"Financial Reform Bill Is A Disaster"

[highland145]

so 41 republicans can block the dems from doing stuff now, but 49 dems couldn't block republicans then? :hmm:

The math only works for the left. Give it up.

 

[highland145]

No regulation is what led to this mess.

Credit card companies handed out cards like candy, you reap what you sow.

Caused by Clinton, Barney and community action groups that pressured banks to make home loans to my quality customer. Finally, the left admitting a role in the sub prime mess.

Don't think you meant to do that. Though crap. It's true.

Oh, and personal responsibility gets a pass in the nanny state.

 

[drebo]

So I guess that means he doesn't have $$ to give to the guy with the dead car.

HE doesn't need money. Remember? He's a liberal. Their philosophy is to take YOUR money and give it to other people.

 

[highland145]

HE doesn't need money. Remember? He's a liberal. Their philosophy is to take YOUR money and give it to other people.

I think Charlton Heston said it best.....

You'd think the socialists would take a look at Europe and realize it doesn't work. Must be f-n ego to think otherwise.

 

[woodie1]

I think Charlton Heston said it best.....

You'd think the socialists would take a look at Europe and realize it doesn't work. Must be f-n ego to think otherwise.

Now, now. Don't start posting facts.

 

[highland145]

Now, now. Don't start posting facts.

No one gave me the rose colored glasses or the bong. Bastards.

 

[ayabe]

Why didn't the OP post this part at the end?

"Despite the bill’s major flaws, said Gregg, it does include redeeming points like “too big to fail.” For example, the bill authorizes regulators to impose restrictions on large, troubled financial institutions. It also creates a process for the government to liquidate failing companies at no cost to taxpayers."

 

[woolfe9999]

Two conservatives say that a democrat sponsored bill is a bad bill. And this is threadworthy? Frankly, I'd be embarrassed to start a thread the purpose of which was to quote two liberals saying that some republican bill would be a disaster.

What could be interesting is if the OP has an independently formed opinion on said bill and was willing to back it up. As it stands, the fact that some people in the opposition party don't like the bill isn't news. It's true for every piece of legislation under the sun.

- wolf

 

[highland145]

Why didn't the OP post this part at the end?

"Despite the bill’s major flaws, said Gregg, it does include redeeming points like “too big to fail.” For example, the bill authorizes regulators to impose restrictions on large, troubled financial institutions. It also creates a process for the government to liquidate failing companies at no cost to taxpayers."

I just choked up a lung.

 

[nonlnear]

I just choked up a lung.

Laughing or puking?

 

[Jhhnn]

Re: "Good luck finding someone dumb". Would finding someone dumb enough to be unaware of the Senate filibuster rules count?

The Repubs only had 51 votes then. They would need 60 votes to end cloture and bring the bill to the floor for passage. So, yes absolutely, Barney Frank and the Dems could block the repubs from passing that financial reform bill in 2003.

Fern

Oh please, Fern. If it had been something other than establishing plausible deniability for repubs at the time, they'd have tried to ram it down Dems throats, something they weren't squeamish about at all when it came to doing what they really wanted. Repubs never brought it out of committee, never sought cloture, never put it to a vote.

The truth is that the GSE's were in decent shape, despite some financial shenanigans, in the 2003 timeframe. It took the ownership society and demands by their regulator, HUD, to provide more and more support for "affordable" mortgages that was their undoing. Repubs didn't want anything more than a regulatory flipflop at the time, anyway, and the Bush Admin had a variety of ways to put the brakes on had they wanted to do so...

Deeds, not words, are the defining points, and the deeds of the Bush Admin at the time speak for themselves, despite obfuscations and protestations to the contrary.

 

[LegendKiller]

Oh please, Fern. If it had been something other than establishing plausible deniability for repubs at the time, they'd have tried to ram it down Dems throats, something they weren't squeamish about at all when it came to doing what they really wanted. Repubs never brought it out of committee, never sought cloture, never put it to a vote.

The truth is that the GSE's were in decent shape, despite some financial shenanigans, in the 2003 timeframe. It took the ownership society and demands by their regulator, HUD, to provide more and more support for "affordable" mortgages that was their undoing. Repubs didn't want anything more than a regulatory flipflop at the time, anyway, and the Bush Admin had a variety of ways to put the brakes on had they wanted to do so...

Deeds, not words, are the defining points, and the deeds of the Bush Admin at the time speak for themselves, despite obfuscations and protestations to the contrary.

Very. Good. Post.

 

[Danube]

Two conservatives say that a democrat sponsored bill is a bad bill. And this is threadworthy? Frankly, I'd be embarrassed to start a thread the purpose of which was to quote two liberals saying that some republican bill would be a disaster.

What could be interesting is if the OP has an independently formed opinion on said bill and was willing to back it up. As it stands, the fact that some people in the opposition party don't like the bill isn't news. It's true for every piece of legislation under the sun.

- wolf

You left the part out about one of the conservatives being Obama's first pick for Commerce Secretary.

This bill is just like the health bill. It expands gov command and control over business and does little to address the real problems - because gov causes most of them. Barney Frank putting finishing touches on the 2 bills is like Charles Manson working on a bill for runaway children.

 

[cubby1223]

This is what happens to a country when we elect leaders based on who comes up with the catchier sound-bytes.

 

[dmcowen674]

Caused by Clinton, Barney and community action groups that pressured banks to make home loans to my quality customer. Finally, the left admitting a role in the sub prime mess.

Don't think you meant to do that. Though crap. It's true.

Oh, and personal responsibility gets a pass in the nanny state.

Try again Republican Apologist.

Mortgages was only a part of the issue.

De-regulation and allowing the Banking and Stock Market Industry to go willy nilly on everything is more of the cause than mortgages.

 

[Zebo]

Nothing to contribute, I just think it would be awesome if a senator showed up for work dressed like this.

 

[highland145]

Laughing or puking?

I think a little of both. Government program/no public $$?? Yeah, right.

 

[ayabe]

I just choked up a lung.

That's a quote from Gregg himself which is why this post was created. He either IS or ISN'T credible right?

If that last line is pure BS, what does that say about the rest of his statements?

 

[highland145]

Try again Republican Apologist.

LOL. They suck too. Centrists.

Mortgages was only a part of the issue.

De-regulation and allowing the Banking and Stock Market Industry to go willy nilly on everything is more of the cause than mortgages.

They are only part but "Sub prime mortgage" and "CDOs" wouldn't have made the news if it weren't started by the folks I pointed to. Without that drain on the system, things would be much better now. American greed helped fuel it too. Plenty of blame to go around.

Who cares if credit card companies handed out tons of credit? They're taking the loss for non-payment. Business decision.

Did you decide you would help Mr. 500 with that $300 for his car or would you rather him lose his job, draw unemployment and collect welfare? Become a dependent of the state? Or would you rather me take 100% of the risk for you. For a nominal fee of course.

 

[highland145]

That's a quote from Gregg himself which is why this post was created. He either IS or ISN'T credible right?

If that last line is pure BS, what does that say about the rest of his statements?

If it came out of ANY politicians mouth, it's B.S.

Starting to wonder if I have trust issues.:\

 

[GarfieldtheCat]

As expected.

In the case of MA, a RINO is better than a Demcrat AINO (American In Name Only)

Just what is a "true" republican now? I can't keep up with the tea baggers constantly redefining their views, so that no one can be considered pure enough.

 

[child of wonder]

Wait, wait, wait, wait, wait.....

So a high profile bill was passed in Congress that affects millions of people and billions of dollars and someone doesn't like it?

Stop the presses!