Senate passes Wall Street Reform

Discussion in 'Politics' started by rightwinger, Jul 15, 2010.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Senate passes sweeping Wall Street reform - Business - Stocks & economy - msnbc.com

    WASHINGTON — Congress passed a sweeping overhaul of America's financial regulations Thursday, securing for President Barack Obama his third major, hard-fought legislative victory.

    Obama said he will sign the bill next week.

    "I'm about to sign Wall Street reform into law, to protect consumers and lay the foundation for a stronger and safer financial system, one that is innovative, creative, competitive and far less prone to panic and collapse," the president said at the White House.


    The bill has been Obama's top domestic priority after the passage of health care legislation and his early victory in setting up a nearly $800 billion fund to pump life into an economy hit with the deepest downturn since the Great Depression of the 1930s.
     
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    Last edited: Jul 15, 2010
  2. Oddball
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    Oddball BANNED Supporting Member

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    Another 2,500+ page bill that "we'll need to pass to find out what's in it"...Well, we do know that reforming or privatizing Fannie & Freddie isn't in it.
     
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  3. Richard-H
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    Richard-H Gold Member

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    :clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2:
    :clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2:
    :clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2::clap2:
    :clap2::clap2::clap2::clap2::clap2::clap2:
    :razz:
     
  4. Oscar Wao
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    Oscar Wao Victory is Mine

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    Yay...more legislation from people who probably don't even know high school level economics!
     
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  5. Richard-H
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    Richard-H Gold Member

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    You do realize that Fannie Mae and Freedie Mac were privatized in 1968, and were only placed in Government conservatorship in 2008 after the financial meltdown, don't you?
     
  6. Richard-H
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    Richard-H Gold Member

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    You're kidding, right?

    I mean you don't actually believe what you said, do you?

    Or do you mean that you DO know High School level economics and since the Democrats don't go by what you learned in H.S., you think that they don't even know economics to that level?

    I think that the Dems are a bit beyond you when it comes to economics...and quite a few other things.
     
  7. sparky
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    sparky VIP Member

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  8. Oddball
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    Oddball BANNED Supporting Member

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    They're "private" in name only.
     
  9. Dante
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    Dante On leave Supporting Member

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    The right will say Obama has accomplished nothing and then on another day they will say Obama has signed into law the biggest government efforts in ages.

    Obama accomplishes nothing as he accomplishes very big things. The Right Wing Noise Machine is Schizoid
     
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  10. sparky
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    sparky VIP Member

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    well, lots of these bills have tiered implimentations, or simply aren't relevant until they come full circle Dante'
     

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