Another Dem Victory!!!!

[Old Rocks]

We will face all the same financial catastrophes down the road. Socialists/Progressives don't have a clue. We'll pay for their incompetence again in the future.

Let's see. You fellows gave us two failed wars, one of them based on lies. You failed to avenge the murder of 3000 Americans on American soil. We are still in the Great Republican Reccession, without the actions of the present Administration, it would have been the Second Great Republican Depression.

It looks to me like it is you Repuke teabaggers that earned the title for Incompetance. After all, you had eight years to get something right, and you failed abysmally on everything that you did.

 

[Mr. Shaman]

We will face all the same financial catastrophes down the road. Socialists/Progressives don't have a clue. We'll pay for their incompetence again in the future.

Let's see. You fellows gave us two failed wars, one of them based on lies. You failed to avenge the murder of 3000 Americans on American soil. We are still in the Great Republican Reccession, without the actions of the present Administration, it would have been the Second Great Republican Depression.

It looks to me like it is you Repuke teabaggers that earned the title for Incompetence. After all, you had eight years to get something right, and you failed abysmally on everything that you did.

....And, they're STILL paying!!!!!!​

"Consumer sentiment rose in June to its highest since January 2008 while reports of job losses were down sharply from a year ago, a survey showed on Friday.

A gauge of current economic conditions also rose to its highest since January 2008, according to the Thomson Reuters/University of Michigan's Surveys of Consumers.

The final June reading on the overall index on consumer sentiment rose to 76 from 73.6 in May. The figure was above the median forecast of 75.5 among economists polled by Reuters, which was also the reading in early June.

Reports of job losses fell by half since last June, from 65 percent of respondents to 29 percent, the survey showed.

"The June 2010 survey recorded the most favorable news heard by consumers about jobs in five years," Richard Curtin, director of the surveys, said in a statement."

 

[Mr. Shaman]

"Congress, in a pointed response to a historic economic downturn, is expected to pass a massive overhaul of financial regulations that would touch nearly every layer of the nation's economy — from home buyers and merchants to giant investment banks.

Now for the $700 billion question: Will it prevent the next meltdown?

No one doubts its ambitions. The nearly 2,000-page measure, finalized late last week by a House-Senate committee, is a legislative Veg-o-matic. Among other things, it aims to better protect consumers, tighten the reins on financial institutions and stop rewarding executives for taking reckless risks to fatten their quarterly earnings and bonuses.

Many consumer advocates and economists say that, at the very least, it sharply reduces the chances of another crash by forcing financial giants to set aside more capital to cover losses and forming a new agency to crack down on deceptive mortgages and other financial products."

[ame=http://www.youtube.com/watch?v=YWlpBsyWhAY]YouTube - Elizabeth Warren[/ame]​

"Elizabeth Warren, who leads the congressional panel overseeing the government’s rescue of financial firms, should be picked by President Barack Obama to head a new consumer financial agencyhttp://www.businessweek.com/news/2010-06-22/warren-should-head-new-consumer-agency-brown-says.htmlhttp://www.businessweek.com/news/2010-06-22/warren-should-head-new-consumer-agency-brown-says.html, Democratic Senator Sherrod Brown said.

“I would love to see the president appoint Elizabeth Warren,” Brown of Ohio said in an interview today at Bloomberg’s Washington office. “I don’t have any idea if that would happen. I know a lot of people who would not love to see the president appoint Elizabeth Warren.”

Warren, who is on leave from her post as a professor at Harvard Law School, is a best-selling author and expert on bankruptcy and credit. Her panel has criticized actions in 2008 by the U.S. Treasury and Federal Reserve to bail out banks and insurance company American International Group Inc.

Democrats defeated Republican efforts today to scale back the powers of the proposed consumer financial protection bureau, which would be housed at the Fed. The bureau would have the power to write and enforce rules banning abusive practices in credit-card and mortgage lending.

“Whom the president appoints will indicate something about how aggressive this agency will be,” Brown said. “The first appointment is pretty important.”

[ame=http://www.youtube.com/watch?v=hh_IpR3lf_o&feature=related]YouTube - Elizabeth Warren discusses Financial Regulatory Reform on Morning Joe (2/25)[/ame]​

 

[Flopper]

No Republican Congress or Administration would come close to trying to regulate wall street. Money does not attack money.

What are you talking about? Democrat politicians are the richest people around. And they purposely call for policies that will keep the poor and the middle class down so that no one else will ever become rich and challenge their power.

The people in wall street have to provide goods and services to the American people and the people of other nations. If they get rich, it's because everyone benefits from their products and services.

When a politician gets rich, it's because he has screwed the little people.

The number of rich Democrats and Republicans in Congress is pretty close.

The rich ones don't have to take payoffs to be re-elected. The poor ones do.

 

[ForestGirl]

This is a great bill and a second giant feather in obama's hat.

