Topic Author
Posts: 5859
Joined: Wed Nov 12, 2008 5:14 pm

Congress Passes Financial Reform Package

Fri Jul 16, 2010 2:46 am

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.

Warm winds blowing, heating blue skies, a road that goes forever, I'm going to Texas!
Topic Author
Posts: 5859
Joined: Wed Nov 12, 2008 5:14 pm

RE: Congress Passes Financial Reform Package

Mon Jul 19, 2010 5:30 pm

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.



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



As usual, presented with a specific problem, government takes care of just about everything but the specific problem.
Warm winds blowing, heating blue skies, a road that goes forever, I'm going to Texas!

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