So, people... DO YOU THINK Chris Dodd really has ANY INCENTIVE to create real financial reform? I'd say he has a blatent conflict of interest here, based on the TOP CONTRIBUTORS to his campaign...
Go Democrats and Obama: Stop the corruption in our financial systems ! The just Say No Party will again try to resist, afterall they haven't done anything to improve America in nine years. But the rest of the country is moving forward. There is nothing bad about being progressive. These reforms are essential to rebuilding trust in American's to invest their money after having lost so much due to a system that was running wild without reform. Obama is once again showing his leadership , and America will not forget who stood for them, and who turned against them in health reform and financial reform in the next elections. Obama is on the right path.
by IL-Independent April 19, 2010 1:03 PM EDT Go do the research. I mean go look at senator Shelby in 2005 who wanted to reform the banks. But I know it is to hard for you to listen to that but the truth is out there on the internet. Just go look for it Chi. I know you though, you won't because you do not want to learn anything. _________________________________________
Richard Shelby hasn't done much of anything for any kind of financial reform, aside of voting against the Gramm-Leach-Bliley Act. Moreover, your response to the abysmal record the Republicans have on financial reform is to point to the actions of a single republican out of the dozens of congressional republicans who have made lucrative political careers out of road blocking financial reform for decades.
Democrats are talking out of both sides of their mouth. Wall Street contributed $1 MILLION to Obama's campaign, along with contributions to other democrats.
This from the Guy who gave AIG bonuses from the stimulis bill after bailing them out? This from the guy who got sweetheart deals from the mortgage companies and a house paid for in Ireland and claimed he did not know that VIP treatment was special treatment? This from a Guy whose wife worked for AIG?.. Trust Me sucker,my koolaid is better.
"Large financial institutions -- not taxpayers -- would be responsible for providing the $50 billion, which the Federal Deposit Insurance Corp. would use to pay for dismantling giant failing firms."
Um, where do large financial institutions get their money? Oh that's right, from taxpayers.
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http://www.opensecrets.org/politicians/summary.php?type=C&cid=N00000581&newMem=N&cycle=2010
How much do you want to bet that Mr. Dodd will be job hunting on Wall Street after his final term in the Senate comes to a close?
The Republicans are blatently and obviously in the pocket of Wall Street as well, but at least they aren't pretending otherwise (at the moment).
Democrats are "enabling" bankers to make the same risky deals.
The just Say No Party will again try to resist, afterall they haven't done anything to
improve America in nine years.
But the rest of the country is moving forward. There is nothing bad about being progressive.
These reforms are essential to rebuilding trust in American's to invest their money after having lost so much due to a system that was running wild without reform.
Obama is once again showing his leadership , and America will not forget who stood for them, and who turned against them in health reform and financial reform in the next elections.
Obama is on the right path.
Go do the research. I mean go look at senator Shelby in 2005 who wanted to reform the banks. But I know it is to hard for you to listen to that but the truth is out there on the internet. Just go look for it Chi. I know you though, you won't because you do not want to learn anything.
_________________________________________
Richard Shelby hasn't done much of anything for any kind of financial reform, aside of voting against the Gramm-Leach-Bliley Act. Moreover, your response to the abysmal record the Republicans have on financial reform is to point to the actions of a single republican out of the dozens of congressional republicans who have made lucrative political careers out of road blocking financial reform for decades.
Um, where do large financial institutions get their money? Oh that's right, from taxpayers.