Congress Sends Obama Sweeping Wall Street Bill

AP via Yahoo ^ | 15 July 2010 | Jim Kuhnhenn

[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.

[edpc]

At a whopping 2,300 pages, the legislation is designed to rein in big banks and protect consumers in hopes of averting a repeat of the 2008 financial crisis. Its ultimate impact, however, will depend on the government regulators assigned to implement it.

Another monster, phone book-sized bill we "needed to pass to see what's in it" and "how it works."

[snarkbait]

...sweeping Wall Street right out of business.

[smokingfrog]

This bill has DISASTER written all over it.

And the Democrats will own it.

[The Magical Mischief Tour]

Stock Markets in free fall after the vote... DOW down almost 100

[FlingWingFlyer]

Barack the Kenyan and his comrades just stuck it to the “consumers” (Americans) with this crap. Thanks Barry!

[WOBBLY BOB]

[Doogle]

..the banks will pass along every single cent to customers, bye bye free checking,bye bye sign up bonuses,bye bye a bunch of tellers (more unemployment)...just what the witch doctor ordered.

[chuck_the_tv_out]

There are 41 republicans, so 1 voted with the dems, and one abstained. Who were they?

[Texas resident]

Two Thousand Three Hundred Pages.
Passed in a matter of days.

More clowerd/piven.

[BubbaBasher]

The headline is completely false. No bill has been sent to 0bama. The Senate merely voted to end debate. I’m not saying it won’t happen. It’s just false to say it has.

[Buckeye McFrog]

and creates new protections for millions of consumers.

yeah......riiiiight....................

[monkeybrau]

Now they REALLY own the economy and forthcoming problems.

[snowsislander]

I will be so happy to see this pack of Democrats with their mad mega-bills voted out.

But I doubt we will ever be fix even a small portion of the craziness that they have managed to pass since January 2009. The massive damage that the Democrats have done to this country in just those 18 months is likely immeasurable and immitigable.

[pallis]

We are getting Communism via regulation. It’s two steps forward, and another step forward. When these creeps are done, China will be a freer place to live.

[Buckeye McFrog]

There are 41 republicans, so 1 voted with the dems, and one abstained. Who were they?

Does not really matter since it is really the 3 pubbies who voted for cloture that matter (Snowe, Collins, Brown)

[Jim Robinson]

So much for the 41st vote. Effin traitor RINOS!!

Rebellion is brewing!!

[Siena Dreaming]

The fact that this is Barney Frank's work makes this extra sickening.

My skin crawls at the thought.

[NoKoolAidforMe]

I’m sure Goldman Sachs put lots of exemptions for themselves in the bill. They probably wrote it.

[Hoodat]

Naturally, Obama will wait five days before signing the bill so that the American people can have a chance to review it.

[stayathomemom]

This bill has DISASTER DICTATOR written all over it.