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Thread: Senate passes sweeping Wall Street reform

  1. #21
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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by digsbe View Post
    I agree. We don't need watered down legislation.



    Much needs reform from CEO salaries to how loans are given.

    Quote Originally Posted by obviouschild
    1) Create a transparent market for derivatives
    2) Penalize excessive risk taking by large institutions


    So we need government to micro manage the banks? Let's see here, how does the government do when it comes to sticking to a budget? Oh yeah I remember now....THEY DON'T!!!!!!


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    Re: Senate passes sweeping Wall Street reform

    Sounds like more of Obama government take over to kill our capitalist economic system

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    Re: Senate passes sweeping Wall Street reform

    Yeah, because we all know that Capitalism sucks! It's so unfair.....[/sarcasm]


    j-mac
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    Re: Senate passes sweeping Wall Street reform

    I think the most surprising thing is how little debate their was. I guess people were tired after all the hooting and hollering over health care reform.

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    Re: Senate passes sweeping Wall Street reform

    It doesn't sound very strong, which is a good thing, IMHO. Best to let the market take care of itself.

    It requires a lot of studies.

    Unfortunately, it leaves the rescinding of Glass-Steagull Act in place so that Investment Banks and Commercial Banks can merge.
    Last edited by reefedjib; 05-22-10 at 10:18 AM.

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by reefedjib View Post
    It doesn't sound very strong, which is a good thing, IMHO. Best to let the market take care of itself. It requires a lot of studies.

    Unfortunately, it leaves the rescinding of Glass-Steagull Act in place so that Investment Banks and Commercial Banks can merge.
    I agree. They should have set those old rules back into place.

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by megaprogman View Post
    I agree. They should have set those old rules back into place.
    Dodd is on their payroll.

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by reefedjib View Post
    Dodd is on their payroll.
    Dodd is corrupt like most of them. Unfortunately the politicians who aren't corrupt tend to be crazy.

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by ptif219 View Post
    Sounds like more of Obama government take over to kill our capitalist economic system
    Wow, I never knew the bill did that! Can you point to the provisions in the bill that do that?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Senate passes sweeping Wall Street reform

    Quote Originally Posted by Deuce View Post
    Wow, I never knew the bill did that! Can you point to the provisions in the bill that do that?
    The Bill gives government control of the economy and banks.

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