All 41 GOP Senators Promise To Delay Financial Reform

Dante

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Sen. Richard Shelby, the top Republican on the Senate Banking, Housing and Urban Affairs Committee, predicted all 41 Republican senators would vote to delay...a deal.

Senate Minority Leader Mitch McConnell said he didn't expect the bill...would go forward. "We want to make sure that they don't have...financial services... health care," McConnell said on " Fox News Sunday."
-latimes.com

Why did the GOP want Americans to go without Health Care Reform, and why do they now want America to go backwards without any financial reform for a better American economy?

They want power. Power over ideology and over duty, honor, and country. :evil:
 

Avatar4321

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Why do you think more regulation is going to fix problems when those who are overseeing said regulation are too busy watching pornography to do their job?

We dont have a lack of regulation problem. We have a lack of honesty problem.
 

boedicca

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The current draft doesn't reform the financial system, unless one considers institutionalizing even more power for the government to bail out firms a reform.

I don't.
 

saveliberty

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Government will always resort to more spending when faced with a financial crisis that may impact their electability, power and influence. The banks are simply nothing more than scapegoats.
 

Avatar4321

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Perhaps because what's being passed off as reform isn't really reform.

I don't think that's ever crossed anyone's mind on the left. Any time the government does something it's good as far as they are concerned.
 

blu

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lets see healthcare reform that doesn't reform healthcare and now finanical reform that doesn't "..."
 

code1211

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Sen. Richard Shelby, the top Republican on the Senate Banking, Housing and Urban Affairs Committee, predicted all 41 Republican senators would vote to delay...a deal.

Senate Minority Leader Mitch McConnell said he didn't expect the bill...would go forward. "We want to make sure that they don't have...financial services... health care," McConnell said on " Fox News Sunday."
-latimes.com

Why did the GOP want Americans to go without Health Care Reform, and why do they now want America to go backwards without any financial reform for a better American economy?

They want power. Power over ideology and over duty, honor, and country. :evil:


A while ago, we re-painted our guest bath and installed new lights and a new mirror. We did so to match the new floor that had been installed about a year or so before that.

This weekend it rained so i went to work and raised the fixture higher so I could raise the mirror which was too low to see my reflection without stooping over.

This whole project was a Republican Party approach. Pick out the few things I wanted to correct, then correct them. If one of them went awry, correct that one part. Simple.

Using the approach of the Democrat Party, if I noticed that i wanted to make some improvements to the guest bath, I'd have disconnected all of the water and power from the house, torn the house down, used the existing foundation, built a house big enough so that if the house was ever sold, no matter how the large the family was to move in, there would be enough room.

The old foundation would not bear the weight, but that's not really the concern of a visionary

Following that, I'd set up funding through burrowed money to assure that the house was always supplied with power and would commit all of my resources and savings to this pursuit at the cost of every other part of my life. If I found that this was not in my best interest, it would be too late and I would have already hired attorneys to assure that if i ever tried to back out of it even marginally, I would be put out on the street but still have to pay for it.

This is the Democrat method. Suicidal.
 

Sarah G

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Shelby was resisting discussion about when they might begin debate but Dodd kept pushing so he finally said maybe the end of this week, beginning of next.

They have to be so freaking, tediously slow about everything.
 

uscitizen

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Republicans only want control so they can screw up America in their fashion, not in the dems fashion.

We shall see how the voters like the party of no at the polls.
 
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Kevin_Kennedy

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Perhaps because what's being passed off as reform isn't really reform.

Now that is a fair possibility but I suspect not the republicans reason for the delay.

What it needs to be is reregulation on the parts that have been shown to need it.
Banks and derivitives for example.

The only regulation we need is on the Federal Reserve, who caused all the problems in the first place.
 

uscitizen

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Perhaps because what's being passed off as reform isn't really reform.

Now that is a fair possibility but I suspect not the republicans reason for the delay.

What it needs to be is reregulation on the parts that have been shown to need it.
Banks and derivitives for example.

The only regulation we need is on the Federal Reserve, who caused all the problems in the first place.

I disagree, Banks and derivitives and hedge funds. Plus possibly ratings agencies.
 

Kevin_Kennedy

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Now that is a fair possibility but I suspect not the republicans reason for the delay.

What it needs to be is reregulation on the parts that have been shown to need it.
Banks and derivitives for example.

The only regulation we need is on the Federal Reserve, who caused all the problems in the first place.

I disagree, Banks and derivitives and hedge funds. Plus possibly ratings agencies.

Without the Fed's policies the market would have been able to handle all of that. Low interest rates and easy credit distorted the market, created a bubble, and ultimately crashed.
 

JakeStarkey

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Perhaps because what's being passed off as reform isn't really reform.

Now that is a fair possibility but I suspect not the republicans reason for the delay.

What it needs to be is reregulation on the parts that have been shown to need it.
Banks and derivitives for example.

The only regulation we need is on the Federal Reserve, who caused all the problems in the first place.

Clear and convincing evidence from an objective, fair and balanced link, please.
 

Cal

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How stupid are these people? Do they really want to go home to their constituents and explain why they stood against reforming wall street? I guess if it means saying "NO!" to the dems, they are all for it. Can't wait to see how this plays out in NOV.
 

Kevin_Kennedy

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Now that is a fair possibility but I suspect not the republicans reason for the delay.

What it needs to be is reregulation on the parts that have been shown to need it.
Banks and derivitives for example.

The only regulation we need is on the Federal Reserve, who caused all the problems in the first place.

Clear and convincing evidence from an objective, fair and balanced link, please.

Did the Fed Cause the Housing Bubble? - Robert P. Murphy - Mises Institute
 

uscitizen

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WE caused a lot of the problems by maxing out our credit. Using our homes like piggy banks for equity loans instead of using them as homes.
By buying more homes than we could really afford or needed, by "knowing" that they would double in value soon and we could make a mint.

Becoming upside down on auto loans for status and want reasons, not needs.
 

Kevin_Kennedy

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WE caused a lot of the problems by maxing out our credit. Using our homes like piggy banks for equity loans instead of using them as homes.
By buying more homes than we could really afford or needed, by "knowing" that they would double in value soon and we could make a mint.

Becoming upside down on auto loans for status and want reasons, not needs.

And it wouldn't have been possible without the Fed.
 

JakeStarkey

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