Banks win another one

[Craig234]

Another issue where Republicans + too many corporatized Democrats = no progressive progress.

Obama's already modest bill loses provisions such as requiring simple financial products as Congress follows bank pressure.

'Banks own this place.' - Sen. Durbin

Clicky

 

[Fear No Evil]

Troll Troll Troll your boat.. Gently down the stream..

 

[Craig234]

Originally posted by: Fear No Evil
Troll Troll Troll your boat.. Gently down the stream..

Idiot.

 

[Fear No Evil]

Originally posted by: Craig234

Originally posted by: Fear No Evil
Troll Troll Troll your boat.. Gently down the stream..

Idiot.

Truth hurts?

 

[Genx87]

I was hoping for some kind of clamping down on the derivative and CDS market. But am I reading what Obama is proposing is with each sub prime or exotic loan it must be accompanied by something like a 30 year fixed? Seems like it doesnt imo really address the problem. Only mandate more work and costs into the system.

I was reading an article in the local paper 2 days ago about how some want to force the banks to hold onto a % their more exotic loans as a safeguard. Forcing them to hold onto these loans would make them a bit more responsible. But of course that assumes the govt wont bail them out when they mess up.

 

[EagleKeeper]

Per the Dems on this board:

Obama has a mandate from the people.

Obama will not be a yes man for Pelosi and Reid.

Obama needs a 60 vote majority to push his programs through without having to comprimise with the evil corporate republicans.


Sound familiar?

 

[Vic]

No banks are lending any 'exotic' products anymore as it is, so at best this bill was a feel-good measure with no real purpose except to close the barn door after the horse already got out.

 

[ElFenix]

Originally posted by: Vic
No banks are lending any 'exotic' products anymore as it is, so at best this bill was a feel-good measure with no real purpose except to close the barn door after the horse already got out.

/thread

 

[alphatarget1]

Since when did your great leader fight for anything? He gives speeches, and has shown no abilities to lead. Obama is more like a go-with-the-flow follower of the incompetent (currenly democratic led) congress.

 

[Craig234]

Originally posted by: Common Courtesy
Per the Dems on this board:

Obama has a mandate from the people.

Obama will not be a yes man for Pelosi and Reid.

Obama needs a 60 vote majority to push his programs through without having to comprimise with the evil corporate republicans.


Sound familiar?

Obama has something of a mandate, he hasn't been a 'yes man' for Reid and Pelosi (they have an agenda?), 60 votes hasn't been enough because of some corporate Democrats.

Most Dems find Obama has falled short in some areas; there's debate about how many, with a variety of causes from his own fault to the power of corporate influence.

 

[EagleKeeper]

What, the leader of the Dem party can not keep his people in line. They actually think for what might be best for the country? That is their position, to represent the people of the United States.

 

[Blackjack200]

Originally posted by: Common Courtesy
What, the leader of the Dem party can not keep his people in line. They actually think for what might be best for the country? That is their position, to represent the people of the United States.

Are you insane? If there was ever a majority of politicians in power that were concerned with what was best for the country rather than the lobbyists and special interests, UHC would have been put in place decades ago.

I don't think Obama wants what's best for the country either, but at least he was trying to throw us some table scraps, the Republicans and a sizeable chunk of the Democrats wouldn't even want that.

You actually think that the Democrats and Republicans lining up against Obama want what's best for the country?

 

[spidey07]

Originally posted by: Blackjack200

Originally posted by: Common Courtesy
What, the leader of the Dem party can not keep his people in line. They actually think for what might be best for the country? That is their position, to represent the people of the United States.

Are you insane? If there was ever a majority of politicians in power that were concerned with what was best for the country rather than the lobbyists and special interests, UHC would have been put in place decades ago.

I don't think Obama wants what's best for the country either, but at least he was trying to throw us some table scraps, the Republicans and a sizeable chunk of the Democrats wouldn't even want that.

You actually think that the Democrats and Republicans lining up against Obama want what's best for the country?

He's very actively destroying it every single day, so yeah believe it or not them not doing what he wants is doing what is best for the country. FBHO.

 

[Blackjack200]

Originally posted by: spidey07

Originally posted by: Blackjack200

Originally posted by: Common Courtesy
What, the leader of the Dem party can not keep his people in line. They actually think for what might be best for the country? That is their position, to represent the people of the United States.

Are you insane? If there was ever a majority of politicians in power that were concerned with what was best for the country rather than the lobbyists and special interests, UHC would have been put in place decades ago.

I don't think Obama wants what's best for the country either, but at least he was trying to throw us some table scraps, the Republicans and a sizeable chunk of the Democrats wouldn't even want that.

You actually think that the Democrats and Republicans lining up against Obama want what's best for the country?

He's very actively destroying it every single day, so yeah believe it or not them not doing what he wants is doing what is best for the country. FBHO.

lol. Those knights in shining armor standing bravely alone to prevent Obama from destroying the country, they're my he-roes! Siigghhh.

 

[Red Dawn]

Originally posted by: spidey07

Originally posted by: Blackjack200

Originally posted by: Common Courtesy
What, the leader of the Dem party can not keep his people in line. They actually think for what might be best for the country? That is their position, to represent the people of the United States.

Are you insane? If there was ever a majority of politicians in power that were concerned with what was best for the country rather than the lobbyists and special interests, UHC would have been put in place decades ago.

