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Congress Passes Financial Reform Package  
User currently offlinedxing From , joined Dec 1969, posts, RR:
Posted (4 years 1 week 6 days 13 hours ago) and read 1233 times:

Yet another boat anchor tied around the businesses of America. Rather than fix the problem this adminstration and Congress just added to it. 3500 pages long it leaves many decisions up to faceless bureaucrats to decide. Seems Barnie and Chris did their best to protect their cronies from being affected. Obama motor dealers are exempt. As are "community" owned banks. Fannie and Freddie get a pass on any regulation even though they were chin deep in advocating no paper mortgages. Wonder how any jobs this piece of legislation will cost the country? Get ready folks because even if you don't want them in your bedroom you can bet the government will be in your pocket watching every financial transaction you make.


http://news.yahoo.com/s/ap/us_financ...Bfc3RvcnkEc2xrA3NlbmF0ZWNsZWFycw--

1 replies: All unread, jump to last
 
User currently offlinedxing From , joined Dec 1969, posts, RR:
Reply 1, posted (4 years 1 week 2 days 22 hours ago) and read 1163 times:

And so it begins....get ready for new fees from your bank to make up for lost business elsewhere. Something that had absolutely nothing to do with the financial collapse.

http://www.fwbusinesspress.com/display.php?id=12950

http://www.newswek.org/2010/07/16/fi...could-hurt-consumers.html?from=rss

Meanwhile, the very problems that caused the financial crisis are basically left alone.

http://money.cnn.com/2010/07/18/news...une/index.htm?section=money_latest

http://www.newsweekinteractive.com/2...ire-of-the-loopholes.html?from=rss


As usual, presented with a specific problem, government takes care of just about everything but the specific problem.


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