‘TRANSPARENCY’ WILL SHIELD SEC: Obama’s Financial Reform Fails to Deliver on Promise

By “it,” we mean the irresponsible act of Congress to ramrod massive legislation through its chambers with far more regard for incestuous political praise than public service, only to find out, after the fact, that assaults on our Constitution and our individual freedoms were buried in the thousands of pages that this same Congress didn’t have time to read.

Bob Beauprez (R) is a former Congressman from Colorado, now political commentator, who can only sum up what he is witnessing in the past 18 months under an Obama, Reid and Pelosi government by saying, “I keep hoping that this is all just an Atlas Shrugged dream and that I'll soon wake up in the America that was.”

Before concerned citizens like Beauprez are even done unwrapping the Halloween bag of razor-blade-surprise candy that is last March’s healthcare reform law, the curtain is coming down on the details hidden inside the recently passed financial reform bill.

Not only is it not pretty, critics are finding it’s not even a model for “transparency” as the President hailed it would be. In fact, it’s quite the contrary in some glaring cases.

Most recently, it has been revealed that the government regulatory Securities and Exchange Commission (SEC) is now exempt from the Freedom of Information Act and, therefore, no longer has to disclose anything it knows to the public. In other words, the SEC can now make its own rules and doesn’t have to cooperate with public investigations into criminal financial dealings of any kind.

This latest Congressional debacle, observes Beauprez, only “underscores the huge problems that arise when these massive pieces of legislation leave so much ‘rule making’ up to the agencies with zero accountability back to Congress.”

“If this is allowed to stand,” he continues, “government will be allowed to operate in a vacuum completely inaccessible and unaccountable to the people. It is a perversion of ‘government deriving its just powers from the consent of the governed.’ It seems that we are being bombarded almost daily with another revelation that the ‘central planners’ are seizing more power, exercising more secrecy and applying more coercion—all at the expense, of course, of individual liberty.”

For a discussion that must happen in order to shine as much light as possible on this unacceptable trend, call Special Guests to schedule an interview with Bob Beauprez. Your audience deserves to hear this.

http://www.foxbusiness.com/markets/2010/07/28/sec-says-new-finreg-law-exempts-public-disclosure/

Bob Beauprez is a former dairy farmer, community banker and member of Congress who has spent his entire life working to leave Colorado a little better than he found it.

He was born and raised on a third generation family farm in Lafayette, Colorado. Bob's grandfather emigrated from Belgium in 1907 and founded a general livestock farm specializing in draft horses. Bob's father took over the farm and developed a nationally renowned Hereford beef cattle breeding herd and transitioned to dairy cattle in the 1950s.

The daily regime of chores, fieldwork and milkings taught Bob a disciplined work ethic that would serve him well throughout his life.

After graduating from the University of Colorado in 1970, he went into partnership with his parents and brother, Mike, in the family farming operation. He managed the dairy herd, eventually marketing their cattle throughout the United States with cattle on every continent except Australia.

During that time, Bob pioneered the use of embryo transplant technology to increase the quality and marketability of the family herd. He also served eight years on the National Holstein Association Board of Directors, including five years as Chairman of the Genetic Advancement Committee. He later also became an industry spokesperson and international judge of Holstein cattle.

The dairy herd was dispersed in 1990 and Bob managed the development of the real estate for his family, eventually becoming part of a 1,500-unit residential golf course community. At the same time, Bob and his wife, Claudia, purchased controlling interest in a small community bank. As President, CEO and Chairman, Bob expanded the bank from one to 13 locations and grew its assets from $4 million to more than $400 million in twelve years.

Bob served as President of the Colorado Independent Bankers Association and was on the Board of the Independent Bankers of America.

While running the bank Bob was politically active as the chairman of the Boulder County Republican Party, and later as Colorado State GOP Chairman. He retired from the bank to run for the new 7th Congressional District in 2002, winning the nation’s closest Congressional election that year by 121 votes. After one term, in 2004, he was reelected by more than 30,000 votes.

