The 'Dodd-Frank Wall Street Reform and Consumer Protection Act' does nothing to address the root cause of our current financial disaster.
The 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.
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. Now that's change that we can believe in -- NOT! How many more will leave for foreign soil? This DC dog and pony show is getting boring. 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.
The sole thing that the stimulus succeeded in doing was to remove three-quarters of a trillion dollars from the working economy, where it could have been used for capitalization, hiring and to pay down debts.
The clueless leading the blind, surely both will fall in the ditch together....