When it comes to Wall Street, Obama is all talk. In fact, when it comes to just about anything, Obama is one disapointment after another. Look who's in his cabinet, do you really think he means any of this? Wake up America!
It is really pretty basic. The banks need to be regulated, so they aren't gambling big money. The Republicans want a totally free market. The totally free market almost went over the cliff not too long ago. People are still suffering from the mess. I'm not blind to what happened. Leave the little regulation Congress passed intact and pass some more because the banks are still playing games.
Sorry bozos, but having corporate America regulate themselves when it comes to their polluting our air and water, or the financial-sector from opening a gambling casino with taxpayers' money, is just past ludicrous.
"and what gives you the slightest clue that there is anybody in the government who knows anything about financial markets or regulation?"
They proved that in 1999 with the gramm-leach-bliley act, that removed the 1933 safeguards, and the 2008 financial implosion was the result of more deregulation!
one4gipper: "You tell me what Obama is hiding by sealing all of his college records."
Nothing any different than other presidents like george wmd bush, that sealed all his gubernatorial and presidential records too!
BTW, how much can the first black president of the Harvard Law Review that graduated Harvard Law with a J.D. magna c-u-m laude ("with great honor") have to hide from the republican morons?
I don't remember ever seeing saint ronnie's eureka college transcripts either, for his simple B.A. like caribou barbi did in 5 years and 5 different colleges! Where was your outrage then?
I'm willing to bet you never even saw sanit ronnie's birth certificate either.......but then again, he was a rich, white guy!
First, everyone in the country knew George Bush's mediorcre grades from Yale, because he released them, as has every other president. Second, in terms of what Obama may be hiding, he is hiding the fact that he matriculated as a foreign student. Third, Obama did not graduate Magna *** Laude. In fact he was not selected president of Harvard Law Review based on grades or merit. He was selected to make the first African-Amercian president of Law Review. Forth, he published absolutely nothing while on the Law Review. Not one single article. That would be a matter of record for everyone to read. Fifth, he graduated without honors or distinction from Columbia. While he won't release his records from their either, those who graduated with honors are a matter of public record. Sixth, given his lack of distiinction at Columbia, he should never have gotten into Harvard Law. Yet, somehow he made the cut. How?
Shallow_Rs_Are_CRET-_-Ns: "Didn't that 'Let the Free Market Prevail' Republican, G.W. Bush, do that in 2008 with his 'EMERGENCY Economic Stabilization Act' (a.k.a. 'TARP Law')?"
Yes, danny boy's hero, george wmd bush, and the rest of the delusional republicans were "free market" ideologues, allowing the entire financial sector to regulate themselves with their "free market" casino gambling, courtesy of the 1999 gramm-leach-bliley act that repealed part of the Glass-Steagall Act of 1933, and gave us TOO BIG TO FAIL with risky derivative instruments that imploded our entire financial-sector and economy in 2008, causing the taxpayers to save us from the bush/cheney Great Depression with TARP.
Now these same ignorant "free market" conservative republicans want to stop the implementation of Frank-Dodd, so that we do indeed have a total implosion of the entire U.S. economy and the resulting depression!
I agree & disagree. On the one hand the banks should be regulated, people should not feel that they have keep their money in a mattress. Your money should be safe in a bank. How ever no matter how smart the government regulators are there will always be weasels like JP Morgan who will get around any regulations so just shut down the SEC and let Wall Street be what it is; a con game for the very rich to swindle each other. Make banks go back to being small local entities that hold our money and charge reasonable monthly fees not percentages for electronic access to our money. I use a local credit union I feel that is a good model for the nation. If you want to give your money to hedge funds or what ever they call them next be my guest but I should not on the hook for your loss.
"Although the Dodd-Frank bill was passed in 2010, all of it has not yet been implemented. The bill aims to prevent banks from making risky investments that don't benefit its customers, creates a bureau to protect consumer's transactions, and requires banks to have more cash on hand to help deal with losses."
===== tb91006: "Then how do you explain Obama's Dodd and Frank bill that he touted would fix this problem?" =====
Obviously, your reading comprehension is very faulty, since the story above says it very plainly:
"Although the Dodd-Frank bill was passed in 2010, all of it has not yet been implemented."