While in Congress, Bob served on the Ways and Means, Transportation, Veterans Affairs and Small Business Committees. He was also Vice-Chairman of the Highways and Infrastructure Subcommittee and a member of the Republican Leadership Whip Team.

Since 2007, Bob has published a monthly e-magazine called A Line of Sight (http://www.alineofsight.com/), a public policy and opinion resource on current political issues. Then, in 2009, he authored his first book: A Return to Values: A Conservative Look at His Party. He is also Vice-Chairman of The John Hancock Committee for the States (http://www.hancockcommittee.org/).

Bob married his high school sweetheart, Claudia, in 1970. They have three sons and one daughter, as well as three grandchildren. Bob and Claudia have returned to their agricultural roots recently by purchasing a ranch in the Colorado Mountains near the Wyoming border. They are developing a buffalo-breeding herd in partnership with their son, Jim. Bob continues to stay politically active, guest hosting on various radio talk shows, doing numerous media interviews nationally, and maintains a busy public speaking schedule.

Most recently, it has been revealed that the government regulatory Securities and Exchange Commission (SEC) is now exempt from the Freedom of Information Act and, therefore, no longer has to disclose anything it knows to the public. In other words, the SEC can now make its own rules and doesn’t have to cooperate with public investigations into criminal financial dealings of any kind.

Another powerful agency that can develop and enforce administrative ordinances with the force of law cut loose from check, balance, or oversight. What could go wrong, people? I ask you sincerely and with perfect integrity of heart, what could go wrong!?

Lawlessness has broken out among the policy elites---not a good sign unless you happen to be one of them, which I am not.

All the power grab in the world is a puff of air. It takes fools to comply before it can become meaningful. When we decide not to fund these communists with our taxes then maybe we’ll be taken seriously. The ain’t-it-awful crowd is losing. We need some push back, and more than November will bring.

Arizona should keep on being Arizona, for example, since a judge’s single opinion is just that, an opinion. Law is determined by legislatures, not judges. Will we wait for the trains before we push back?

...The SEC is now exempt from the Freedom of Information Act and, therefore, no longer has to disclose anything it knows to the public.
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Secrecy Is Transparency.

1984. Are We There Yet?

The 'Dodd-Frank Wall Street Reform and Consumer Protection Act' is another step in the direction of more government and union domination of all that we do. Nothing in the Act controls Fannie Mae and Freddie Mac--they remain a multibillion dollar drain on the US Treasury--or the financial disasters their corruption and poor management have created. Banks successfully lobbied for derivative exceptions big enough to drive a truck through. They succeeded.

Derivatives reform is meaningless. Banks will have to set up separately capitalized affiliates to trade derivatives. The correct path would be to repeal the Commodity Futures Modernization Act of 2000, and reinstate leverage ratios. Before Summers, Geithner, Clinton, Gramm, Leach and Bliley rammed through the Commodity Futures Modernization Act of 2000 (the Enron Loophole), most States could have enforced their laws against uncollateralized derivatives.

The reform bill also did nothing to rein in the 'too big to fail' policies of the Fed. There is not a single thing in this bill that would have prevented the last crisis!

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.

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?

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

If we do take over the House, I expect the Republicans to begin the trials to bring those involved in the Fannie Mae and Freddie Mac fiasco to justice. I want a scorched Earth, take no prisoners war on those involved. Instead of the nation watching Dancing with the Stars, they will be watching these treasonous Marxists doing the Frog March on their TV screens.

Your comment about repealing the Commodity Futures Modernization Act of 2000 is spot on. It repealed the 1933 Glass-Steagall Act. Last May there was an amendment sponsored by Senator John McCain and , believe it or not, Senator Maria Cantwell to reinstate Glass-Steagall. This was vigorously opposed by the Obama Regime and the measure was killed. This is another instance of this treasonous Regime hellbent on the total destruction of the United States.

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