Is this the hat you're referring to:

 

[JimH52]

No Republican Congress or Administration would come close to trying to regulate wall street. Money does not attack money.

What are you talking about? Democrat politicians are the richest people around. And they purposely call for policies that will keep the poor and the middle class down so that no one else will ever become rich and challenge their power.

The people in wall street have to provide goods and services to the American people and the people of other nations. If they get rich, it's because everyone benefits from their products and services.

When a politician gets rich, it's because he has screwed the little people.

Ya, tell that to the 1.5 million people who are losing their unemployment benefits, due to Republican filibuster. Yeah, now they won't be able to buy their monthly stocks on Wall Street.

Reagon's trickle down theory is now trickling down the leg of Mr. and Mrs. Middle Class. How has that worked out? His theory was:

"Give to the Rich and it will eventually get to the poor." W tried that also with his tax cuts for the wealthy. HOW DID THAT WORK OUT FOR YOU?

He only left us with the worse ressession since the Great Depression, which by the way, was also Republican induced.

 

[EriktheRed]

No Republican Congress or Administration would come close to trying to regulate wall street. Money does not attack money.

What are you talking about? Democrat politicians are the richest people around. And they purposely call for policies that will keep the poor and the middle class down so that no one else will ever become rich and challenge their power.

The people in wall street have to provide goods and services to the American people and the people of other nations. If they get rich, it's because everyone benefits from their products and services.

When a politician gets rich, it's because he has screwed the little people.

Ya, tell that to the 1.5 million people who are losing their unemployment benefits, due to Republican filibuster. Yeah, now they won't be able to buy their monthly stocks on Wall Street.

Reagon's trickle down theory is now trickling down the leg of Mr. and Mrs. Middle Class. How has that worked out? His theory was:

"Give to the Rich and it will eventually get to the poor." W tried that also with his tax cuts for the wealthy. HOW DID THAT WORK OUT FOR YOU?

He only left us with the worse ressession since the Great Depression, which by the way, was also Republican induced.

 

[Mr. Shaman]

House Passes Landmark Financial Reform Bill!!!!

​

"The U.S. House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.

Still, the 237 to 192 vote in the House marked a win for Obama and his fellow Democrats, who have made the most sweeping rewrite of Wall $treet rules since the 1930s a top priority in the wake of the 2007-2009 financial crisis.

"It has been a long fight against the defenders of the status quo on Wall Street, but today's vote is a victory for every American who has been affected by the recklessness and irresponsibility that led to the loss of millions of jobs and trillions in wealth," Obama said in a statement.

The bill would impose tighter regulations on financial firms and reduce their profits. It would boost consumer protections, force banks to reduce risky trading and investing activities and set up a new government process for liquidating troubled financial firms.

With congressional elections approaching in November, Democrats have ridden a wave of public disgust at an industry that has awarded itself fat paydays while the rest of the country struggles with high unemployment.

Wall $treet and Republicans have tried to delay the bill or lessen its reach, but the measure has actually gotten tougher during its year-long journey through Congress."

 

[skookerasbil]

Kind of sad when destroying the nation is a Democrat victory.

The economy will only take so many of these "victories".

What bothers me most about his post is that he is more concerned about a victory for Democrats than he is for the American people. I don't care which party does what as long as what they are doing is good for the people of this country. He should be putting country before party, not the other way around. It's that kind of incredible partisanship that is giving us such a crappy government.

Amazing...........fcukking amazing. Its dumb fcukks like this naive asshole who think this is about helping the American people. The Democrat party preys on the dumb naive fcukks
of society to further entrench their power and ability to control more of the private sector............although I will admit it is political brilliance. Its the same concept as that used by marketers on cable channels in the wee hours of the morning.........gorgan growing pills.........knives that last forever..........miracle diets. These marketing know there are plenty of dumb fcukks out there that will buy it. Same with government regulations designed..........OF COURSE..........."to protect the American people.". As if the American people all had the IQ of a handball. Meanwhile, the non-hopelessly duped realize that there were 1,000 regulators combing through the books at Lehman Bros for the faiL.

"putting country before the party".................LMAO.........there is a sucker born every day!!!

 

[Mr. Shaman]

Kind of sad when destroying the nation is a Democrat victory.

The economy will only take so many of these "victories".

What bothers me most about his post is that he is more concerned about a victory for Democrats than he is for the American people. I don't care which party does what as long as what they are doing is good for the people of this country. He should be putting country before party, not the other way around. It's that kind of incredible partisanship that is giving us such a crappy government.

Amazing...........fcukking amazing. Its dumb fcukks like this naive asshole who think this is about helping the American people. The Democrat party preys on the dumb naive fcukks
of society to further entrench their power and ability to control more of the private sector............although I will admit it is political brilliance. Its the same concept as that used by marketers on cable channels in the wee hours of the morning.........gorgan growing pills.........knives that last forever..........miracle diets. These marketing know there are plenty of dumb fcukks out there that will buy it. Same with government regulations designed..........OF COURSE..........."to protect the American people.". As if the American people all had the IQ of a handball. Meanwhile, the non-hopelessly duped realize that there were 1,000 regulators combing through the books at Lehman Bros for the faiL.

