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Republicans try to derail Financial reform bill by slashing regulatory budgets

Great! this bill will does nothing but make it impossible for Wall St. to make a profit and will collapse the US economy which is why Obummer is for it.
 
GuitarDaddy said:
Republicans try to derail Financial reform bill by slashing regulatory budgets
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As long as the 2 major parties are in power - do not expect any kind of real reform.

If you want real change, congress needs to be divided into thirds, with a third party acting as a swing vote.
 
Doing the math, these jobs are costing us over a quarter million each. Not to mention, who in these economic times really sees the SEC's new office of women and minority inclusion as a legitimate priority?

Cut the agencies. Then cut them again.
 
comptr6 said:
Great! this bill will does nothing but make it impossible for Wall St. to make a profit and will collapse the US economy which is why Obummer is for it.
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LOL. The idiocy is funny.

Where do these people come from, 'impossible for Wall Street to make a profit'?

While Wall Street is making RECORD PROFITS at the same time the nation's economy has crashed BECAUSE OF WALL STREET, and they have gone from making 10% to 40% of all of the country's profits, this idiot says that they 'can't make money', and that a few minor restrictions, not nearly enough of things that crash the economy, will crash the economy.

This is criminal ignorance.

And it helps show how the worst sorts of economic criminals get votes.

But hey, he made an excellent point by misspelling the President's name.
 
This is the Republican modus operandi-underfund government, install lousy mangement (ie, Brownie) and then when government fails in a function claim that it was inevitable, that proves government can never do a job right. The only exception is subsidies to business and the military-those are sacrosanct.

BTW, the GOP are planning the same death by stangulation for health care reform.
 
Thump553 said:
This is the Republican modus operandi-underfund government, install lousy mangement (ie, Brownie) and then when government fails in a function claim that it was inevitable, that proves government can never do a job right. The only exception is subsidies to business and the military-those are sacrosanct.

BTW, the GOP are planning the same death by stangulation for health care reform.
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Where have you been the last decade? Bush doubling the size of govt is "underfunding" it? Up is down, left is right in your world apparently.
 
Genx87 said:
Where have you been the last decade? Bush doubling the size of govt is "underfunding" it? Up is down, left is right in your world apparently.
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Please provide some concrete authority for the claim of yours that I highlighted. W certainly drove up the expense of government-particularly the military and homeland security sectors, but outside of those sectors (near and dear to GOP hearts) I doubt greatly W doubled the SIZE of the federal government.
 
Craig234 said:
LOL. The idiocy is funny.

Where do these people come from, 'impossible for Wall Street to make a profit'?

While Wall Street is making RECORD PROFITS at the same time the nation's economy has crashed BECAUSE OF WALL STREET, and they have gone from making 10% to 40% of all of the country's profits, this idiot says that they 'can't make money', and that a few minor restrictions, not nearly enough of things that crash the economy, will crash the economy.

This is criminal ignorance.

And it helps show how the worst sorts of economic criminals get votes.

But hey, he made an excellent point by misspelling the President's name.
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if Wall street is making record profits why did your precious messiah give them billions of tax payer's dollars in financial bailouts?
 
Meh it doesn't matter all the regulators are pining for a job anyway in finance. Buyer beware.
 
When a Wall Street firm causes a major issue that should have been prevented by existing Regulation, I'm sure the Republicans will be all over it screaming about Ineffective Government and other such nonsense.
 
GuitarDaddy said:
By slashing budgets for the SEC and CFTC republicans hope to strip all the bite out of the Dodd-Frank financial reform bill. Once again they try and legeslate via the pocketbook to kill or neutralize legeslation passed by the Dems. Obstructionism has become an artform for the Repubs

http://money.cnn.com/2011/03/01/news/economy/sec_cftc_funding/index.htm?source=cnn_bin&hpt=Sbin
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Hey, gotta stick with what you're good at. Those who can, do. Those who can't, try to make those who can look bad.
 
As usual, our resident Righties are in complete denial. Let's review-

Wall St crashed the economy as a result of inadequate and lax regulation on the part of the Bush Admin and serial de-regulation done at their request over the last 30 years. Reaganomics! Free Market! Self regulated banking! Global economy! Ownership society!

And when it all fell down, it was the Bush Admin who bailed them out, rather than nationalizing the bastards. They held the economy hostage to the bailout by refusing that option, plain and simple.

Republicans like it the way it is- boom and bust, because that serves the interests of the financial elite, market insiders, and they'll do whatever they can to keep it that way, regardless of the consequences. They killed the market constraints of the New Deal, and they intend to keep 'em in the grave.
 
Jhhnn said:
As usual, our resident Righties are in complete denial. Let's review-

Wall St crashed the economy as a result of inadequate and lax regulation on the part of the Bush Admin and serial de-regulation done at their request over the last 30 years. Reaganomics! Free Market! Self regulated banking! Global economy! Ownership society!

And when it all fell down, it was the Bush Admin who bailed them out, rather than nationalizing the bastards. They held the economy hostage to the bailout by refusing that option, plain and simple.

Republicans like it the way it is- boom and bust, because that serves the interests of the financial elite, market insiders, and they'll do whatever they can to keep it that way, regardless of the consequences. They killed the market constraints of the New Deal, and they intend to keep 'em in the grave.
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Lol @ you think we have anything close to free markets

You can't have self-regulation when government takes the risk away and fuels the fire with cheap money. Jus sayin.
The markets were totally screwed up, but you can at least admit the government + fed are at least partly to blame for all of this?
 
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That's because the Republicans simply DO NOT WANT financial reform of any kind. The Republicans' real constituency is the very wealthy, and Wall Street, who makes up an ever increasing portion of that constituency, doesn't want anything in the way of regulation in place that will negatively impact their gravy train. That's all there is to it.
 
Jhhnn said:
As usual, our resident Righties are in complete denial. Let's review-

Wall St crashed the economy as a result of inadequate and lax regulation on the part of the Bush Admin and serial de-regulation done at their request over the last 30 years. Reaganomics! Free Market! Self regulated banking! Global economy! Ownership society!

And when it all fell down, it was the Bush Admin who bailed them out, rather than nationalizing the bastards. They held the economy hostage to the bailout by refusing that option, plain and simple.

Republicans like it the way it is- boom and bust, because that serves the interests of the financial elite, market insiders, and they'll do whatever they can to keep it that way, regardless of the consequences. They killed the market constraints of the New Deal, and they intend to keep 'em in the grave.
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Barny Frank
Chris Dodd

---------------------

Well, I wanted them to cut the gov budget.

This isn't for the reasons I wanted it cut, but these days a conservative has to take what they can get.

Fern
 
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