Republicans vs. Oversight???

Mr. Shaman

Senior Member
May 4, 2010
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Exactly, what kind of oversight do Republicans prefer????

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March 14, 2011

"Congressional Republicans on Wednesday will stage their first outright challenge to 2010's Dodd-Frank financial regulation reforms with a fistful of bills favoring private equity firms, derivatives end-users and corporate CEOs.

After months of trying to defund and defang Dodd-Frank at the administrative level, Republicans are finally unveiling draft legislation that would repeal or amend parts of the laws approved after the severe 2007-2009 financial crisis.

One of the bills to be introduced would exempt private equity firms from registering with the U.S. Securities and Exchange Commission, as required under Dodd-Frank.

One of the Republican bills would amend Dodd-Frank in a way that would shield end-users of OTC derivatives from new central clearing requirements and the costs involved.

Another Republican bill would repeal a part of Dodd-Frank that requires public corporations to disclose the median pay of all their employees, the total pay of the chief executive officer and a ratio comparing the two numbers.

A fourth bill would repeal a Dodd-Frank provision exposing credit rating agencies, such as Moodys Corp or Standard & Poor's, to legal liability in cases where their ratings were found to be inaccurate.

A final bill, not dealing with Dodd-Frank, would raise to $50 million from $5 million the limit under which small companies may access the public capital markets without having to undergo the full SEC registration process.


So.....what's the issue....that Dodd-Frank deals with too-many of the factors that created the Bush-Era Meltdown?????

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They are trying to WEASEL their way out of following the law so they can continue to SCAM and BILK the tax payers out of their hard earned money.

Another great thread Shaman.
 
The presumption that the arsonists are the best ones to design the next "fire proof" building is laughable, at best....The bill should be thrown out in its entirety.

Another great gay thread, Crayon Boy.
I guess I'm gonna have to take you gay-dudes' word, for that.

:rolleyes:
 

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