Total Posts:8|Showing Posts:1-8
Jump to topic:

Obama... Good move?

Rob1Billion
Posts: 1,338
Add as Friend
Challenge to a Debate
Send a Message
7/21/2010 7:51:10 PM
Posted: 6 years ago
At 7/21/2010 6:24:25 PM, comoncents wrote:
http://money.cnn.com...


I think so, but I am sure you guys are up on the entire bill. Let me know.

"Read my lips. This is a big F$*&ing mistake."
Master P is the end result of capitalism.
mattrodstrom
Posts: 12,028
Add as Friend
Challenge to a Debate
Send a Message
7/21/2010 9:07:08 PM
Posted: 6 years ago
I wonder if the bill leaves room to weasel out...

I betcha it does.
"He who does not know how to put his will into things at least puts a meaning into them: that is, he believes there is a will in them already."

Metaphysics:
"The science.. which deals with the fundamental errors of mankind - but as if they were the fundamental truths."
comoncents
Posts: 5,647
Add as Friend
Challenge to a Debate
Send a Message
7/21/2010 9:07:32 PM
Posted: 6 years ago
At 7/21/2010 7:51:10 PM, Rob1Billion wrote:
At 7/21/2010 6:24:25 PM, comoncents wrote:
http://money.cnn.com...


I think so, but I am sure you guys are up on the entire bill. Let me know.

"Read my lips. This is a big F$*&ing mistake."

?
comoncents
Posts: 5,647
Add as Friend
Challenge to a Debate
Send a Message
7/22/2010 6:56:56 PM
Posted: 6 years ago
At 7/22/2010 2:25:41 PM, wjmelements wrote:
Yay. Too bad it's not expanded to other industries.

Yeah. That was one problem that I did see.
PalinFan
Posts: 322
Add as Friend
Challenge to a Debate
Send a Message
7/24/2010 1:20:43 AM
Posted: 6 years ago
Obama fails politics 101, by trying to please everyone he has pleased no one!
Super Man does not come close to the power of Jesus Christ - GodSands
Cody_Franklin
Posts: 9,483
Add as Friend
Challenge to a Debate
Send a Message
7/24/2010 1:48:07 AM
Posted: 6 years ago
"Because of this law, the American people will never again be asked to foot the bill for Wall Street's mistakes," Obama said in a ceremony at the Ronald Reagan Building in Washington. "There will be no more taxpayer-funded bailouts. Period."

Without considering the context, one could be fooled into thinking that this bill was a good thing. However, reading into it a bit deeper reveals precisely why such bailouts will no longer occur.

the law immediately gives regulators stronger powers to break up financial companies that have grown too big.

Regulators. Power to bust businesses. Not good.

Among its many provisions, the law also... creates a new consumer protection agency that will set rules to curb unfair practices in consumer loans and credit cards.

This equates more protection for people too dumb to understand the kind of liability they're taking on, and the kind of debt that they're getting into. Like the FDIC and "guaranteed" loan programs, this is simply another miserable attempt to shield those who would otherwise have no business opening another credit card or taking out a loan. I don't understand how the government can expect good results when it insures crap by absorbing almost all of the repercussions of bad financial decisions.