Comments on: Tougher Bank Rules Coming But No Time Soon

Congress Eyes Stiffer Regulation Though Changes Unlikely Until Next Term

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by usclimey September 16, 2008 5:35 PM EDT
Phil Gramm - remember the name. He''s the architect behind bank deregulation and he could well be McCain''s Treasury Secretary, if America is dumb enough to vote GOPig again. What do you think will happen to "Tougher bank rules" under him?
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by usclimey September 16, 2008 5:32 PM EDT
Could it be that the Democrats would look bad at the poles?

Posted by consciousnes

What do Polish people have to do with it?
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by workingchump September 16, 2008 5:04 PM EDT
Glass Steagall needs a comeback asap.
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by oleander8 September 16, 2008 4:45 PM EDT
''not right now, we are on Vacation - signed, YOUR Democrat lead Congress'' [Posted by TheVicar1]

Until Democrats have a two-thirds majority they can''t override Bush''s veto''s....
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by oleander8 September 16, 2008 4:43 PM EDT
It''s PAST TIME for TERM LIMITS. Maybe then we would actually have elected officials working for all Americans instead of just working to extend their careers. Most politicians probably start out with noble intentions - but become jaded, out-of-touch, and self-serving the longer they stay.
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by sebastian27-2009 September 16, 2008 4:19 PM EDT
Clinton added his touch to this mess when he pushed for a bill to give the commercial banks the right to acquire investment banks, or vice-versa. No, the rules won''t be changed to protect the consumer quickly because the politicians have to wait and see what the banking lobby wants them to do.
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by consciousnes September 16, 2008 4:09 PM EDT
TheVicar1 is right, The speaker shut down congress when a group of congressmen tried to get a vote on the energy bill.
Could it be that the Democrats would look bad at the poles?
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by consciousnes September 16, 2008 4:06 PM EDT
Ok, so where is the $50 billion coming from? The United States is already in debt for many TRILLIONS of dollars. Where is the money coming from, our Social Security fund that isn''t there any more?
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by mays24663 September 16, 2008 3:02 PM EDT
Too little, too late. This is what Regan, Bush 1 and Bush 2 give you. No regulations, no oversite and they expect the tax payer to pick up the tab. We have privatized Profit and Socialized Losses. What ever happened to let the Market sort it out?
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by random_radar September 16, 2008 2:55 PM EDT
Tough new banking rules? Don''t make me laugh, it ain''t gunna happen.

Why?

Because tough rules would expose the fact that almost every bank in America is insolvent.

We have to continue with business as usual to maintain the facade that everything is okay.
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