I don't think Obama wants what's best for the country either, but at least he was trying to throw us some table scraps, the Republicans and a sizeable chunk of the Democrats wouldn't even want that.

You actually think that the Democrats and Republicans lining up against Obama want what's best for the country?

He's very actively destroying it every single day, so yeah believe it or not them not doing what he wants is doing what is best for the country. FBHO.

Don't you have a Census Worker to slay?

 

[FuzzyBee]

Originally posted by: Red Dawn

Originally posted by: spidey07

Originally posted by: Blackjack200

Originally posted by: Common Courtesy
What, the leader of the Dem party can not keep his people in line. They actually think for what might be best for the country? That is their position, to represent the people of the United States.

Are you insane? If there was ever a majority of politicians in power that were concerned with what was best for the country rather than the lobbyists and special interests, UHC would have been put in place decades ago.

I don't think Obama wants what's best for the country either, but at least he was trying to throw us some table scraps, the Republicans and a sizeable chunk of the Democrats wouldn't even want that.

You actually think that the Democrats and Republicans lining up against Obama want what's best for the country?

He's very actively destroying it every single day, so yeah believe it or not them not doing what he wants is doing what is best for the country. FBHO.

Don't you have a Census Worker to slay?

Wow - talking about uncalled-for.

 

[JS80]

Originally posted by: FuzzyBee

Originally posted by: Red Dawn

Originally posted by: spidey07

Originally posted by: Blackjack200

Originally posted by: Common Courtesy
What, the leader of the Dem party can not keep his people in line. They actually think for what might be best for the country? That is their position, to represent the people of the United States.

Are you insane? If there was ever a majority of politicians in power that were concerned with what was best for the country rather than the lobbyists and special interests, UHC would have been put in place decades ago.

I don't think Obama wants what's best for the country either, but at least he was trying to throw us some table scraps, the Republicans and a sizeable chunk of the Democrats wouldn't even want that.

You actually think that the Democrats and Republicans lining up against Obama want what's best for the country?

He's very actively destroying it every single day, so yeah believe it or not them not doing what he wants is doing what is best for the country. FBHO.

Don't you have a Census Worker to slay?

Wow - talking about uncalled-for.

Not shocking coming from a commie though.

 

[Harvey]

Originally posted by: alphatarget1

Since when did your great leader fight for anything? He gives speeches, and has shown no abilities to lead. Obama is more like a go-with-the-flow follower of the incompetent (currenly democratic led) congress.

Big money is still buying congress, but this is not Obama's failure. Key sentences from the OP's linked article:

Congress appears set to ignore President Obama's proposal that banks be required to offer "plain vanilla" financial products such as 30-year fixed-rate mortgages, giving the banking industry an early victory in its fight with the administration over how to reform the financial-services sector.
.
.
But the mandate for "plain vanilla" products has appeared politically unattainable amid growing opposing from financial institutions, Republicans and even some Democrats.

Forcing banks to offer such products would mean that financial products not labeled "plain vanilla" would be ripe for lawsuits, said Scott Talbott, a spokesman with the Financial Services Roundtable, which represents some of the nation's biggest financial-services firms.

At least, we have a few heros like Barney Frank keeping these matters active. :thumbsup:

Originally posted by: Fear No Evil

Troll Troll Troll your boat.. Gently down the stream..

I love your fact filled, thoughtful, on topic comments. They reflect your intellect so well. :laugh:

 

[zephyrprime]

Originally posted by: Vic
No banks are lending any 'exotic' products anymore as it is, so at best this bill was a feel-good measure with no real purpose except to close the barn door after the horse already got out.

You're presuming that this will always be the case. People's memories are short. After this crisis passes, another one will be forthcoming in a few years as we seem to be unable to deal the reckless behavior of the financial industry.

 

[PokerGuy]

Originally posted by: Craig234
Another issue where Republicans + too many corporatized Democrats = no progressive progress.

Only if by "progressive progress", you mean further destroying the foundation of the country and it's people, then yes.

Originally posted by: Red Dawn
Don't you have a Census Worker to slay?

Not cool :thumbsdown:

 

[Thump553]

We desperately need real reform of banking, and escpecially of financial markets, but this proposed requirement that banks be required to notify potential customers of their "plain vanilla" products was to me both silly and meaningless.

The guy I think who has the most on the ball in this area is the Senator everyone loves to hate these days, Chris Dodd. I wish more attention would be given to his proposals instead of these feel good gestures.

 

[bamacre]

Originally posted by: Red Dawn
Don't you have a Census Worker to slay?

That was pretty bad, Red. Not something I'd expect from you.

 

[Double Trouble]

Originally posted by: Craig234
Another issue where Republicans + too many corporatized Democrats = no progressive progress.

Obama's already modest bill loses provisions such as requiring simple financial products as Congress follows bank pressure.

'Banks own this place.' - Sen. Durbin

Clicky

Good. This is nothing but further expansion of government bureaucracy and even more red tape. There are probably steps that can be taken to solidify the financial marketplace etc, but these are ill-conceived measures meant to look good but cause more harm then good.

 

[Zstream]

Originally posted by: Red Dawn
Don't you have a Census Worker to slay?

You are fucking ignorant...

 

[UberNeuman]

Originally posted by: Zstream

Originally posted by: Red Dawn
Don't you have a Census Worker to slay?

You are fucking ignorant...

So it would seem to a man that can't answer a simple question......