Hurry Up! No Limits on Gov't

Annie

Diamond Member
Nov 22, 2003
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Seems the mantra is working...

washingtonpost.com

Obama Blueprint Deepens Federal Role in Markets
Overhaul of Financial Regulation Focuses on Consumer Protection, Risk
By Binyamin Appelbaum and David Cho
Washington Post Staff Writers
Wednesday, June 17, 2009

The Obama administration last night detailed a series of proposals to involve the government more deeply in private markets, from helping to steer borrowers into affordable mortgage loans to imposing new limits on the largest financial companies, in a sweeping effort to curb the kinds of reckless risk-taking that sparked the economic crisis.

The plan seeks to overhaul the nation's outdated system of financial regulations. Senior officials debated using a bulldozer to clear the way for fundamental reforms, but decided instead to build within the shell of the existing system, offering what amounts to an architect's blueprint for modernizing a creaky old building.

The White House makes its case for this approach in an 85-page white paper that describes the roots of the crisis. Gaps in regulation allowed companies to make loans many borrowers could not afford. Funding came from new kinds of investments that were poorly understood by regulators. Big firms paid employees massive bonuses, while setting aside little money to absorb potential losses.

"While this crisis had many causes, it is clear now that the government could have done more to prevent many of these problems from growing out of control and threatening the stability of our financial system," the white paper says.

The plan is built around five key points, according to a briefing last night by senior administration officials and a copy of the white paper obtained by The Washington Post.

The proposals would greatly increase the power of the Federal Reserve, creating stronger and more consistent oversight of the largest financial firms.

It also asks Congress to authorize the government for the first time to dismantle large firms that fall into trouble, avoiding a chaotic collapse that could disrupt the economy.

Federal oversight would be extended to dark corners of the financial markets, imposing new rules on trading in complex derivatives and securities built from mortgage loans.

The government would create a new agency to protect consumers of mortgages, credit cards and other financial products.

And the administration would increase its coordination with other nations to prevent businesses from migrating to less regulated venues.....

The 'White Paper":

http://media.washingtonpost.com/wp-srv/politics/pdf/nearfinaldraft_061709.pdf
 
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This is going to be a startling revelation to ya but there was an election last fall. Most americans voted for and expect Obama to make changes. Go figure?

You act like you didn't get the memo.
 
This is going to be a startling revelation to ya but there was an election last fall. Most americans voted for and expect Obama to make changes. Go figure?

You act like you didn't get the memo.

DUMB ASS, we have a Constitution. Please be so kind as to point out WHERE in it, the Government has this POWER?
 
This is going to be a startling revelation to ya but there was an election last fall. Most americans voted for and expect Obama to make changes. Go figure?

You act like you didn't get the memo.

DUMB ASS, we have a Constitution. Please be so kind as to point out WHERE in it, the Government has this POWER?

Bush set the president. If you can't substantiate your complaint during that time period then your discent is hollow.

Obama should have all the tools to repair what Bush used to destroy our country.

Oh ya I'm the dumb ass.

Let's compare accomplishments some time...that is if you have any?
 
This is going to be a startling revelation to ya but there was an election last fall. Most americans voted for and expect Obama to make changes. Go figure?

You act like you didn't get the memo.

DUMB ASS, we have a Constitution. Please be so kind as to point out WHERE in it, the Government has this POWER?

Bush set the president. If you can't substantiate your complaint during that time period then your discent is hollow.

Obama should have all the tools to repair what Bush used to destroy our country.

Oh ya I'm the dumb ass.

Let's compare accomplishments some time...that is if you have any?

Ohh Look complaining Bush did something with out any proof and then claiming cause Bush did it it is ok for Obama to do it. Remind us again how Bush was so bad but you have ZERO problem with Obama doing the same thing, HYPOCRITE.
 
Seems the mantra is working...


funny how you didn't worry about government when it was about warrantless wiretapping but get all up in arms when it's about trying to prevent another meltdown.

OK Jillian, The lawyer, substantiate your accusation by presenting a post by Annie as evidence that states she was in favor of warrantless wiretaps.

OR you could be a little more intellectually honest than spewing the left party line pap.
 
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Seems the mantra is working...


funny how you didn't worry about government when it was about warrantless wiretapping but get all up in arms when it's about trying to prevent another meltdown.

Once again Koolaid drinking dumb ass troll, the warrentless wire taps could NOT be and where NOT used against American citizens or in ANY court of law in the United States. But hey remind us how the President firing 8 Fedearl Attorneys he has every right to fire, that had served their 4 year term was illegal and needed to be investigated, while you have ZERO to say about Obama removing an IG because he had the termitity to investigate one of Obama's supporters.
 
Seems the mantra is working...


funny how you didn't worry about government when it was about warrantless wiretapping but get all up in arms when it's about trying to prevent another meltdown.

Actually I did. On the other hand, haven't seen your concern regarding the continuation of those policies, the continuation of rendition, the continuation in Iraq, the escalation without an exit plan in Afghanistan, possible entry into a 3rd front with Pakistan, failure to respond to the destabilization of monetary system, the billions of wasted spending-which your child will be paying for long after we're gone, the rush to get through a health care bill-without any attempt at reform, lack of investigation into obvious political corruption, ....
 
This is going to be a startling revelation to ya but there was an election last fall. Most americans voted for and expect Obama to make changes. Go figure?

You act like you didn't get the memo.

What a fart filled windbag you are.. Guess what? asshole.. We still get to voice our opinions and converse about your new regime! Go! Figure!
 
This is going to be a startling revelation to ya but there was an election last fall. Most americans voted for and expect Obama to make changes. Go figure?

You act like you didn't get the memo.

Most Americans did not vote for Obama. A majority of Democrats didn't even vote for him in the Democratic primary.

The "change" people voted for was allegedly to be for the better, not toward fascism. You act like there's something legitimate about this little charade. Go figure.
 

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