Posted on 05/14/2010 12:21:39 PM PDT by Andrea19
...Nearly every page of Senator Dodd's 1400 page financial regulation bill aims to increase the scope of government.
Section 1013 ((b)(2)), on page 1213 establishes guidelines for the creation of ACORN-type organizations to recruit risky loan applicants.
Title 10 creates a new agency, the Bureau of Consumer Financial Protection that will "use the data on branches and [individual and personal] deposit accounts...for any purpose." Never before has the federal government actively sought to aggregate data on every single personal and business financial transaction in the U.S. until now.
This new Bureau will use data collected by their agency and the Office of Financial Research established in Title 1, to monitor and track all consumer purchases and share this data with whomever they wish. This bill provides Big Business and Wall Street with the tools to regulate all consumers' purchasing behavior.
Most important, this bill does nothing to address Fannie and Freddie - rather it makes permanent the failed lending policies that caused their collapse in Title 12 of this bill...
(Excerpt) Read more at atr.org ...
Even the ultra-liberal AlterNet gets it:
A “Lost Decade” Ahead for Home Owners — Just So Banks Won’t Take a Bigger Hit on Their Garbage Mortgages
http://www.alternet.org/story/146824/a_%22lost_decade%22_ahead_for_home_owners_—_just_so_banks_won%27t_take_a_bigger_hit_on_the
These are the numbers Rush gave out during the Nazi Care voting.
Capitol Hill switchboard is 202-224-3121, 202 225 3121 toll free 1-877-762-8762
Can I ask them to put a noose around their necks first?
Hannity, Morris Agree with Conspiracy People About New world government
http://www.youtube.com/watch?v=5wH5YqsuZiw&playnext_from=TL&videos=IR0NfDcuyM8
wake up the GOP
http://www.youtube.com/watch?v=dFDBkf4F_hs&playnext_from=TL&videos=JLAZar9nvTI
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