Senate votes to send Wall Street reform forward

[Madeline]

Wall Street reform bill clears key vote - May. 20, 2010

This bill constitutes "reform" only if you believe that the tooth fairy buys old teeth. Which is exactly what this bill lacks.

This is Congressional busywork; it's window dressing to calm down outrage among us poor folks. Real reform would call for dissembling the Mega-Banks and purging the SEC of incompetents.

 

[Gunny]

Wall Street reform bill clears key vote - May. 20, 2010

Excellent. The US government no owns one car manufacturing company, one insurance/banking organization, the Nation's health care industry, and now Wall Street.

I was going to say Nintendo should be next, but upon further review, I realize this lewftwing lunacy administration WANTS you sheep distracted, playing mindless games while it bold-face rapes the Constitution.

 

[Madeline]

Gunny, I feel we've begun to drift apart politically, LOL.

Don't you?

 

[MarcATL]

This has absolutely nothing to do with Obama. Seriously, get your mind out of your failed paradign.

Your only solution to any problem is more regulation. Well regulation doesn't fix problems it just creates bigger ones. Dishonest people aren't going to follow the law any more than they did before. The workers at the SEC aren't going to be watching any less porn then the were before.

What you're going to do is make it more expensive to do business and provide the bigger companeis with more power by eliminating profitability for any of the smaller ones. You're going to ice over the symptom and not address the problem that caused the symptom to begin with.

The last two days the Stock market has been plunging because of the iminent global economic collapse. And you think making it more difficult to do business is a good idea?

Stop acting like people are victims here. They know the risks involved in the market. And if they don't they've learned them now. Giving more power to the Federal Government isn't going to make things better. Educating people on how the market works and encouraging honesty in everyones individual life is the only way to fix this problem.

Do you honestly trust any politician in office to fix this problem? I don't. Why do you blindly follow people who have proven themselves corrupt again and again. I, for one, am sick and tired of it.

You said ONE sensible thing...which is about educating the people to make them go aware. However, that is just ONE way to help. You claim that "making it more difficult/expensive to do business won't help." Pure publum...of the worst kind...partisan ideology.

You don't just let "business" run wild and do what they want. It doesn't work that way. You HAVE to set boundaries to protect people.

All this "more governement" nonsense you people keep shrieking like stuck pigs...why don't you run off to some island somewhere and form your own little community of individuals?

Since you claim that you want to be..."free?"

GTFOH!!!

 

[editec]

The bill, which passed 59-39, imposes more oversight and stronger capital cushions for the largest banks and Wall Street firms, while aiming to stop bailouts, shine a light on complex financial products and strengthen consumer protection

Diesn't sound so bad to me.

If the legislation can accomplish all those things, the market will not only survive, but thrive.

Can't say if this legislation will accomplish all these things, but we can hope.

 

[Claudette]

WTF.com?!?!???

How do you KNOW its going to be bad legislation?

What about Wall-Street is currently good for you and/or the rest of the country?

They brought the country and damn near the entire world to the brink of financial disaster under Herr Bush who ran like a stuck pig from anything near reform.

Have you lost your cotton-pickin' mind son?

Is your hatred for Obama that deep?

This has absolutely nothing to do with Obama. Seriously, get your mind out of your failed paradign.

Your only solution to any problem is more regulation. Well regulation doesn't fix problems it just creates bigger ones. Dishonest people aren't going to follow the law any more than they did before. The workers at the SEC aren't going to be watching any less porn then the were before.

What you're going to do is make it more expensive to do business and provide the bigger companeis with more power by eliminating profitability for any of the smaller ones. You're going to ice over the symptom and not address the problem that caused the symptom to begin with.

The last two days the Stock market has been plunging because of the iminent global economic collapse. And you think making it more difficult to do business is a good idea?

Stop acting like people are victims here. They know the risks involved in the market. And if they don't they've learned them now. Giving more power to the Federal Government isn't going to make things better. Educating people on how the market works and encouraging honesty in everyones individual life is the only way to fix this problem.

Do you honestly trust any politician in office to fix this problem? I don't. Why do you blindly follow people who have proven themselves corrupt again and again. I, for one, am sick and tired of it.

Good Post.

I couldn't agree more.

I think it makes them feel important to have all their meetings and set up new rules and regs. Half of which they never enforce. Porn is more important..

I wouln't trust these Clowns to guard the sugar bowl.

Jeeze.

 

[Full-Auto]

I'll give the dems kudos on Wall Street reform. It has to be better than what we have now. The alternative was to just re-instate Glass-Steagall.

Anyway, I'd like to see the Wall-Streeters starting companies and creating jobs instead of gambling on derivatives and selling-short sucking up peoples' retirement investments.

Kudos> Really?

congress refuses to outlaw insider trading for lawmakers: Tech Ticker, Yahoo! Finance

Then add that they now have legal access to every single transaction you make.

That they let the biggest perps of the crash stay in business with no added restrictions. Fredie fannie and AIG.

This is just peachy. The link shows just what low life crooks democrats are.