These dishonest 'financier' nation-wreckers must be made to serve very long prison terms with HARD LABOR, and forfeit the assets, monies, properties, etc, that these parasites swindled from their subject victims. Also, they should be kept under constant surveillance to find out their offshore accounts and other hidden assets, which they should not be permitted to enjoy.
If the law fails to bring justice to these scheming parasites, then their victims will!
Too many of our lawmakers are also dishonest and in bed with those financiers who make the money flow to keep their high life going for them, hence they protect their 'financier' friends by "immunizing legislation" thereby preventing their being prosecuted for ruining so many lives!
This party must end or these collaborating politician/lawmakers will be responsible for the further, more serious demise of our economy and our country!
Once again, another piece of legislation that does nothing to REALLY help the public!
Erecting another 'consumer protection' agency that has no real authority or clout to control abuse, only wastes more time, money, allows abusers more leeway to abuse because there's another agency that must investigate, etc., is NOT helping the public!
Laws are already in place, regulatory agencies are in place, it's the LACK OF WILL to use them that's the problem!
No, this bill wasn't really needed, and more importantly, it won't change a thing! Until existing authority 'gets off it's duff' and controls abuse, it will continue!
Remember that they took the side of Wall Street fat cats instead of working with the Democrats to insure that we don't have to bail out fat cat bankers ever again.
Wall Street Reform: Associated Press on 07/16/10: "We're going to be driving jobs and business overseas with this massive piece of legislation," said Sen. Saxby Chambliss, R-Ga. And Sen. Richard Shelby, R-ala., who worked with Dodd on certain aspects of the bill, denounced it as a "legislative monster" and took special aim at the bill's creation of a new consumer financial protection bureau. "While a consumer protection agency may sound like a good idea," Shelby said, "the way it is constructed in this bill will slow economic growth and kill jobs by imposing massive new regulatory burdens on businesses."
Birmingham News on 07/16/10: On Thursday, Shelby ramped up his criticism of the final bill. "This bill serves only to expand the federal bureaucracy and government control of private sector activities," Shelby said. "It will impose large costs on American taxpayers and businesses without creating one new private sector job. It will lower the availability of credit, raise its cost, and hinder economic growth."
As for Senator Dodd, who takes credit for this bill: 2009: Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2009 list of Washington?s ?Ten Most Wanted Corrupt Politicians.? The list, in alphabetical order, includes: 1. Senator Christopher Dodd (D-CT): This marks two years in a row for Senator Dodd, who made the 2008 ?Ten Most Corrupt? list for his corrupt relationship with Fannie Mae and Freddie Mac and for accepting preferential treatment and loan terms from Countrywide Financial, a scandal which still dogs him. In 2009, the scandals kept coming for the Connecticut Democrat. In 2009, Judicial Watch filed a Senate ethics complaint against Dodd for undervaluing a property he owns in Ireland on his Senate Financial Disclosure forms. Judicial Watch's complaint forced Dodd to amend the forms. However, press reports suggest the property to this day remains undervalued. Judicial Watch also alleges in the complaint that Dodd obtained a sweetheart deal for the property in exchange for his assistance in obtaining a presidential pardon (during the Clinton administration) and other favors for a long-time friend and business associate. The false financial disclosure forms were part of the cover-up. Dodd remains the head the Senate Banking Committee. New York Times 01/17/10: Connecticut Sen. Christopher J. Dodd (D) has announced that he won't run for reelection in 2010. Struggling poll numbers in his home state pointed to a difficult path to a sixth term in the U.S. Senate for Dodd, currently the chairman of the Senate Banking committee.
My comments: Democrats hope to replace Dodd with Attorney General Richard Blumenthal, who has been found lying about serving in Viet Nam. Connecticut voters could do better, and the American public could do better than to allow corrupt politicians in Washington (who are fiscally incapable of balancing the nations checkbook) restructure Wall Street.
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These dishonest 'financier' nation-wreckers must be made to serve very long prison terms with HARD LABOR, and forfeit the assets, monies, properties, etc, that these parasites swindled from their subject victims.