"putting country before the party".................LMAO.........there is a sucker born every day!!!

 

[Mr. Shaman]

September 16, 2010​

"The Senate has passed a bill to create a $30 billion government fund to help open lending for credit-starved small businesses, cut their taxes and boost federal loan programs for them.

The 61-38 tally rewards President Barack Obama and his Democratic allies of Capitol Hill with a long-sought victory and sets the stage for a final vote in the House, which is likely to approve it for Obama's signature.

The new fund would help community banks increase lending to small businesses hurt by the recession and the 2008 Wall Street crisis. The bill would also provide about $12 billion in tax breaks over a decade to both large and small businesses and also boost the Small Business Administration's lending programs."

*

*​

"There are many good things in this bill, but I believe it could have been better," said Sen. Charles Grassley, R-Iowa. "Unfortunately, the Democratic leadership has been more interested in scoring political points than actually providing relief to small business."

 

[blastoff]

gee, anyone notice a trend here?

Speaker Nancy Pelosi March 2010
“But we have to pass the bill so that you can find out what is in it, away from the fog of the controversy."

Christopher J. Dodd (D-Conn.), who as chairman of the Senate Banking Committee led the effort in the Senate.

“No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done.”

And, let's not forget that Dim dipwad Rep. from Michigan, John Conyers (whose wife is now in the slammer for accepting a $9k bribe):

During his speech at a National Press Club luncheon, House Judiciary Chairman John Conyers (D-Mich.), questioned the point of lawmakers reading the health care bill.

“I love these members, they get up and say, ‘Read the bill,’” said Conyers.

“What good is reading the bill if it’s a thousand pages and you don’t have two days and two lawyers to find out what it means after you read the bill?”

These arrogant jerkoffs aren't even smart enough to keep such comments amongst themselves rather than going public with them. Is it any wonder Democrat, Independent, Republican, and other Tea Party folks are fed up with such attitudes?

The bills aren't important enough to read before they vote on them and now that they've become law they aren't accomplishments they're willing to campaign on for reelection.

LOL...November 2nd can't get here soon enough.

 

[Mr. Shaman]

"Securities regulators voted unanimously on Friday to propose rules for companies to disclose more information about their short-term borrowings.

The agency is trying to crack down on financial companies that use accounting gimmicks to bolster their balance sheets, particularly at the end of a quarter.

Under the proposal, companies would disclose such things as the average interest rate on their borrowings rather than just a snapshot of their financial positions before the end of a filing period. It also would require companies to report the maximum amount they had outstanding during a reporting period.

"Under these proposals, investors would have better information about a company's financing activities during the course of a reporting period -- not just a period-end snapshot," said SEC Chairman Mary Schapiro. "With this information, investors would be better able to evaluate the company's ongoing liquidity and leverage risks."

Bank of America, Citigroup and American International Group Inc have disclosed that they classified billions of dollars in loans as sales in 2009, which had the effect of masking their risk levels."

"U.S. regulators proposed rules that may make it harder for firms to mask debt after Lehman Brothers Holdings Inc. was accused of misleading investors by temporarily moving assets off its books before collapsing in 2008.

Lehman filed the biggest bankruptcy in history on Sept. 15, 2008, exacerbating a global credit crisis following the collapse of the U.S. mortgage market. Bankruptcy examiner Anton Valukas wrote in a March report that Lehman executives tried to hide the New York-based investment bank’s true financial picture by moving $50 billion of assets off its books and accounting for the transactions as sales, instead of financings."

oooooooooooooooo......Geeeeeee......those evil-regulators are trying to create a SAFE-environment, for inve$tor$!!!! ​

 

[Mr. Shaman]

September 30, 2010​

"Here are your choices: A world with "a level playing field where the best products at the best prices win," or in "the Wild West where companies use deception to pick off every consumer they can get in their sights."

These are the options presented by Elizabeth Warren, recently appointed as head of the new Consumer Financial Protection Bureau, who spoke last night to 400 Wall $treet executives—and by extension, to the nation's leaders and the public. The NY Times got hold of the transcript, and here are some more of Warren's thoughts:

“Where I come from, nobody calls fine print, hidden fees and surprise penalties ‘negotiated contract terms' or ‘innovations,' ” she said, in a jab at the language lenders have used to describe complex contractual terms. “On a polite day, my brothers in Oklahoma call that kind of stuff ‘garbage.' They don't care if it is there because regulators required it, because the companies' lawyers were trying to ward off lawsuits, or because it was a good place to hide another new fee. They simply see a world in which the financial institutions they do business with are not on their side.”

So.....what major-conflicts do the "conservatives" see, here?

What conspiracies are most-obvious....to you??​