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[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers

Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented

FOR IMMEDIATE RELEASE
2007-190

Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.




there were rules on who could be a broker.

the Bush team held back those rules for 8 years

first you blame it on the repeal of Glass-Steagall; now you're ranting bout brokers

ur all over the place; making a fool of yourself

the rules where in GS you idiot.

they were also in GLB act.

But BUSH made sure they were never implemented until right before the crash

 

[Truthmatters]

[ame=http://www.youtube.com/watch?v=YsDmPEeurfA]President Bush Addresses Nation on Economic Crisis - YouTube[/ame]


9/24/2008


the rules were implemented just a couple of days later

 

[bedowin62]

LOL the soros lemming here is going to blow a gasket soon!

 

[Truthmatters]

Timing and Temporary Exemption

As adopted, Regulation R provides banks with a transitional exemption until the first day of their first fiscal year commencing after Sept. 30, 2008. This will give banks time to make any necessary changes in their systems and compliance programs and should ensure that banks have time to come into compliance with the Exchange Act provisions relating to the broker definition. This exemptive rule will become effective on the date that the Commission's current order expires, Sept. 28, 2007.

 

[Truthmatters]

that is why he KNEW we would crash.

once the broker rules were in place the fraud would be outed

 

[Sunshine]

The very first words of the constitution after the preamble are "all legislative powers herein granted shall be vested in a congress of the united states." That means the president and supreme court and bureaucrats have NO authority to write laws. But they do it all the time.

http://www.nytimes.com/2014/03/12/u...0140312&nl=todaysheadlines&nlid=65366937&_r=2

MARCH 11, 2014

WASHINGTON — President Obama this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated.

On Thursday, the president will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians and others whom many businesses currently classify as “executive or professional” employees to avoid paying them overtime, according to White House officials briefed on the announcement.

Why does this surprise you? He is nothing but a dictator.

 

[Truthmatters]

FACTS


those are FACTS


you gave nothing

 

[Truthmatters]

The very first words of the constitution after the preamble are "all legislative powers herein granted shall be vested in a congress of the united states." That means the president and supreme court and bureaucrats have NO authority to write laws. But they do it all the time.

http://www.nytimes.com/2014/03/12/u...0140312&nl=todaysheadlines&nlid=65366937&_r=2

MARCH 11, 2014

WASHINGTON — President Obama this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated.

On Thursday, the president will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians and others whom many businesses currently classify as “executive or professional” employees to avoid paying them overtime, according to White House officials briefed on the announcement.

Why does this surprise you? He is nothing but a dictator.

your a liar.

he is our duly elected president

 

[bedowin62]

The very first words of the constitution after the preamble are "all legislative powers herein granted shall be vested in a congress of the united states." That means the president and supreme court and bureaucrats have NO authority to write laws. But they do it all the time.

Why does this surprise you? He is nothing but a dictator.

your a liar.

he is our duly elected president

Hitler was elected too dork

 

[bedowin62]

the North Korean dictator just got re-elected too

saddam was elected

and castro
and chavez

 

[ogibillm]

The very first words of the constitution after the preamble are "all legislative powers herein granted shall be vested in a congress of the united states." That means the president and supreme court and bureaucrats have NO authority to write laws. But they do it all the time.

http://www.nytimes.com/2014/03/12/u...0140312&nl=todaysheadlines&nlid=65366937&_r=2

MARCH 11, 2014

WASHINGTON — President Obama this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated.

On Thursday, the president will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians and others whom many businesses currently classify as “executive or professional” employees to avoid paying them overtime, according to White House officials briefed on the announcement.

Why does this surprise you? He is nothing but a dictator.

do you understand how silly that makes you look? presidents head the executive branch, and part of that branch is the bureaucracy. in so much as they have been granted the ability to make their own rules and regulations the president has the ability to direct those rules and regulations.

claiming that doing so makes the president a dictator shows your ignorance and willingness to be mislead by talking heads and am pundits.

