[Servant of the Cross]

So much for the Tea Party, or any hope of fixing our problems by voting

Nice headline. Wow, awful quick to slam the Tea Party [movement]. Since this one didn't meet the smell test, I had to research further. First, here's the entity behind all of the controversy: Americans For Financial Reform (SEIU, AFL-CIO, commies)

The only thing this bill changes (actually clarifies) is the definition of a "bad loan". AFFR wants a government examiner to be able to call a loan "bad" even if all of the payments are current.

The bill merely seeks reasonable regulation on banks in order to make the rules clearer on what are "good" loans for a bank to maintain. Banks can lend more which is good for the economy. This in no way hampers bank examiners from banking oversight. That is just the Union false charge.

Denninger and you have been punked.

[Lazamataz]

Good catch. Thanks.

[Aevery_Freeman]

Thank you, Servant of the Cross, for doing your due diligence.

These people were obviously trying to do good for the little guy.

[Madame Dufarge]

In the long ago and far-away, most FReepers would have instinctively dug a little deeper when Think Progress was cited as the authority.

Thanks for your research.