monkeybrau
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To: edpc
I will be so happy to see this pack of Democrats with their mad mega-bills voted out.

But I doubt we will ever be fix even a small portion of the craziness that they have managed to pass since January 2009. The massive damage that the Democrats have done to this country in just those 18 months is likely immeasurable and immitigable.

13 posted on 07/15/2010 12:22:27 PM PDT by snowsislander
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To: edpc

We are getting Communism via regulation. It’s two steps forward, and another step forward. When these creeps are done, China will be a freer place to live.


14 posted on 07/15/2010 12:22:29 PM PDT by pallis
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To: chuck_the_tv_out

There are 41 republicans, so 1 voted with the dems, and one abstained. Who were they?

Does not really matter since it is really the 3 pubbies who voted for cloture that matter (Snowe, Collins, Brown)


15 posted on 07/15/2010 12:22:50 PM PDT by Buckeye McFrog
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To: edpc

So much for the 41st vote. Effin traitor RINOS!!

Rebellion is brewing!!


16 posted on 07/15/2010 12:22:56 PM PDT by Jim Robinson (JUST VOTE THEM OUT! teapartyexpress.org)
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To: edpc
The fact that this is Barney Frank's work makes this extra sickening.

My skin crawls at the thought.

17 posted on 07/15/2010 12:22:56 PM PDT by Siena Dreaming
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To: edpc

I’m sure Goldman Sachs put lots of exemptions for themselves in the bill. They probably wrote it.


18 posted on 07/15/2010 12:23:17 PM PDT by NoKoolAidforMe (1-20-09--The Beginning of an Error..............1-20-13--Change we can look forward to)
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To: edpc

Naturally, Obama will wait five days before signing the bill so that the American people can have a chance to review it.


19 posted on 07/15/2010 12:24:11 PM PDT by Hoodat (.For the weapons of our warfare are mighty in God for pulling down strongholds.)
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To: smokingfrog
This bill has DISASTER DICTATOR written all over it.
20 posted on 07/15/2010 12:25:03 PM PDT by stayathomemom (Beware of cat attacks while typing!)
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