 

[bedowin62]

The very first words of the constitution after the preamble are "all legislative powers herein granted shall be vested in a congress of the united states." That means the president and supreme court and bureaucrats have NO authority to write laws. But they do it all the time.

Why does this surprise you? He is nothing but a dictator.

do you understand how silly that makes you look? presidents head the executive branch, and part of that branch is the bureaucracy. in so much as they have been granted the ability to make their own rules and regulations the president has the ability to direct those rules and regulations.

claiming that doing so makes the president a dictator shows your ignorance and willingness to be mislead by talking heads and am pundits.

no he doesnt you moron; not without going through congress. thats why he's about to get smacked down again in court

 

[Meister]

the banks wrote TONS more sub prime than was mandated you idiot

The very first words of the constitution after the preamble are "all legislative powers herein granted shall be vested in a congress of the united states." That means the president and supreme court and bureaucrats have NO authority to write laws. But they do it all the time.

http://www.nytimes.com/2014/03/12/u...0140312&nl=todaysheadlines&nlid=65366937&_r=2

MARCH 11, 2014

WASHINGTON — President Obama this week will seek to force American businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated.

On Thursday, the president will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians and others whom many businesses currently classify as “executive or professional” employees to avoid paying them overtime, according to White House officials briefed on the announcement.

I just flagged this thread to see if we can't get a mod to purge the off topic posts from it. TDM can't stay on topic it seems. It was a good thread worthy of discussion.

 

[OriginalShroom]

This is why I am against these groups being able to make their own rules that have the affect and effect of a law.

Now even the IRS, in order to negate the ruling of the Supreme Court, is re-writing their rules. In a twist, it is managing to cause a split between the NAACP, who is going to hurt by the new rules and the Black Congressional Caucasus who support the new rules because it will hurt the Tea Party.

 

[bedowin62]

The Supreme Court's 9-0 Rulings Against Obama Reveal Disregard



legalinsurrection.com/.../the-supreme-courts-9-0-rulings-against-obama-r...*




Rating: 5 - *1 vote
Jul 27, 2013 - Ilya Somin has an interesting article on 9-0 Supreme Court rulings: ..... Obama and his minions have been smacked down nine-to-nothing (9-0!) ...


there is more proof of the OPs original claim that obama is trampling the Constitution than there is of your idiotic head in the sand denials you idiot

 

[ogibillm]

what is your excuse for supporting a failed community activist leftard?

is this what you have left? no argument, no facts to support you, you're just left with name calling?

the facts don't support the op, or you. just admit to it and be done with it.

what do i need to debate a blind brainwshed o-bot dork?

start by having a fact based argument for why you believe this to be illegal, or why you believe that the president needs congress to make this change.

 

[bedowin62]

1. Delay of Obamacare’s out-of-pocket caps. The Labor Department announced in February that it was delaying for a year the part of the healthcare law that limits how much people have to spend on their own insurance. This may have been sensible—insurers and employers need time to comply with rapidly changing regulations—but changing the law requires actual legislation.

 

[bedowin62]

. Delay of Obamacare’s employer mandate. The administration announced via blogpost on the eve of the July 4 holiday that it was delaying the requirement that employers of at least 50 people provide complying insurance or pay a fine. This time it did cite statutory authority, but the cited provisions allow the delay of certain reporting requirements, not of the mandate itself.

 

[bedowin62]

Delay of Obamacare’s insurance requirements. The famous pledge that “if you like your plan, you can keep it” backfired when insurance companies started cancelling millions of plans that didn’t comply with Obamacare’s requirements. President Obama called a press conference last month to proclaim that people could continue buying non-complying plans in 2014—despite Obamacare’s explicit language to the contrary. He then refused to consider a House-passed bill that would’ve made this action legal.

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers

Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented

FOR IMMEDIATE RELEASE
2007-190

Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.