Also, they should be kept under constant surveillance to find out their offshore accounts and other hidden assets, which they should not be permitted to enjoy.
If the law fails to bring justice to these scheming parasites, then their victims will!
Too many of our lawmakers are also dishonest and in bed with those financiers who make the money flow to keep their high life going for them, hence they protect their 'financier' friends by "immunizing legislation" thereby preventing their being prosecuted for ruining so many lives!
This party must end or these collaborating politician/lawmakers will be responsible for the further, more serious demise of our economy and our country!
Erecting another 'consumer protection' agency that has no real authority or clout to control abuse, only wastes more time, money, allows abusers more leeway to abuse because there's another agency that must investigate, etc., is NOT helping the public!
Laws are already in place, regulatory agencies are in place, it's the LACK OF WILL to use them that's the problem!
No, this bill wasn't really needed, and more importantly, it won't change a thing! Until existing authority 'gets off it's duff' and controls abuse, it will continue!
Yeah. Right. Look it up on Snopes
Ok, I looked. Nothing other than some old article. This was supposedly current.
Most Americans want off this free-market-at-all-cost train that is going over the cliff.
Remember that they took the side of Wall Street fat cats instead of working with the Democrats to insure that we don't have to bail out fat cat bankers ever again.
Associated Press on 07/16/10:
"We're going to be driving jobs and business overseas with this massive piece of legislation," said Sen. Saxby Chambliss, R-Ga.
And Sen. Richard Shelby, R-ala., who worked with Dodd on certain aspects of the bill, denounced it as a "legislative monster" and took special aim at the bill's creation of a new consumer financial protection bureau.
"While a consumer protection agency may sound like a good idea," Shelby said, "the way it is constructed in this bill will slow economic growth and kill jobs by imposing massive new regulatory burdens on businesses."
Birmingham News on 07/16/10:
On Thursday, Shelby ramped up his criticism of the final bill.
"This bill serves only to expand the federal bureaucracy and government control of private sector activities," Shelby said. "It will impose large costs on American taxpayers and businesses without creating one new private sector job. It will lower the availability of credit, raise its cost, and hinder economic growth."
As for Senator Dodd, who takes credit for this bill:
2009: Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2009 list of Washington?s ?Ten Most Wanted Corrupt Politicians.? The list, in alphabetical order, includes:
1. Senator Christopher Dodd (D-CT): This marks two years in a row for Senator Dodd, who made the 2008 ?Ten Most Corrupt? list for his corrupt relationship with Fannie Mae and Freddie Mac and for accepting preferential treatment and loan terms from Countrywide Financial, a scandal which still dogs him. In 2009, the scandals kept coming for the Connecticut Democrat. In 2009, Judicial Watch filed a Senate ethics complaint against Dodd for undervaluing a property he owns in Ireland on his Senate Financial Disclosure forms. Judicial Watch's complaint forced Dodd to amend the forms. However, press reports suggest the property to this day remains undervalued. Judicial Watch also alleges in the complaint that Dodd obtained a sweetheart deal for the property in exchange for his assistance in obtaining a presidential pardon (during the Clinton administration) and other favors for a long-time friend and business associate. The false financial disclosure forms were part of the cover-up. Dodd remains the head the Senate Banking Committee.
New York Times 01/17/10:
Connecticut Sen. Christopher J. Dodd (D) has announced that he won't run for reelection in 2010. Struggling poll numbers in his home state pointed to a difficult path to a sixth term in the U.S. Senate for Dodd, currently the chairman of the Senate Banking committee.
My comments:
Democrats hope to replace Dodd with Attorney General Richard Blumenthal, who has been found lying about serving in Viet Nam. Connecticut voters could do better, and the American public could do better than to allow corrupt politicians in Washington (who are fiscally incapable of balancing the nations checkbook) restructure Wall Street.
Getting BACK to the pre-deregulation days when deep, long recessions didn't happen makes sense to most people.
Most want off the conservative free-market-at-all-cost train that keeps going over the cliff. Then there are people like you.