Can any of you believe this crapola?!?! Wow! I'm stunned by this news. This should be Washington's #1 PRIORITY! So basically our government is ENABLING business as usual and continue to support the financial shenanegans that took us all to the edge of the financial abyss. There is absolutely NOTHING stopping those who created the financial tsunami from doing it ALL OVER AGAIN. NOTHING. Mr. President, your WORDS are nothing more than EMPTY THREATS. You have already rewarded all of them with supreme bailouts. Like a child who receives absolutely NO PUNISHMENT for bad behavior, they are going to do it all over again. So as to test your authority. Who here is really in control? That's what I want to know! That's a reasonable question don't you think? They are grinning ear to ear and waving their middle fingers at all of us. My gosh I don't know whether to laugh hysterically or cry tears of laughter from this sheer insanity. The cruel joke is on all of us!
*****************************************************************
CNBC
Financial Reform Bill May Hit House Floor by November
written by Reuters with CNBC.com
Thursday, 17 Sep 2009 4:57 PM ET
Despite earlier predictions that financial reform was unlikely this year, a key Democrat is moving ahead with plans to bring a bill to the House floor by November.
Barney Frank, chairman of the House Financial Services Committee, hopes to move a single, consolidated bill on financial regulation reform to the House floor for a vote in early November, a Democratic committee aide said.
Frank plans to handle the financial reform agenda in coming weeks in closely spaced committee hearings and drafting sessions involving a half-dozen or so separate pieces of legislation, the aide said.
The first sessions will involve Obama administration proposals to form a Consumer Financial Protection Agency and to regulate over-the-counter derivatives. Then the committee wants to consolidate those into one bill to be brought to the floor for a vote, the aide said.
Earlier Thursday, the chairman of the House Agriculture Committee said that Congress had lost its momentum for financial reform and may not pass a bill before next spring, if at all. But he later said that Frank was moving ahead with the legislation.
"People are getting frustrated," said Peterson, in describing sentiment among House members.
A year after the collapse of Lehman Brothers, President Obama went to Wall Street on Monday to urge support for his administration's push for an overhaul of financial regulation.
In an interview with CNBC later that day, Obama stressed that oversight is important to the financial system, despite the returned sense of normalcy that has surfaced lately.
"If Washington does not provide the kind of regulatory oversight that's needed to make sure that we've got transparency, accountablity, clear rules of the road," he said, "then ironically what you may end up with is the government being even more meddlesome in the markets than it otherwise would have been."
Financial Reform Bill May Hit House Floor by November
written by Reuters with CNBC.com
Thursday, 17 Sep 2009 4:57 PM ET
Despite earlier predictions that financial reform was unlikely this year, a key Democrat is moving ahead with plans to bring a bill to the House floor by November.
Barney Frank, chairman of the House Financial Services Committee, hopes to move a single, consolidated bill on financial regulation reform to the House floor for a vote in early November, a Democratic committee aide said.
Frank plans to handle the financial reform agenda in coming weeks in closely spaced committee hearings and drafting sessions involving a half-dozen or so separate pieces of legislation, the aide said.
The first sessions will involve Obama administration proposals to form a Consumer Financial Protection Agency and to regulate over-the-counter derivatives. Then the committee wants to consolidate those into one bill to be brought to the floor for a vote, the aide said.
Earlier Thursday, the chairman of the House Agriculture Committee said that Congress had lost its momentum for financial reform and may not pass a bill before next spring, if at all. But he later said that Frank was moving ahead with the legislation.
"People are getting frustrated," said Peterson, in describing sentiment among House members.
A year after the collapse of Lehman Brothers, President Obama went to Wall Street on Monday to urge support for his administration's push for an overhaul of financial regulation.
In an interview with CNBC later that day, Obama stressed that oversight is important to the financial system, despite the returned sense of normalcy that has surfaced lately.
"If Washington does not provide the kind of regulatory oversight that's needed to make sure that we've got transparency, accountablity, clear rules of the road," he said, "then ironically what you may end up with is the government being even more meddlesome in the markets than it otherwise would have been."
No comments:
Post a Comment