Posted on 04/01/2010 10:34:08 PM PDT by Nachum
Rather than outlawing “too big to fail” and government bailouts, the financial reform bill unveiled by Banking Committee Chairman Chris Dodd (D-Conn.) doubles-down on these bad policies. It proves yet again the Democrats’ eagerness to exploit a crisis to assert control over the private sector.
If the Democrats were serious about financial reform, they would curb the power of the Federal Reserve, end “too big to fail” and start winding down Fannie Mae and Freddie Mac. It does none of these.
This bill, endorsed by President Barack Obama, is Sarbanes-Oxley on steroids.
(Excerpt) Read more at politico.com ...
The man has a way with words
Wow..Demint spelled it out in terms that anyone can understand. We are headed for a financial cliff of historic depths.
God Save Our Country!
Demint often says things that I support.
A bit off topic... What is it with Politico? Most of the stuff I’ve seen posted from there is liberal stuff, but occasionally they get off of that and post something reflecting conservative views.
Is Politico a liberal left site or what? I’ve never gone to their site because of what I consider to be leftist bias in items of theirs posted here on FR.
Not sure what Politico is. They post a great deal of information that is not at all kind to this administration. I find myself going there to post to nachumlist.com on a regular basis.
At any rate, no publication is 100% anything. I have seen good information come out of all of our nation's papers at one time or another.
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