” - - - Thank You, Chris Dodd. Good riddance. Take that Frank guy with you while you are going out the door. - - - “
To Parley Baer: I agree with you. The Dodd-Frank Bill/LAW/bill, (it is still a bill as regulators will be writing it for the next 6 years; in fact, there are children still in high school who could someday write regulations for this Bill/LAW/bill ).
It was the perfect CYA move by those responsible for the bankruptcy in September, 2008 of the FHA/Freddie/Fannie housing/loan disaster. I call it the bursting of the Fannie Bubble.
BTW, “that Frank guy” you mentioned is none other than Robo-Congressman Sub-Prime Barney Frank.
As Reagan said: “ Businesses do not pay taxes, consumers pay all of the taxes.” The same holds true for who ultimately pays the price when businesses are punished by Public Enemy Number One, Yep, The US Federal Government. There is no free lunch, deal with it.
OF COURSE, the consumer’s costs will go up EVERY time our sorry Federal Government tries to “help” us! Remember what Reagan said again: “The eleven most terrifying words in the English language are ‘ We are from THE GOVERNMENT and we are here to help.’ “
Seems like you have bought into Bank-Bashing-Obama’s original CYA of blaming the collapse of the VERY highly Federally regulated Federal Housing Authority, ( it even sounds like a socialistic name), along with the highly corrupt, very poorly regulated, semi-Federal Government Companies of Freddie, and Fanny on the VERY, VERY, highly Federal Government REGULATED major Banks.
The unregulated sources of money, FHA, Freddie and, of course, dear old Fannie have ALL been protected by the smoke-screen CYA Dodd-Frank Bill/LAW/bill.
Here are a couple of REALITY checks for you to consider:
1.) Follow the history of the Sub-Prime Law, and all of the public supporters of the law: IMPEACHED Sick Willy, Sub-Prime Barney, Chrissie-the-Doodle-Dodd, “I-don’t-believe-it Greenish-brain-span, “Deficits-don’t-matter Bush, ex-Sheriff of Nottingham Walk-the-plank-Hank Paulson etc.
2.) Follow the Money.
3.) Follow the CYA hearings, CYA speeches (remember the vitriol when a 90 % personal Federal income tax was passed by the US House to punish employees for earning more than baseball players? ), and, of course, the ultimate living CYA Bill/LAW/bill of Chrissie and Frankie.
Ping me if you choose to do a thread on any of the 3 above. I won’t hold my breath.
Ah, yes! The faceless tabloid, hostile, MSM! What a wonderful pal they are to the Liberal Intelligentsia Elite, better known as the L.I.E. They believe that business-punitive laws will ONLY hurt business, and NOT consumers. Yeah, right!
They actually believe that we DO NOT hear DEBT, DEBT, DEBT whenever Obama makes a pretty speech about jobs, jobs, jobs! We LISTEN to what he DOES, and WATCH what he SAYS. So far, You Lie Obama has been VERY consistent.
But how can the tabloid, hostile, MSM learn reality when they do not talk, or listen to the Joe the Plumbers of America?
To the L.I.E., and their faithful servants in the tabloid, hostile, Main Stream Media, all WORTHWHILE knowledge resides in the “ little gray cells” of Congress, and the-liberal-President-of-the-day, of course.
Yes indeedy! Just pass any old bill you want, ( they don’t even have to read it before they vote to pass it ), get it signed with the scent of roses filling the air, and presto! the problem that could not be solved by the stupid, tax-burdened serfs is solved FOREVER by their Beltway Feudal Lords! Oh joy! Oh rapture!
SOMETIMES the serfs are to stupid to help the new law work out as planned by the feudal lords of the Beltway. Not a problem! Send in the Regulators, (doesn’t it seem just like a movie about Billy the Kid and The Regulators that he belonged to?). That’s right! What unforeseen consequence missed will be regulated, then controlled and finally destroyed. Regulate, Control, Destroy! Wow! Ain’t having Federal Law a great idea! Wow!
BTW, I heard that all this law stuff is getting a little stressful for elected officials. Obama’s Orszag and the NC Governor think that election-suspension will relieve their tension. Could work because it does rhyme - - - .
PING to you to read reply # 61.
Do not collect $200 as that is more than even basketball players are now making.
We must ALL be equal in the shifty eyes of Timmy Gee, our Ivy-League educated Sheriff of Nottingham.