"A zillion regulations, unenforced, does no good, and one haphazardly-made regulation heavyhandedly enforced does no good either..."
Yes, intelligent regulation that protect the taxpayers and our economy from the GREEDY banksters and Wall Street bozos is what we need.
All I hear from willard romney and the other republicans spewing their political rhetoric, is "less regulations" without any specifics at all. Reminds me of arrogant posters attacking the President for his "policies" without any specifics at all, or willard romney saying he wants to eliminate deductions and loopholes from the tax code to make-up for the loss of revenue due to his proposed tax cuts -- yet again, NO SPECIFICS!
I guess the fox/rush parrots are very easy to placate, and if someone can just attack "regulations," "policies" and "deductions and loopholes" to the tax code, without any SPECIFICS at all, they're won over by a silver-tongued politician talking out of both sides of his/her mouth at the same exact time!
danny boy: "What need to be regulated is the Government."
Thanks for proving my point danny boy, since you like all the other fox/rush parrots carefully leave out any SPECIFICS, and your only intention is to incite the far-right extremists that hate the government, and always talk about "less government," unless of course it has to do with women's health, gays/lesbians, students, or any minority in America!
You're just too predictable, and when drinking, entirely too pugnacious!
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Leave the little regulation Congress passed intact and pass some more because the banks are still playing games.
We need sane regulation of GREEDY monsters!
They proved that in 1999 with the gramm-leach-bliley act, that removed the 1933 safeguards, and the 2008 financial implosion was the result of more deregulation!
Nothing any different than other presidents like george wmd bush, that sealed all his gubernatorial and presidential records too!
BTW, how much can the first black president of the Harvard Law Review that graduated Harvard Law with a J.D. magna c-u-m laude ("with great honor") have to hide from the republican morons?
I'm willing to bet you never even saw sanit ronnie's birth certificate either.......but then again, he was a rich, white guy!
Did glenn beck or rush limprod tell you that lie?
Harvard Law
Juris Doctorate (J.D.)
Graduated in 1991
Magna C-u-m Laude
http://www.eduinreview.com/blog/2008/09/barack-obamas-education-background/
Yes, danny boy's hero, george wmd bush, and the rest of the delusional republicans were "free market" ideologues, allowing the entire financial sector to regulate themselves with their "free market" casino gambling, courtesy of the 1999 gramm-leach-bliley act that repealed part of the Glass-Steagall Act of 1933, and gave us TOO BIG TO FAIL with risky derivative instruments that imploded our entire financial-sector and economy in 2008, causing the taxpayers to save us from the bush/cheney Great Depression with TARP.
Now these same ignorant "free market" conservative republicans want to stop the implementation of Frank-Dodd, so that we do indeed have a total implosion of the entire U.S. economy and the resulting depression!
If you want to give your money to hedge funds or what ever they call them next be my guest but I should not on the hook for your loss.
=====
tb91006: "Then how do you explain Obama's Dodd and Frank bill that he touted would fix this problem?"
=====
Obviously, your reading comprehension is very faulty, since the story above says it very plainly:
"Although the Dodd-Frank bill was passed in 2010, all of it has not yet been implemented."
GO FISH!
"A zillion regulations, unenforced, does no good, and one haphazardly-made regulation heavyhandedly enforced does no good either..."
Yes, intelligent regulation that protect the taxpayers and our economy from the GREEDY banksters and Wall Street bozos is what we need.
All I hear from willard romney and the other republicans spewing their political rhetoric, is "less regulations" without any specifics at all. Reminds me of arrogant posters attacking the President for his "policies" without any specifics at all, or willard romney saying he wants to eliminate deductions and loopholes from the tax code to make-up for the loss of revenue due to his proposed tax cuts -- yet again, NO SPECIFICS!
I guess the fox/rush parrots are very easy to placate, and if someone can just attack "regulations," "policies" and "deductions and loopholes" to the tax code, without any SPECIFICS at all, they're won over by a silver-tongued politician talking out of both sides of his/her mouth at the same exact time!
Thanks for proving my point danny boy, since you like all the other fox/rush parrots carefully leave out any SPECIFICS, and your only intention is to incite the far-right extremists that hate the government, and always talk about "less government," unless of course it has to do with women's health, gays/lesbians, students, or any minority in America!
You're just too predictable, and when drinking, entirely too pugnacious!