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 ...
Economically speaking, China is already a freer place to live.
Nothing. Don’t like what’s happening to our country? Simple, bitch about it on an internet forum, lol.
You don’t know who you’re talking to. I was just waiting for you to tell me to e-mail, fax, call....
“The headline is completely false.”
Sounds more accurate. Don’t know if Senate and House bills are the same at this point, or will require conference, but it’s an easy guess that it (they) benefits Democrats and their friends.
The fact that Fannie and Freddie (Barney and Dodd’s friends) are immune to reform is ridiculous as well.
Not thrilled about Scott Brown’s vote, but he is up for reelection in a very blue state and, regardless, his win of that seat after so many years is still a great victory for us. He won’t be there for us on every vote, given where he comes from, but he will be with us much more often than Teddy’s dem replacement would have been. Real world folks, not perfect world.
You’re exactly right. I contributed $100 to Scott Brown’s campaign and I’m from MN. I have called his Needham MA campaign hq office (1-781-444-0200) 3 times in the past week and ranted & raved for 10 minutes about Scott Brown’s betrayal. I am now going to demand my money back. The person on the other end tried to end the conversation, and I said “I’m not finished yet”. I told her that Scott Brown was elected based on TEA Party support and conservatives, and NOT from the so-called independents or moderates. I plan on calling his DC office and his Needham MA office again tomorrow. I asked the person on the phone, just what legislation has Scott Brown voted for as a Repub vs a DemoRAT. She had no answer for that. We have got to keep calling and putting pressure on this RINO bastard. Personally I believe that Scott Brown will be the next Repub to do an Arlen Specter and to flip over to the demoRAT side. I predict this will happen prior to the 2012 election.
What a f’ckin pig 0b0z0 is. Plus he is sh_tty golfer to boot. After seeing the videos of him at the driving range hitting the ball like a wussy, I doubt that he actually even clears the tee box with his drives.
It was.
I keep hoping & praying that Texas & Oklahoma will secede from the USSA, followed by 10-12 other Southern states & Western states. This is the only way that we will force the constitutional crisis & American Revolution II, that we need in order to clean house and send the demoRATs, especially the chief usurper-in-crap to prison or to the gallows.
The damage from this will be long-term, and all future GOP politicians and all future conservative politicians will end up getting the FULL blame for it! How will the GOP and conservatives be able to successfully get around all of the “future damage” from this legislation that will be heading everybody’s way?
one more try...
307,999,999?
LOL! Thank you. Total brain fa*t time.
no problem... i am not perfect, but love a good laugh, and it isn’t at your expense, ‘cause i’ve been there...
FReepers have hugh census of humor...
series...
teeman
LOL. Not a chance. Those of us who are in this game are smart enough to figure out how to play a changing landscape. There are ALWAYS opportunities to make money.
The higher capitalization requirements for banks, for example ... that money won’t be parked in cash, it will be parked in cash equivalents such as commercial paper, short-term bonds and bank products. That provides a host of opportunities for commercial banks to issue new products and earn underwriting fees (it is, for what it’s worth, better for the country because it inherently lowers the leverage ratio financial institutions can use to magnify returns). Not to mention there are asset managers that will make money on the increased money market funds, they will need to hire secretaries and janitors ...
If there is one things we are very, very good at it is generating cash. Give us more credit ;)
Yeah... lots of cash for firms... lots more losses for customers.
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