"Not all the changes will occur overnight once Congress gets the legislation to President Barack Obama. Throughout the 2,300-page bill, federal monitors are given one to two years to write the new rules of the road for Wall Street. In some instances, the timing isn't even specified."
Yet another Mega Bill from Team Obama that is so big and complicated no one can understand any of it... But they get to change it as they go to suit whatever agenda they want.
And the best part "federal monitors are given one to two years to write the new rules of the road for Wall Street. In some instances, the timing isn't even specified."
Great... another make up the rules as you go bill.
Can anyone see a problem with the way these mega bills are constructed?
Do you think for a minute that the Banks won't just pass any costs on to the consumer?
More baffling inclusions:
"The bill directs regulators and other government agencies to undertake more than 60 studies that will determine if or how new rules will be put into place. "
What? Studies? Conducted by whom for whose benefits?
When you read that it really makes the Federal Government look like they haven't a clue in the World what they are doing... BECAUSE THEY DON'T!
by Holle Abee 8 years ago
I thought this article was interesting, especially since it appeared in the NYT. According to this guru, costs will INCREASE, not decrease. This is the same guru that democrats hailed as wonderful when he challenged Bush. Don't worry, though, costs will increase by only a few billion, and what's a...
by Poppa Blues 8 years ago
Karl Rove has studied this bill and he claims:Now I have read parts of the health care and stimulus bill and both of those bills created new bureaucracies that are designed to collect information on private citizens digitally and analyze it to create "policy". Let me ask you folks on the...
by Cowboy Coasters 8 years ago
....for immigrants and very lazy poor people.
by Ralph Deeds 8 years ago
SENATE PASSES SWEEPING FINANCE REFORM BILL 59-39The Senate on Thursday approved a far-reaching financial regulatory bill, putting Congress on the brink of approving a broad expansion of government oversight of the increasingly complex banking industry and financial markets.The legislation is...
by Leslie McCowen 8 years ago
se·di·tion [si-dish-uhn] Show IPA–noun1.incitement of discontent or rebellion against a government.2.any action, esp. in speech or writing, promoting such discontent or rebellion.Sara Robinson:"They're telling us that it's time to openly confront the fact that conservatives...
by kerryg 8 years ago
I'm not going to lie - I have some pretty serious issues with the health care reform bill that just passed, not the least being that it is not NEARLY socialist enough for my tastes. (I support Medicare for All, at least as an option.)However, these are ten changes that last night's bill makes to...
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